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Approach Retirement Advisors LLC Makes New Investment in Aflac Incorporated $AFL
Approach Retirement Advisors LLC has made a significant new investment in Aflac Incorporated (NYSE:AFL), purchasing 106,635 shares valued at approximately $11.76 million, making it their second-largest holding. This investment comes despite Aflac missing its Q4 earnings and revenue consensus, with the company reporting EPS of $1.57 against an estimated $1.69 and revenue down 9.6% year-over-year. Institutional investors now own about 67.44% of Aflac, and while analysts maintain a consensus “Hold” rating with a target price of $111.82, several other large institutions also increased their stakes in the company.