Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells $2,369,800.00 in Stock

Posted by Renee Jackson on Sep 11th, 2026

Aflac Incorporated (NYSE:AFL – Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 20,000 shares of Aflac stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $118.49, for a total transaction of $2,369,800.00. Following the completion of the transaction, the insider directly owned 50,667,690 shares in the company, valued at $6,003,614,588.10. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Post Holdings Co. Ltd. Japan also recently made the following trade(s):

On Tuesday, September 8th, Post Holdings Co. Ltd. Japan sold 13,600 shares of Aflac stock. The shares were sold at an average price of $115.44, for a total value of $1,569,984.00.
On Friday, September 4th, Post Holdings Co. Ltd. Japan sold 15,000 shares of Aflac stock. The stock was sold at an average price of $117.47, for a total value of $1,762,050.00.
On Wednesday, September 2nd, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $117.19, for a total value of $1,582,065.00.
On Tuesday, September 1st, Post Holdings Co. Ltd. Japan sold 12,800 shares of Aflac stock. The shares were sold at an average price of $115.77, for a total value of $1,481,856.00.
On Monday, August 31st, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.00, for a total value of $1,473,200.00.
On Friday, August 28th, Post Holdings Co. Ltd. Japan sold 13,000 shares of Aflac stock. The stock was sold at an average price of $116.52, for a total value of $1,514,760.00.
On Thursday, August 27th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.67, for a total value of $1,481,709.00.
On Wednesday, August 26th, Post Holdings Co. Ltd. Japan sold 13,200 shares of Aflac stock. The shares were sold at an average price of $117.35, for a total transaction of $1,549,020.00.
On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The shares were sold at an average price of $116.49, for a total transaction of $1,479,423.00.
On Monday, August 24th, Post Holdings Co. Ltd. Japan sold 13,500 shares of Aflac stock. The stock was sold at an average price of $118.02, for a total transaction of $1,593,270.00.

Aflac Stock Down 0.3%

NYSE:AFL opened at $114.42 on Friday. The company has a current ratio of 0.12, a quick ratio of 0.12 and a debt-to-equity ratio of 0.29. Aflac Incorporated has a twelve month low of $105.43 and a twelve month high of $130.22. The company has a market cap of $57.36 billion, a PE ratio of 12.26, a P/E/G ratio of 1.85 and a beta of 0.59. The company’s 50 day moving average is $121.19 and its two-hundred day moving average is $116.32.

Aflac (NYSE:AFL – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.01). Aflac had a return on equity of 13.27% and a net margin of 26.91%.The company had revenue of $4.22 billion during the quarter, compared to analysts’ expectations of $4.11 billion. During the same period in the prior year, the business posted $1.78 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts anticipate that Aflac Incorporated will post 7.04 EPS for the current year.

Aflac Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Wednesday, August 19th were given a $0.61 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac’s dividend payout ratio is presently 26.15%.

Analyst Ratings Changes

Several analysts have weighed in on the company. Mizuho set a $116.00 price target on Aflac in a research note on Monday, August 10th. Wall Street Zen cut Aflac from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Piper Sandler reaffirmed an “overweight” rating and set a $138.00 target price (up from $130.00) on shares of Aflac in a report on Monday, August 10th. Weiss Ratings lowered Aflac from a “buy (a-)” rating to a “buy (b)” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their target price on Aflac from $117.00 to $116.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $116.62.

View Our Latest Research Report on Aflac

Institutional Investors Weigh In On Aflac

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. California State Teachers Retirement System boosted its stake in shares of Aflac by 11,094.0% in the second quarter. California State Teachers Retirement System now owns 86,458,157 shares of the financial services provider’s stock worth $10,137,219,000 after buying an additional 85,685,796 shares during the last quarter. BlackRock Inc. purchased a new position in Aflac during the second quarter valued at approximately $4,093,787,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Aflac by 27.8% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,201,217 shares of the financial services provider’s stock valued at $609,843,000 after acquiring an additional 1,132,091 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Aflac by 1.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,550,855 shares of the financial services provider’s stock valued at $499,216,000 after acquiring an additional 67,650 shares during the period. Finally, Norges Bank purchased a new stake in Aflac in the 4th quarter worth approximately $420,078,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac News Summary

Here are the key news stories impacting Aflac this week:

Positive Sentiment: Aflac highlighted that its more than 30-year commitment to childhood cancer and sickle cell disease support has surpassed $200 million in contributions. The milestone reinforces Aflac’s brand and corporate reputation, although it is unlikely to materially affect near-term earnings. Aflac commemorates National Childhood Cancer and Sickle Cell Disease Awareness Month
Neutral Sentiment: At the KBW Insurance Conference 2026, Aflac management discussed the company with investors. The event could offer perspective on business trends, capital allocation and future growth, but the available transcript listing does not indicate a specific forecast change or new catalyst. Aflac Presents at KBW Insurance Conference 2026 Transcript
Neutral Sentiment: Aflac’s most recent quarterly results were mixed: revenue of $4.22 billion exceeded expectations, while earnings of $1.75 per share narrowly missed the $1.76 consensus and declined from $1.78 a year earlier. The company continues to provide a $0.61 quarterly dividend, equivalent to a $2.44 annualized payout and an approximate 2.1% yield.
Negative Sentiment: Japan Post Holdings, Aflac’s major shareholder, disclosed another sale of 13,600 shares for approximately $1.57 million, following sales of 15,000 shares and 20,000 shares in earlier transactions. The trades were made under a pre-arranged Rule 10b5-1 plan and reduced its stake by only 0.03%–0.04% each, limiting the fundamental impact but potentially weighing on investor sentiment. Japan Post Holdings Aflac share sale filing
Negative Sentiment: Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target near $116.62. This suggests limited perceived upside and may amplify the effect of shareholder selling, particularly while Aflac trades near the upper end of its recent valuation range.

About Aflac

(Get Free Report)

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.