Aflac (NYSE:AFL) is a selection for the real-money Inflation-Protected Income Growth portfolio. In this brief video, portfolio manager Chuck Saletta offers three reasons he's holding on to Aflac's stock despite the company's gain since he bought it early this year.
- Aflac's stock trades at a reasonable price relative to an estimate of its intrinsic value.
- Aflac has a solid balance sheet without excessive debt.
- Aflac has a well covered dividend that was just recently increased.
Chuck Saletta owns shares of Aflac. The Motley Fool recommends Aflac. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.