Japan Post Holdings Co., Ltd. executed the sale of 20,100 shares of common stock of Aflac Inc. (NYSE: AFL) on April 2, 2026, as disclosed in a Form 4 filing with the U.S. Securities and Exchange Commission.
The disposition was carried out in two separate trades that combined to approximately $2.2 million in proceeds. The first tranche comprised 6,466 shares sold at a weighted average price of $109.80, with transaction prices spanning $109.15 to $110.15. The second tranche consisted of 13,634 shares sold at a weighted average price of $110.39, with trade prices ranging from $110.16 to $110.50.
After these sales, Japan Post Holdings' direct ownership of Aflac common stock stands at 51,934,800 shares. Aflac's shares are currently quoted at $110.04 and the company carries a market capitalization of $56.68 billion.
Additional context on Aflac's recent financials is included in the filing and analyst notes. For the fourth quarter of 2025 Aflac reported earnings per share of $1.57, missing the consensus expectation of $1.70 - a shortfall described as a 7.65% downside surprise. In contrast, the company reported revenue of $4.87 billion for the same quarter, exceeding the forecast of $4.28 billion and representing a 13.79% upside surprise.
On the analyst front, Mizuho has adjusted its price target to $107 from $104 while retaining an Underperform rating; the firm characterizes its target move as a valuation roll-forward and expects a negative 6% return for the stock.
Separately, an InvestingPro analysis cited in the filing indicates that Aflac appears overvalued relative to its Fair Value. The insurer currently yields 2.21% in dividend income and has increased its payout for 42 consecutive years, a detail listed among the platform's ProTips for subscribers.
The reported transactions and the company's recent quarterly results present a mixed picture: a modest insider sale by a major institutional holder alongside financial data that beat on revenue but fell short on earnings, and an analyst update that tightens valuation assumptions while maintaining a negative stance.
Readers should note that the information above reflects the details supplied in the Form 4 filing and the referenced analyst commentary and platform analysis.