Weekly Investment Analysts’ Ratings Updates for Aflac (AFL)

Several brokerages have updated their recommendations and price targets on shares of Aflac (NYSE: AFL) in the last few weeks:

• 7/13/2026 – Aflac had its price target raised by Keefe, Bruyette & Woods from $115.00 to $120.00. They now have a “market perform” rating on the stock.
• 7/10/2026 – Aflac had its “hold” rating reaffirmed by Jefferies Financial Group Inc.. They now have a $108.00 price target on the stock, up from $100.00.
• 7/9/2026 – Aflac was given a new $112.00 price target by Mizuho.
• 7/9/2026 – Aflac had its price target raised by Wells Fargo & Company from $111.00 to $120.00. They now have an “equal weight” rating on the stock.
• 7/8/2026 – Aflac had its “neutral” rating reaffirmed by UBS Group AG. They now have a $124.00 price target on the stock, up from $114.00.
• 7/7/2026 – Aflac was downgraded by Weiss Ratings from “buy (a-)” to “buy (b+)”.
• 7/7/2026 – Aflac had its price target lowered by Barclays PLC from $99.00 to $98.00. They now have an “underweight” rating on the stock.
• 6/15/2026 – Aflac was upgraded by Weiss Ratings from “buy (b+)” to “buy (a-)”.
• 5/29/2026 – Aflac was downgraded by Weiss Ratings from “buy (a-)” to “buy (b+)”.
• 5/26/2026 – Aflac had its “overweight” rating reaffirmed by Piper Sandler. They now have a $130.00 price target on the stock, up from $125.00.
• 5/21/2026 – Aflac had its price target raised by Morgan Stanley from $120.00 to $125.00. They now have an “equal weight” rating on the stock.

Aflac Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were issued a $0.61 dividend. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.0%. Aflac’s payout ratio is presently 27.70%.

Insider Transactions at Aflac

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.12, for a total transaction of $7,441,560.00. Following the completion of the sale, the insider directly owned 51,169,435 shares of the company’s stock, valued at $6,044,133,662.20. The trade was a 0.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 744,916 shares of company stock valued at $87,118,632 over the last quarter. 0.80% of the stock is owned by corporate insiders.

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.