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It appears the market is finally starting to see the value in Aflac Incorporated (NYSE: AFL), hence it goes without saying that I'm reiterating my Buy rating for company, first recommended on May 28, 2009 at a price of $36.07. Aflac is another one of those insurers that was rudely treated by Wall Street during the panicked frenzy that gripped markets with the onset of the financial crisis. And it was rude: the Street took AFL's shares from a high of $68 to about $11, basically on the fear that Aflac would incur major losses from European bank hybrid bonds, including the threat of bank nationalization.
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