Insider Trading March 26, 2026

Japan Post Holdings Sells $1.49 Million in Aflac Stock

10% shareholder trims position as Aflac reports mixed Q4 2025 results and Mizuho maintains Underperform

By Sofia Navarro AFL
Japan Post Holdings Sells $1.49 Million in Aflac Stock
AFL

Japan Post Holdings sold 14,000 shares of Aflac on March 24, 2026, generating $1.49 million in proceeds. The transaction was reported on a Form 4 filing with the SEC. Aflac’s recent fourth-quarter 2025 results showed an EPS shortfall versus expectations but a revenue beat; Mizuho adjusted its price target to $107 while keeping an Underperform rating.

Key Points

  • Japan Post Holdings sold 14,000 Aflac shares on March 24, 2026, for a total of $1.49 million at a weighted average price of $106.34 - impacts equity ownership reporting and insider transaction records.
  • After the sale, Japan Post Holdings directly holds 52,032,800 shares of Aflac; the transaction was disclosed in a Form 4 filing with the SEC - relevant to institutional ownership and regulatory transparency.
  • Aflac’s Q4 2025 results were mixed: EPS of $1.57 missed the $1.70 expectation (7.65% negative surprise), while revenue of $4.87 billion exceeded the $4.28 billion forecast (13.79% positive surprise); Mizuho adjusted its target to $107 but kept an Underperform rating, projecting a 6% negative return - relevant to insurance sector outlook and equity analyst sentiment.

Japan Post Holdings Co., Ltd. reported a sale of 14,000 shares of common stock in AFLAC INC (NYSE:AFL) on March 24, 2026, according to a Form 4 filing with the U.S. Securities and Exchange Commission.

The shares were disposed of at a weighted average price of $106.34, producing proceeds of approximately $1.49 million. Transaction prices cited in the filing ranged from $105.93 to $106.845. Following the sale, Japan Post Holdings’ direct stake in Aflac stands at 52,032,800 shares.

At the time of the report, the Aflac share price was trading at $107.72, which the filing notes is close to the stock’s 52-week high of $119.32. Aflac’s market capitalization is listed as $55.49 billion.


Separately, Aflac announced its fourth-quarter 2025 results, posting diluted earnings per share of $1.57 versus an expected $1.70, representing a 7.65% negative surprise relative to consensus estimates. On the top line, the company reported revenue of $4.87 billion, above the forecasted $4.28 billion, a 13.79% positive surprise.

In reaction to the earnings release and subsequent analysis, Mizuho revised its price target for Aflac to $107 from $104 while retaining an Underperform rating on the shares. The firm described the target adjustment as a valuation roll-forward and continues to project a 6% negative return for the stock.

These items were documented in regulatory filings and analyst commentary disclosed alongside Aflac’s quarterly results. The Form 4 filing records the insider sale by Japan Post Holdings, and the earnings and analyst coverage reflect the most recent public financial disclosures for the company.


Summary: Japan Post Holdings sold 14,000 Aflac shares on March 24, 2026 for $1.49 million at a weighted average price of $106.34. Aflac’s Q4 2025 showed an EPS shortfall and a revenue beat. Mizuho moved its price target to $107 while keeping an Underperform rating.

Risks

  • The Form 4 filing documents the sale but does not provide the rationale for Japan Post Holdings’ decision to sell 14,000 shares, leaving the intent and timing unclear - affects interpretation of insider activity in the insurance equity market.
  • Aflac’s EPS for Q4 2025 missed consensus expectations, which could weigh on investor sentiment despite the revenue beat - a risk for the company’s stock performance in the financial and insurance sectors.
  • Mizuho’s maintained Underperform rating and its projection of a 6% negative return for Aflac introduce continued analyst-driven downside risk to the share price; the price-target adjustment reflects valuation mechanics rather than a change to the firm’s stance.

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