Aflac Stock Outlook: Is Wall Street Bullish or Bearish?

Aflac Incorporated (AFL), headquartered in Columbus, Georgia, provides supplemental health and life insurance products. Valued at $57.5 billion by market cap, AFL is the largest provider of supplemental insurance. Its products include accident and disability, cancer expense, short-term disability, sickness and hospital indemnity, hospital intensive care, and fixed-benefit dental plans.

Shares of this leading supplemental insurer have outperformed the broader market considerably over the past year. AFL has gained 33.8% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 19.6%. In 2024, AFL stock is up 22.7%, surpassing SPX’s 12% rise on a YTD basis.