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Aflac Incorporated (NYSE:AFL<\/a>) is included among the 15 Best Cheap Dividend Stocks to Buy<\/strong><\/a>.<\/p>\n On April 9, UBS lowered its price recommendation on Aflac Incorporated (NYSE:AFL) to $114 from $116. It reiterated a Neutral rating on the shares. The update came as part of a Q1 earnings preview for the North American life insurance group. UBS said it expects continued attention on disability margins, with \u201crelatively limited wiggle-room\u201d given cyclicality and economic uncertainty. The firm also rolled its target forward to 2027 estimates from 2026.<\/p>\n During the Q4 2025 earnings call, Max Broden, Senior EVP & CFO, said most of the company\u2019s 2026 guidance remains in place, with some adjustments. In Japan, underlying earned premiums are expected to decline by 1% to 2%. The expense ratio is projected between 20% and 23%. He also noted that the benefit ratio is expected in the 60% to 63% range, with a pretax profit margin of 33% to 36%.<\/p>\n For the US business, Broden said net earned premium growth is still expected at the lower end of the 3% to 6% range. The benefit ratio is projected between 48% and 52%. The expense ratio in the U.S. is expected to range from 36% to 39% as the company continues to expand its newer business lines.<\/p>\n Aflac Incorporated (NYSE:AFL) provides financial protection through its subsidiaries in the United States and Japan. Its core business focuses on supplemental health and life insurance products.<\/p>\n While we acknowledge the potential of AFL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/strong><\/a>.<\/p>\n READ NEXT:\u00a015 Blue Chip Stocks with Highest Dividends<\/a>\u00a0and\u00a013 Bank Stocks with Highest Dividends<\/a><\/b><\/strong><\/p>\n Disclosure: None. Follow Insider Monkey on Google News<\/b><\/a>.<\/b><\/p>\n<\/p><\/div>\n