Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 63,000 Shares of Stock

June 10, 2026 by InsiderTrades.com

Key Points

Aflac major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares on June 5 at an average price of $118.12, totaling about $7.44 million. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
The shareholder has been actively trimming its position, with multiple additional Aflac sales reported in late May and early June. After the latest trade, it still owned more than 51.1 million shares valued at roughly $6.04 billion.
Aflac shares were trading near the high end of their 52-week range, with the stock opening at $115.40 and reaching a 12-month high of $119.81. The company also recently paid a quarterly dividend of $0.61 per share, implying a 2.1% annual yield.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 63,000 shares of Aflac stock in a transaction on Friday, June 5th. The stock was sold at an average price of $118.12, for a total value of $7,441,560.00. Following the transaction, the insider directly owned 51,169,435 shares of the company's stock, valued at $6,044,133,662.20. This trade represents a 0.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Wednesday, June 3rd, Post Holdings Co. Ltd. Japan sold 16,300 shares of Aflac stock. The shares were sold at an average price of $115.19, for a total transaction of $1,877,597.00.
On Tuesday, June 2nd, Post Holdings Co. Ltd. Japan sold 9,750 shares of Aflac stock. The shares were sold at an average price of $113.39, for a total transaction of $1,105,552.50.
On Monday, June 1st, Post Holdings Co. Ltd. Japan sold 9,060 shares of Aflac stock. The shares were sold at an average price of $112.53, for a total transaction of $1,019,521.80.
On Friday, May 29th, Post Holdings Co. Ltd. Japan sold 9,200 shares of Aflac stock. The shares were sold at an average price of $112.75, for a total transaction of $1,037,300.00.
On Thursday, May 28th, Post Holdings Co. Ltd. Japan sold 9,100 shares of Aflac stock. The shares were sold at an average price of $113.22, for a total transaction of $1,030,302.00.
On Wednesday, May 27th, Post Holdings Co. Ltd. Japan sold 11,400 shares of Aflac stock. The shares were sold at an average price of $115.50, for a total transaction of $1,316,700.00.
On Tuesday, May 26th, Post Holdings Co. Ltd. Japan sold 18,000 shares of Aflac stock. The shares were sold at an average price of $117.03, for a total transaction of $2,106,540.00.
On Friday, May 22nd, Post Holdings Co. Ltd. Japan sold 31,100 shares of Aflac stock. The shares were sold at an average price of $117.78, for a total transaction of $3,662,958.00.
On Thursday, May 21st, Post Holdings Co. Ltd. Japan sold 30,400 shares of Aflac stock. The shares were sold at an average price of $117.61, for a total transaction of $3,575,344.00.
On Wednesday, May 20th, Post Holdings Co. Ltd. Japan sold 31,600 shares of Aflac stock. The shares were sold at an average price of $117.66, for a total transaction of $3,718,056.00.

Aflac Trading Up 0.1%

Shares of AFL stock opened at $115.40 on Wednesday. The firm has a 50-day moving average price of $114.21 and a 200 day moving average price of $111.87. Aflac Incorporated has a twelve month low of $96.95 and a twelve month high of $119.81. The company has a market capitalization of $58.74 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 2.02 and a beta of 0.61. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.26.

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Aflac (NYSE:AFL - Get Free Report) last announced its earnings results on Wednesday, April 29th. The financial services provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.80 by ($0.05). Aflac had a net margin of 25.60% and a return on equity of 13.88%. The firm had revenue of $4.24 billion during the quarter, compared to analyst estimates of $4.20 billion. During the same period in the previous year, the firm posted $1.66 EPS. The company's revenue for the quarter was up 27.9% compared to the same quarter last year. Research analysts forecast that Aflac Incorporated will post 7.08 earnings per share for the current fiscal year.

Aflac Dividend Announcement

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

Wall Street Analyst Weigh In

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A number of research analysts have recently commented on AFL shares. Keefe, Bruyette & Woods upped their price objective on shares of Aflac from $113.00 to $115.00 and gave the company a "market perform" rating in a research note on Friday, April 10th. Mizuho set a $104.00 price objective on shares of Aflac in a research note on Monday, May 4th. Wall Street Zen raised shares of Aflac from a "sell" rating to a "hold" rating in a research note on Saturday, May 9th. Piper Sandler reaffirmed an "overweight" rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company dropped their price objective on shares of Aflac from $116.00 to $111.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Aflac presently has a consensus rating of "Hold" and a consensus price target of $112.27.

Read Our Latest Stock Report on AFL

Institutional Trading of Aflac

A number of institutional investors have recently modified their holdings of AFL. DNB Asset Management AS boosted its holdings in Aflac by 51.3% in the 4th quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider's stock worth $18,526,000 after acquiring an additional 56,975 shares during the period. BIP Wealth LLC boosted its holdings in Aflac by 348.3% in the 4th quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider's stock worth $6,145,000 after acquiring an additional 43,293 shares during the period. Wedbush Securities Inc. boosted its holdings in Aflac by 126.1% in the 3rd quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider's stock worth $2,384,000 after acquiring an additional 11,903 shares during the period. ProShare Advisors LLC boosted its holdings in Aflac by 10.4% in the 3rd quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider's stock worth $193,407,000 after acquiring an additional 163,791 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Aflac in the 4th quarter worth approximately $3,743,000. Hedge funds and other institutional investors own 67.44% of the company's stock.

About Aflac

(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.