Piper Sandler Raises Aflac (AFL) Price Target, Favors Insurance Carriers over Brokers

Piper Sandler Raises Aflac (AFL) Price Target, Favors Insurance Carriers over Brokers Vardah Gill Sun, May 31, 2026 at 4:26 PM GMT+2 1 min read AFL Aflac Incorporated (NYSE: AFL ) is included among the 10 Best Long-Term Dividend Stocks to Invest In According to Billionaires . Piper Sandler Raises Aflac (AFL) Price Target, Favors Insurance Carriers over Brokers Piper Sandler analyst John Barnidge raised the firm’s price target on Aflac Incorporated (NYSE:AFL) to $130 from $125 on May 26 and maintained an Overweight rating on the stock. The firm pointed to the stock’s recent performance and the passage of time as reasons for the target increase.

Piper Sandler modestly raised price targets for most insurance carriers while lowering targets for some insurance brokers. Its analysis takes a bottom-up approach. Following first-quarter results, the firm believes investors may be better served focusing on insurance carriers rather than brokers.

Underwriting performance came in stronger than expected for carriers, while brokers delivered weaker organic growth results. Aflac Incorporated (NYSE:AFL) provides financial protection to policyholders and customers through its subsidiaries in the United States and Japan. The company’s primary business is supplemental health and life insurance products.

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