KBW cuts Aflac target to USD 120 for Aflac stock

Published on 10/12/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mizuho cut its target to USD 107.00 from USD 116.00 on October 7. Aflac stock costs EUR 102.38 on October 12, 2026 versus USD 120.00.

Key points in brief

Keefe, Bruyette & Woods cut its Aflac price target from USD 125.00 to USD 120.00 on October 9, 2026.
Mizuho lowered its target from USD 116.00 to USD 107.00 on October 7, 2026, while retaining an Underperform rating.
Aflac stock was at EUR 102.38 at Lang & Schwarz on October 12, 2026 at 11:49 a.m. CEST.
Aflac reported adjusted earnings per diluted share of USD 1.75 in the second quarter of 2026 and returned USD 1.3 billion through buybacks and dividends.

Architektur-Render: Moderner Versicherungscampus mit Glasbauten — AFLAC Inc. modern corporate insurance campus architectural visualization render, ISIN US0010551028 headquarters, Illustration mit AI erstellt.

Aflac Incorporated (ISIN US0010551028) was at EUR 102.38 at Lang & Schwarz on October 12, 2026 at 11:49 a.m. CEST. On October 9, 2026, Keefe, Bruyette & Woods cut its Aflac price target from USD 125.00 to USD 120.00 while retaining a Market Perform rating, according to MarketBeat. The target changes put analyst valuation views below the current US listing level while leaving the latest operating results as the central test.

Three target changes shape sentiment

The latest cut followed Mizuho's move on October 7, 2026. Mizuho lowered its target from USD 116.00 to USD 107.00 and kept an Underperform rating, according to MarketBeat. On October 6, 2026, UBS raised its target from USD 124.00 to USD 125.00 and retained a Neutral rating, as Markets Insider reported.

What did the second quarter show?

Aflac reported adjusted earnings per diluted share of USD 1.75 in the second quarter of 2026, according to the company's earnings-call transcript carried by Yahoo Finance. In the same quarter, US sales increased 2.6 percent year over year and net earned premiums rose 2.3 percent, while the US pre-tax margin was 20.9 percent.

The call also showed capital deployment of USD 1.3 billion through share repurchases and dividends in the second quarter of 2026. That figure gives the target revisions a useful operating counterweight: analysts are debating valuation while management continues to return capital and expand premium-generating businesses.

Three dated signals and upcoming results

On October 6, 2026, UBS raised its target from USD 124.00 to USD 125.00. On October 7, 2026, Mizuho cut its target from USD 116.00 to USD 107.00. On October 9, 2026, Keefe, Bruyette & Woods cut its target from USD 125.00 to USD 120.00.

Finviz lists November 4, 2026, for Aflac's third-quarter results and November 5, 2026, for the related webcast.

Price and investor perspective

Aflac stock was at EUR 102.38 at Lang & Schwarz on October 12, 2026 at 11:49 a.m. CEST. The US listing is on the NYSE, where the October 9, 2026 quote was USD 114.54, while the 52-week range was USD 105.43 to USD 130.22.

The further course of trading is shown by the continuously updated real-time quote of Aflac stock.