Piper Sandler Lowers Aflac (NYSE:AFL) Price Target to $125.00

Key Points

• Piper Sandler cut its price target on Aflac to $125 from $130 but kept an "overweight" rating, implying roughly a 10% upside from the prior close.
• Aflac reported Q1 EPS of $1.75 (vs. $1.80 expected) while revenue rose to $4.35B (+27.9% YoY), with management citing lower investment income and a weaker yen as key near-term headwinds.
• The consensus across analysts is a "Hold" with an average target of $111.64 (shares trading around $113.55), and mixed broker views plus notable insider selling point to possible short-term volatility.

Aflac (NYSE:AFL - Get Free Report) had its price objective decreased by equities researchers at Piper Sandler from $130.00 to $125.00 in a report issued on Friday,Benzinga reports. The firm presently has an "overweight" rating on the financial services provider's stock. Piper Sandler's price objective would indicate a potential upside of 10.08% from the stock's previous close.

A number of other brokerages also recently issued reports on AFL. JPMorgan Chase & Co. lifted their price target on Aflac from $101.00 to $105.00 and gave the company a "neutral" rating in a report on Monday, January 5th. Wall Street Zen downgraded Aflac from a "hold" rating to a "sell" rating in a report on Saturday, February 28th. Evercore raised Aflac from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Mizuho set a $102.00 target price on Aflac and gave the company an "underperform" rating in a research report on Monday, April 13th. Finally, Wells Fargo & Company reduced their target price on Aflac from $118.00 to $116.00 and set an "equal weight" rating on the stock in a research report on Friday, April 10th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $111.64.

Aflac Stock Down 0.1%

Shares of NYSE:AFL traded down $0.12 on Friday, reaching $113.55. The company had a trading volume of 499,687 shares, compared to its average volume of 2,323,219. Aflac has a 52-week low of $96.95 and a 52-week high of $119.32. The firm's 50 day simple moving average is $111.37 and its 200-day simple moving average is $110.84. The firm has a market capitalization of $58.50 billion, a PE ratio of 12.89, a PEG ratio of 3.19 and a beta of 0.66. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 14.07%. The company had revenue of $4.35 billion during the quarter, compared to analysts' expectations of $4.20 billion. During the same quarter in the prior year, the business posted $1.66 earnings per share. The company's revenue was up 27.9% compared to the same quarter last year. As a group, analysts expect that Aflac will post 7.27 earnings per share for the current fiscal year.

Insider Transactions at Aflac

In other Aflac news, major shareholder Post Holdings Co. Ltd. Japan sold 166,000 shares of the business's stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $112.38, for a total transaction of $18,655,080.00. Following the sale, the insider owned 51,723,100 shares in the company, valued at approximately $5,812,641,978. The trade was a 0.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 572,632 shares of company stock worth $63,514,634. Corporate insiders own 0.80% of the company's stock.

Institutional Trading of Aflac

Several large investors have recently added to or reduced their stakes in AFL. Vanguard Group Inc. grew its stake in Aflac by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider's stock valued at $6,301,056,000 after purchasing an additional 6,759,169 shares during the last quarter. Norges Bank purchased a new stake in Aflac during the 4th quarter valued at about $420,078,000. AQR Capital Management LLC grew its stake in Aflac by 1,184.5% during the 3rd quarter. AQR Capital Management LLC now owns 1,264,090 shares of the financial services provider's stock valued at $141,199,000 after purchasing an additional 1,165,676 shares during the last quarter. Marshall Wace LLP grew its stake in Aflac by 390.7% during the 4th quarter. Marshall Wace LLP now owns 1,111,711 shares of the financial services provider's stock valued at $122,588,000 after purchasing an additional 885,141 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Aflac by 132.4% during the 3rd quarter. Franklin Resources Inc. now owns 1,227,200 shares of the financial services provider's stock valued at $137,078,000 after purchasing an additional 699,080 shares during the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

Aflac News Roundup

Here are the key news stories impacting Aflac this week:

• Positive Sentiment: Strong top-line and U.S. sales: Aflac reported revenue up ~27.9% year-over-year (~$4.3B) and management highlighted U.S. sales strength that helped offset some headwinds. Aflac Reports Strong Q1 2026 Revenue and Earnings
• Positive Sentiment: Japan growth and reinsurance expansion: Management flagged a Japan-led sales surge, set a Japan sales target nearer JPY 80B and signaled plans to expand its reinsurance franchise — positive for medium-term growth and margins in its largest market. Aflac (AFL) Earnings Call Highlights Japan-Led Surge
• Neutral Sentiment: Local operations expansion: Aflac opened a new South Portland, Maine office to support the state’s Paid Family & Medical Leave program — a constructive operational development but limited near-term financial impact. Aflac opens new South Portland office to support Maine Paid Family and Medical Leave Program
• Negative Sentiment: Q1 EPS miss and investment/FX headwinds: Aflac reported EPS of $1.75, shy of most analyst expectations; management cited lower investment income and a weaker yen/FX translation as the primary drags on earnings. Those factors are pressuring near-term profitability. Aflac Q1 Earnings Miss Estimates on Lower Investment Income
• Negative Sentiment: Mixed analyst/investor activity and insider selling: Coverage shows a range of price targets and several notable insider and institutional portfolio moves, which can increase short-term volatility and weigh on sentiment. AFLAC ($AFL) Releases Q1 2026 Earnings

About Aflac

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.

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