Aflac (AFL) 10% Owner Ltd. Sells $13M of Stock
Key Points
- Japan Post Holdings Co., Ltd. sold 113,611 shares of Aflac Incorporated on October 15, 2026, at an average price of $118.53.
- After the trade, Japan Post Holdings Co., Ltd. indirectly holds 50,134,329 $AFL shares, down 0.23% from before the trade.
- Aflac Incorporated trades with a P/E ratio of 12.9 and is scheduled to report its next earnings on November 4, 2026.
- Analyst firms including Mizuho, Barclays, and JP Morgan updated their price targets ahead of the transaction date.
Since the trade, $AFL is up 1.6% to date (from the $118.05 close on Oct 15, 2026).
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Japan Post Holdings Co., Ltd. sold 113,611 shares of Aflac Incorporated on October 15, 2026, for a total value of about $13.5 million. According to a Form 4 filed with the Securities and Exchange Commission, the transaction was executed at an average price of $118.53 under a pre-arranged trading plan. Following this sale, the 10% owner holds 50,134,329 shares of the insurance provider.
AFL
Aflac Incorporated
Inside Japan Post Holdings's Aflac Trade
The major shareholder parted with 113,611 shares on October 15, 2026, cutting its stake by about 0.23%. The shares were sold at $118.53 apiece, bringing the total value of the transaction to $13.47 million. This follows several earlier sales by the same owner in October, marking a continued series of planned dispositions under Rule 10b5-1.
Other Institutional Activity in Aflac Incorporated
Other institutional investors have adjusted their positions in Aflac recently. Sg Americas Securities grew its holdings by 245,429 shares, ending with 395,346 shares worth about $46.9 million. Meanwhile, Japan Post Holdings Co., Ltd. held 50,898,490 shares worth about $6.1 billion in its earlier June report, and Wells Fargo & Company reduced its stake by 1,912,483 shares to finish with 8,636,237 shares valued at roughly $1.0 billion.
Aflac Incorporated Stock Up 1.3%
Aflac shares recently traded around $119.55 as of October 19, 2026, sitting up about 1.3% from the event-day close of $118.05 on October 15. The stock has a market capitalization of roughly $60.1 billion and a 52-week trading range spanning from $105.43 to $130.22.
Recent Earnings
Aflac generated $18.1 billion in trailing-twelve-month revenue with earnings of $9.30 per share. The company reported a net profit margin of 26.9% and a return on equity of 16.9%. Its next quarterly financial report is scheduled for 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.
Dividend
The company pays an annual dividend of $2.44 per share, giving it a dividend yield of 2.07% based on a payout ratio of 25.6%.
Insider Buying and Selling at Aflac Incorporated
Japan Post Holdings executed multiple planned sales prior to the mid-October transaction. On October 9, 2026, the 10% owner sold 12,000 shares at an average price of $114.72 for $1.4 million. Another sale on October 12 involved 12,200 shares at $115.85 for $1.4 million. On October 13, the insider disposed of 42,000 shares at $116.38 for $4.9 million, followed by a sale of 55,000 shares at $117.79 on October 14 for $6.5 million. All these transactions were carried out under planned trading arrangements.
Analysts Set New Price Targets
Analyst firms have adjusted their views on Aflac throughout October. On October 7, 2026, Mizuho maintained an Underperform rating with its price target moving to $107.00 from $116.00. On the same day, Barclays kept an Underweight rating and lifted its target to $101.00 from $99.00. Keefe, Bruyette & Woods maintained a Market Perform rating on October 9 with a target of $120.00. Wells Fargo kept an Equal-Weight rating on October 12 with a target of $116.00. Later, on October 15, 2026, JP Morgan maintained a Neutral rating while raising its target to $119.00 from $116.00. The stock currently carries a consensus Hold rating and a mean price target of $117.33 across 15 analyst opinions.
About Aflac Incorporated
Aflac Incorporated provides supplemental health and life insurance products through its operations in the United States and Japan. The company specializes in cancer, medical, and nursing care coverage, serving millions of policyholders worldwide.
Bottom Line
Investors will look toward Aflac's upcoming earnings release on November 4, 2026, for further updates on financial performance. Monitoring ongoing Form 4 filings will reveal whether major stakeholders continue to adjust their holdings.
Related Filing Alerts
Source: Japan Post Holdings Co., Ltd.'s Form 4 filing on $AFL (Oct 15, 2026). Written by software, not financial advice. How we make alerts