Japan Post Holdings Co., Ltd. executed two block sales of common stock in Aflac Inc. (NYSE: AFL) on March 26, 2026, disposing of a combined 14,899 shares for about $1.6 million, according to a Form 4 filing with the Securities and Exchange Commission.
The disposition was carried out in two tranches. The first tranche consisted of 7,514 shares sold at a weighted average price of $107.79, with individual trade prices spanning $107.04 to $108.04. The second tranche comprised 7,386 shares sold at a weighted average price of $108.17, with transaction prices ranging from $108.05 to $108.29.
At the time of reporting, Aflac shares are trading at $108.55, which corresponds to an approximate market capitalization of $56 billion. InvestingPro analysis included in the filing indicates the stock appears slightly overvalued relative to its Fair Value.
Following these sales, Japan Post Holdings retains direct ownership of 52,003,700 Aflac shares.
Recent operating and analyst context
Aflac's fourth-quarter 2025 results showed a mixed picture. The insurer reported earnings per share of $1.57, below the expected $1.70 - a shortfall of 7.65%. Revenue, however, topped estimates at $4.87 billion versus a forecast of $4.28 billion, a 13.79% positive surprise.
On the analyst front, Mizuho revised its price target for Aflac to $107 from $104 while retaining an Underperform rating, and its updated view implies a negative 6% return for the shares based on that target.
Dividend metrics noted in the filing show Aflac has raised its dividend for 42 consecutive years and currently offers a yield of 2.29%, as reported in InvestingPro Tips. The filing also references a comprehensive Pro Research Report for Aflac and more than 1,400 other US equities available to subscribers.
What this means
The disclosed sales by Japan Post represent a modest reduction in its Aflac holdings. The transactions and the company’s most recent quarterly performance add data points for investors weighing valuation, income characteristics and near-term analyst sentiment for the insurance sector.