Japan Post Holdings Co., Ltd., which owns a roughly ten percent stake in Aflac Inc. (NYSE: AFL), sold 14,500 shares of the insurer's common stock on March 27, 2026, according to a Form 4 filed with the U.S. Securities and Exchange Commission. The aggregated proceeds from the disposition totaled $1.55 million, with executed sale prices spanning $106.6 to $108.45 per share.
The SEC filing breaks the sale into three distinct transactions. The first tranche consisted of 7,336 shares sold at a weighted average price of $106.60, with individual execution prices between $106.33 and $107.33. The second tranche comprised 5,801 shares at an average price of $107.91, with the per-share prices ranging from $107.35 to $108.35. The final block included 1,363 shares at a weighted average price of $108.45; those trades occurred between $108.36 and $108.73.
Following these sales, Japan Post Holdings' direct ownership stands at 51,989,200 Aflac shares. At the time of reporting, Aflac's share price is $108.88, which sits slightly above InvestingPro's Fair Value estimate and has placed the stock on InvestingPro's most overvalued watchlist.
InvestingPro tips included with the filing note that Aflac has increased its dividend for 42 consecutive years and currently yields 2.26%. The platform also indicates investors can access five additional ProTips and more in-depth analysis through its Pro Research Report.
Separately, Aflac's fourth-quarter 2025 results showed a mixed performance. Reported earnings per share were $1.57, below the anticipated $1.70, representing a 7.65% negative surprise relative to expectations. Revenue for the quarter reached $4.87 billion, outperforming the forecasted $4.28 billion by 13.79%.
In the analyst community, Mizuho adjusted its price target on Aflac to $107 from $104 but maintained an Underperform rating on the stock. Despite lifting the target, Mizuho projects a negative 6% return for the shares based on its outlook.
The combination of an insider sale by a large shareholder, mixed quarterly results, and a cautious analyst stance outlines the current picture for Aflac without drawing conclusions beyond the disclosed facts. The filings and reported financials present concrete data points for shareholders and market observers to weigh.
Key details:
- Insider seller: Japan Post Holdings Co., Ltd.
- Shares sold: 14,500 on March 27, 2026 for $1.55 million total
- Price range of sales: $106.33 to $108.73 per share; reported consolidated sale prices $106.6 to $108.45
- Post-sale direct ownership: 51,989,200 Aflac shares
- Latest market price: $108.88; InvestingPro flags the stock as on its most overvalued watchlist