Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 41,700 Shares of Stock

May 21, 2026 by InsiderTrades.com

Key Points

Aflac major shareholder Post Holdings Co. Ltd. Japan sold 41,700 shares on May 18 at an average price of $118.45, totaling about $4.94 million. The sale was made under a pre-arranged Rule 10b5-1 plan and reduced the stake by just 0.08%.
The insider has been consistently selling Aflac shares in recent weeks, including multiple transactions in May and April. These repeated sales may add to investor caution around the stock.
Aflac is trading near its 52-week high after opening at $117.28, while its latest quarterly results showed EPS below estimates but revenue above expectations. The company also announced a quarterly dividend of $0.61 per share, yielding about 2.1%.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 41,700 shares of the business's stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $118.45, for a total transaction of $4,939,365.00. Following the completion of the transaction, the insider directly owned 51,474,645 shares of the company's stock, valued at $6,097,171,700.25. The trade was a 0.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

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

On Friday, May 15th, Post Holdings Co. Ltd. Japan sold 23,500 shares of Aflac stock. The shares were sold at an average price of $116.85, for a total transaction of $2,745,975.00.
On Thursday, May 14th, Post Holdings Co. Ltd. Japan sold 24,500 shares of Aflac stock. The shares were sold at an average price of $116.42, for a total transaction of $2,852,290.00.
On Wednesday, May 13th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The shares were sold at an average price of $115.36, for a total transaction of $2,791,712.00.
On Tuesday, May 12th, Post Holdings Co. Ltd. Japan sold 24,300 shares of Aflac stock. The shares were sold at an average price of $115.97, for a total transaction of $2,818,071.00.
On Monday, May 11th, Post Holdings Co. Ltd. Japan sold 24,100 shares of Aflac stock. The shares were sold at an average price of $114.85, for a total transaction of $2,767,885.00.
On Thursday, April 9th, Post Holdings Co. Ltd. Japan sold 86,155 shares of Aflac stock. The shares were sold at an average price of $113.24, for a total transaction of $9,756,192.20.
On Wednesday, April 8th, Post Holdings Co. Ltd. Japan sold 166,000 shares of Aflac stock. The shares were sold at an average price of $112.38, for a total transaction of $18,655,080.00.
On Tuesday, April 7th, Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock. The shares were sold at an average price of $110.45, for a total transaction of $2,672,890.00.
On Monday, April 6th, Post Holdings Co. Ltd. Japan sold 21,500 shares of Aflac stock. The shares were sold at an average price of $110.34, for a total transaction of $2,372,310.00.
On Thursday, April 2nd, Post Holdings Co. Ltd. Japan sold 20,100 shares of Aflac stock. The shares were sold at an average price of $110.20, for a total transaction of $2,215,020.00.

Aflac Trading Down 1.0%

NYSE AFL opened at $117.28 on Thursday. Aflac Incorporated has a 12 month low of $96.95 and a 12 month high of $119.81. The company has a 50-day moving average of $112.17 and a 200-day moving average of $111.53. The company has a market cap of $59.69 billion, a P/E ratio of 13.31, a P/E/G ratio of 2.06 and a beta of 0.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.11 and a quick ratio of 0.11.

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Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.80 by ($0.05). The firm had revenue of $4.24 billion for the quarter, compared to analyst estimates of $4.20 billion. Aflac had a return on equity of 13.88% and a net margin of 25.60%.The company's quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.66 earnings per share. As a group, equities analysts predict that Aflac Incorporated will post 7.12 earnings per share for the current year.

Aflac Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Wednesday, May 20th will be issued a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, May 20th. Aflac's dividend payout ratio is presently 27.70%.

Analyst Ratings Changes

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AFL has been the subject of a number of research analyst reports. Wells Fargo & Company dropped their price objective on Aflac from $116.00 to $111.00 and set an "equal weight" rating for the company in a report on Tuesday, May 5th. Barclays set a $99.00 target price on shares of Aflac and gave the stock an "underweight" rating in a research report on Thursday, April 30th. Weiss Ratings raised shares of Aflac from a "buy (b-)" rating to a "buy (a-)" rating in a research report on Friday, May 15th. Evercore raised shares of Aflac from a "strong sell" rating to a "strong-buy" rating in a research report on Thursday, April 9th. Finally, UBS Group dropped their target price on shares of Aflac from $116.00 to $114.00 and set a "neutral" rating for the company in a research report on Thursday, April 9th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Aflac has an average rating of "Hold" and an average price target of $111.36.

View Our Latest Report on AFL

Key Stories Impacting Aflac

Here are the key news stories impacting Aflac this week:

Positive Sentiment: Zacks said the accident and health insurance industry remains attractive, citing benefits from rising underwriting exposure and faster digitalization, which is supportive for Aflac and peers. Article: Zacks Industry Outlook Highlights Aflac, Unum, Globe Life, Trupanion and Employers
Positive Sentiment: The company’s quarterly dividend of $0.61 per share reinforces its appeal to income investors and may help support the stock.
Neutral Sentiment: Aflac’s latest earnings call highlighted strength in Japan, suggesting underlying business momentum even though the most recent EPS report missed expectations. Article: Aflac Earnings Call Highlights Japan Surge and Strength
Negative Sentiment: Insider selling has weighed on sentiment, including a recent $4.9 million sale by insiders and additional share sales by major shareholder Post Holdings Co. Ltd. Japan. Article: Aflac Insiders Sell US$4.9m Of Stock, Possibly Signalling Caution
Negative Sentiment: Director Thomas Kenny also sold shares, adding to concerns that insiders may be taking profits after the stock’s recent strength. Article: Aflac (NYSE:AFL) Director Sells $202,831.80 in Stock
Negative Sentiment: Investors may also stay cautious because Aflac’s last reported EPS missed analyst estimates, even though revenue came in ahead of expectations.

Institutional Investors Weigh In On Aflac

Institutional investors and hedge funds have recently made changes to their positions in the company. Whipplewood Advisors LLC acquired a new stake in shares of Aflac during the 1st quarter valued at approximately $25,000. Quarry LP acquired a new stake in shares of Aflac during the 4th quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Aflac during the 4th quarter valued at approximately $29,000. Evergreen Advisors LLC acquired a new stake in shares of Aflac during the 1st quarter valued at approximately $29,000. Finally, Navalign LLC acquired a new stake in Aflac in the fourth quarter worth $32,000. 67.44% of the stock is owned by institutional investors and hedge funds.

Aflac Company Profile

(Get Free Report)

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac's product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.