[Business Wire] – Wells Fargo & Company has entered into an agreement with Zurich American Insurance Company , a subsidiary of Zurich Insurance Group, to sell its crop insurance business, Rural Community Insurance Services , and its subsidiary Rural Community Insurance Company . Read more on this. Wells Fargo & Company (WFC) , valued at $277.41B, started trading this morning at $55.00. Today, shares have traded between $53.88 and $55.15 per share with its 52-week range being $47.75 to $58.77. Wells Fargo (WFC) shares are currently priced at 13.37x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 15.20x earnings multiple for the same period. And for income investors, the company pays shareholders $1.50 per share annually in dividends, yielding 2.73%. According to a consensus of 30 analysts, the earnings estimate of $1.03 per share would be $0.01 better than the year-ago quarter and a $0.02 sequential decrease. Investors should also note that the full-year EPS estimate of $4.15 is a $0.05 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $21.83 Billion. If realized, that would be a 1.82% increase over the year-ago quarter. Recently, Sandler O’Neill upgraded WFC from Hold to Buy (Sep 2, 2015). Previously, Guggenheim upgraded WFC from Neutral to Buy. When considering if the stock is under or overvalued, the average price target is $58.58, which is 6.51% above where the stock opened this morning. See more in (NYSE:WFC) Similar Articles: Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Eyes Metro Park for New Commercial Hub in Central NJ Stock Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Names Perry Pelos to Oversee Commercial, Corporate & Treasury Management Market Update: Wells Fargo & Co (NYSE:WFC) – Wells Fargo Insurance Names Chris Calvert Head of Client Experience