Masatoshi Koide, who serves as President and Representative Director, ALIJ, at Aflac Inc. (NYSE:AFL), completed a sale of company stock on March 11, 2026. The transaction involved 15,431 shares sold at $109.93 per share, producing proceeds of approximately $1.7 million. The disposition was carried out pursuant to a Rule 10b5-1 trading plan that Koide adopted on December 5, 2025.
Following this sale, Koide's direct ownership in Aflac stands at 86,422 shares. The filing does not indicate any additional changes to his holdings beyond the March 11 trade executed under the pre-established plan.
Coinciding with this insider sale, Aflac released its fourth-quarter 2025 financial results. The company reported earnings per share of $1.57, which fell short of the $1.70 that analysts had forecast, representing a negative surprise of 7.65%. Revenue for the quarter came in at $4.87 billion, exceeding expectations of $4.28 billion and marking a positive surprise of 13.79%.
Following the quarterly report, Mizuho adjusted its price target for Aflac to $107 from $104. Despite the higher target, Mizuho maintained an Underperform rating on the stock and continued to model a negative return of 6% for the shares.
The transaction note filed for Koide specifies the use of a Rule 10b5-1 plan adopted on December 5, 2025, indicating the stock sale was executed under prearranged trading instructions rather than as a one-off discretionary trade. The company's reported quarterly performance presents a mixed picture, with a shortfall on EPS offset by revenue that exceeded consensus estimates.
This report confines itself to the information disclosed in the regulatory filing and the company's quarterly results; no additional inferences about motives or future actions are drawn beyond the recorded facts.