Insider Trading March 27, 2026

Aflac director Charles D. Lake II disposes $536,365 in shares

Sale, updated holdings and mixed Q4 results underline recent moves in Aflac stock

By Priya Menon AFL
Aflac director Charles D. Lake II disposes $536,365 in shares
AFL

Charles D. Lake II, Aflac director and chairman of ALIJ, sold 5,000 shares of Aflac common stock on March 25, 2026, for $536,365. The transaction leaves Lake with 57,237 shares directly and 1,327 shares indirectly through a 401(k). The stock trades at $108.21, with a market capitalization of $55.75 billion. Recent company results were mixed, with an EPS miss and a revenue beat, while third-party analysis flags Aflac as overvalued relative to its Fair Value estimate.

Key Points

  • Charles D. Lake II sold 5,000 Aflac shares on March 25, 2026, for $536,365, at prices between $107.26 and $107.31.
  • Post-sale, Lake holds 57,237 shares directly and 1,327 shares indirectly via a 401(k); the stock trades at $108.21 with a $55.75 billion market cap.
  • Aflac reported mixed fourth-quarter 2025 results with an EPS miss and a revenue beat; an analyst raised the price target but kept an Underperform rating.

Transaction details

Charles D. Lake II, identified as Chairman and Representative Director of ALIJ at Aflac Inc (NYSE: AFL), executed a sale of 5,000 shares of common stock on March 25, 2026. The total proceeds from the sale were $536,365, with the shares traded across prices ranging from $107.26 to $107.31.


Holdings after the sale

Following the disposition, Lake's direct ownership in Aflac stands at 57,237 shares. In addition, he is recorded as holding 1,327 shares indirectly through a 401(k) plan.


Market context

The stock is currently quoted at $108.21 per share, producing a market capitalization for the insurance company of $55.75 billion. Independent analysis provided through InvestingPro categorizes Aflac as trading above its Fair Value estimate and includes the company on a Most Overvalued list.

Despite valuation concerns, Aflac has an established record of dividend increases, having raised its payout for 42 consecutive years, and offers a current yield of 2.25 percent.


Recent financial performance and analyst action

Aflac's reported fourth-quarter 2025 results were mixed. The company posted earnings per share of $1.57, which fell short of the consensus forecast of $1.70, representing a negative surprise of 7.65 percent. Revenue for the quarter was $4.87 billion, exceeding the expected $4.28 billion and producing a positive surprise of 13.79 percent.

In a separate development, Mizuho raised its price target for Aflac shares from $104.00 to $107.00 but retained an Underperform rating. The firm has incorporated a valuation roll-forward into the target adjustment and still projects a negative 6 percent return for the stock.


Research and resources

Investors interested in deeper analysis can access Aflac's Pro Research Report among more than 1,400 reports available on InvestingPro, along with additional ProTips provided on the platform.


Disclosure: No disclosure is included in the article body.

Risks

  • Valuation risk: InvestingPro analysis places Aflac above its Fair Value estimate, which could influence investor sentiment and stock performance - this impacts equity markets and insurance sector valuations.
  • Earnings uncertainty: The company missed EPS expectations in Q4 2025, introducing short-term performance risk for shareholders and affecting financial sector analysts' outlooks.
  • Analyst outlook divergence: Mizuho raised its price target while retaining an Underperform rating and forecasting a negative return, signaling conflicting signals that may increase market volatility for the stock.

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