Aflac (AFL) 10% Owner Ltd. Sells $6.5M of Stock
Japan Post Holdings Co., Ltd. sold 55,000 shares of Aflac Incorporated on October 14, 2026.
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Japan Post Holdings Co., Ltd., 10% Owner at Aflac Incorporated ($AFL), sold 55,000 shares at an average price of $117.79, worth about $6.48 million, on October 14, 2026. The trade was reported to the SEC in a Form 4 filing and was made under a pre-arranged Rule 10b5-1 trading plan.
Since the trade, $AFL is up 1.5% to date (from the $118.21 close on Oct 14, 2026).
AFL
Aflac Incorporated
Key Points
- Japan Post Holdings sold 55,000 shares of Aflac for about $6.48 million at an average price of $117.79 each.
- As of October 16, 2026, Aflac shares recently traded around $118.83, above both its 50-day and 200-day moving averages.
- Analysts maintain a consensus rating of 'hold' for Aflac, with a mean price target of $117.33.
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Japan Post Holdings Co., Ltd. sold 55,000 shares of Aflac Incorporated (NYSE: AFL) on October 14, 2026, for about $6.48 million. The average sale price was $117.79 per share. This transaction was planned, as indicated by the filing with the SEC.
Inside Japan Post Holdings' Trade
Japan Post Holdings, a 10% owner of Aflac, completed this sale as part of a planned transaction. The sale reduced its stake in Aflac, which is significant given its large ownership position.
Other Institutional Activity in Aflac
Other institutional investors have also adjusted their positions in Aflac recently. Vanguard Portfolio Management LLC grew its stake by 6,113,274 shares, ending with 24,356,406 shares worth about $2.92 billion. Meanwhile, Japan Post Holdings reduced its holdings by 1,075,869 shares, now holding 50,898,490 shares valued at approximately $6.11 billion. Blackrock Inc. trimmed its position by 1,288,859 shares, resulting in 34,915,032 shares worth about $4.19 billion. Vanguard Capital Management LLC also cut its stake by 350,945 shares, leaving it with 29,902,916 shares valued at about $3.59 billion.
Aflac Incorporated Stock Up 0.7%
Aflac shares recently traded around $118.83, which is above its 50-day moving average of $116.68 and its 200-day average of $115.26. However, the stock is about 8.7% below its 52-week high of $130.22, suggesting some potential for recovery.
Recent Earnings
In the trailing twelve months, Aflac reported revenue of approximately $18.07 billion and earnings per share (EPS) of $9.30. The company is set to announce its next earnings report on November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
2 target raises vs 2 cuts.
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EPS & revenue
EPS missed estimates by 4.4%. Revenue beat estimates by 1.1%.
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Profit surprise
Operating income beat by 13 percent.
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Pre-earnings setup
Bar was low, analysts cautious going in.
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Analyst signal
2 target raises, 2 target cuts.
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Earnings quality
Gross margin up 43.4 points. Operating margin up 24.2 points.
Earnings Call Summary
Aflac Japan delivered strong sales growth of 25.5 percent in the quarter, driven by new medical and cancer insurance products, though underlying earned premiums still declined 1.3 percent due to lapses of paid-up policies. In the United States, net earned premiums grew 3.5 percent with solid persistency of 79.3 percent. Management noted that Japan would need about 80 billion yen in annual sales to reach flat earned premium growth, versus 74 billion achieved in 2025.
Guidance Aflac expects Japan benefit ratio between 60 percent and 63 percent for the full year, roughly in line with first quarter results. For the United States, they forecast a benefit ratio of 42 percent to 52 percent. The company plans to continue share buybacks and dividend increases, returning $1.3 billion to shareholders in the first quarter alone.
Neutral report. Results and guidance were close to expectations, with limited evidence of a reset either way.
Insider Buying and Selling at Aflac Incorporated
Earlier this year, Joseph Moskowitz purchased 20,303 shares of Aflac at an average price of $44.59 on June 22, 2026, reflecting a significant investment. On the same date, he also sold 12,370 shares at an average price of $116.54. Additionally, Japan Post Holdings sold 42,000 shares at an average price of $116.38 on October 13, 2026, before selling the 55,000 shares on October 14.
Analysts Set New Price Targets
On October 6, 2026, UBS maintained its 'Neutral' rating on Aflac with a price target of $125.00. Mizuho also maintained its 'Underperform' rating with a target of $107.00. Barclays kept its 'Underweight' rating with a target of $101.00, while Keefe, Bruyette & Woods maintained a 'Market Perform' rating with a target of $120.00. Wells Fargo also maintained an 'Equal-Weight' rating, lowering its target to $116.00.
About Aflac
Aflac Incorporated offers supplemental health and life insurance products through its subsidiaries. The company operates primarily in two segments: Aflac Japan and Aflac U.S. Aflac Japan focuses on a variety of insurance products, including cancer and medical insurance, while Aflac U.S. provides similar offerings. This recent sale by Japan Post Holdings reflects ongoing adjustments in institutional holdings of the company.
Bottom Line
Investors should keep an eye on Aflac's upcoming earnings report on November 4, 2026, and monitor any further insider trades. Japan Post Holdings' recent sales demonstrate a strategic adjustment in its investment in Aflac.
Related Filing Alerts
Source: Japan Post Holdings Co., Ltd.'s Form 4 filing on $AFL (Oct 14, 2026). Find the original filing: AFL Form 4 filings on SEC EDGAR. Written by software, not financial advice. How we make alerts