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.
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Summary
Right now:
- 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.
