Insider Selling: Aflac (NYSE:AFL) Major Shareholder Sells 12,700 Shares

September 3, 2026 by InsiderTrades.com

Key Points

Japan Post Holdings sold 12,700 Aflac shares at an average price of $116, generating $1.47 million. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced its stake by 0.03%, leaving it with roughly 50.7 million shares.
Aflac shares opened at $117.30, while the company maintains a $0.61 quarterly dividend, equal to $2.44 annually and a 2.1% yield.
Analysts have an overall “Hold” rating on Aflac, with an average price target of $116.62; recent quarterly revenue exceeded estimates, though earnings per share narrowly missed consensus.

Aflac Incorporated (NYSE:AFL - Get Free Report) major shareholder Post Holdings Co. Ltd. Japan sold 12,700 shares of the business's stock in a transaction on Monday, August 31st. The stock was sold at an average price of $116.00, for a total transaction of $1,473,200.00. Following the completion of the transaction, the insider owned 50,713,990 shares of the company's stock, valued at approximately $5,882,822,840. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Large shareholders that own more than 10% 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, 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 shares were 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 value of $1,549,020.00.
On Tuesday, August 25th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $116.49, for a total value 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 value of $1,593,270.00.
On Friday, August 21st, Post Holdings Co. Ltd. Japan sold 12,900 shares of Aflac stock. The shares were sold at an average price of $116.28, for a total value of $1,500,012.00.
On Thursday, August 20th, Post Holdings Co. Ltd. Japan sold 13,100 shares of Aflac stock. The shares were sold at an average price of $116.60, for a total value of $1,527,460.00.
On Wednesday, August 19th, Post Holdings Co. Ltd. Japan sold 12,700 shares of Aflac stock. The stock was sold at an average price of $117.05, for a total value of $1,486,535.00.
On Tuesday, August 18th, Post Holdings Co. Ltd. Japan sold 14,200 shares of Aflac stock. The stock was sold at an average price of $121.94, for a total transaction of $1,731,548.00.
On Monday, August 17th, Post Holdings Co. Ltd. Japan sold 13,900 shares of Aflac stock. The shares were sold at an average price of $121.33, for a total transaction of $1,686,487.00.

Aflac Stock Up 1.1%

Shares of Aflac stock opened at $117.30 on Thursday. Aflac Incorporated has a 52-week low of $104.66 and a 52-week high of $130.22. The company has a 50 day moving average of $121.54 and a 200 day moving average of $116.24. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $58.81 billion, a P/E ratio of 12.57, a P/E/G ratio of 1.87 and a beta of 0.59.

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Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing analysts' consensus estimates of $1.76 by ($0.01). Aflac had a net margin of 26.91% and a return on equity of 13.27%. The firm 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 company posted $1.78 earnings per share. The company's revenue for the quarter was down 1.0% on a year-over-year basis. As a group, research analysts forecast that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Dividend Announcement

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

Analyst Ratings Changes

MarketBeat Week in Review – 06/08 - 06/12

A number of brokerages have issued reports on AFL. Wall Street Zen downgraded Aflac from a "hold" rating to a "sell" rating in a report on Saturday, August 15th. Jefferies Financial Group reiterated a "hold" rating and issued a $108.00 price objective (up from $100.00) on shares of Aflac in a report on Friday, July 10th. Barclays reissued an "underweight" rating and set a $99.00 target price (up from $98.00) on shares of Aflac in a research report on Friday, August 7th. Keefe, Bruyette & Woods boosted their target price on Aflac from $120.00 to $125.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 11th. Finally, Mizuho set a $116.00 price target on Aflac in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Aflac presently has an average rating of "Hold" and an average price target of $116.62.

View Our Latest Report on Aflac

Key Stories Impacting Aflac

Here are the key news stories impacting Aflac this week:

Neutral Sentiment: Aflac announced that CFO Max K. will present at the 2026 KBW Insurance Conference. The event could provide investors with updates on operating trends, capital allocation and the insurance market, but the announcement included no new guidance or financial details. Aflac Incorporated to Present at the 2026 KBW Insurance Conference
Neutral Sentiment: The company’s quarterly dividend of $0.61 per share was paid on September 1, supporting Aflac’s income-investment appeal. However, the payment and ex-dividend date were previously announced and are unlikely to be a major new trading catalyst.
Negative Sentiment: Japan Post Holdings, Aflac’s major shareholder, disclosed several small stock sales, including 12,700 shares on August 31 for about $1.47 million and 13,000 shares on August 28 for about $1.51 million. The shareholder has been steadily reducing its position through multiple transactions, which may create a modest overhang, although each sale reduced ownership by only about 0.03% and was executed under a pre-arranged Rule 10b5-1 plan. Aflac Major Shareholder Sells Stock

Institutional Investors Weigh In On Aflac

Institutional investors and hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System grew its holdings in shares of Aflac by 11,094.0% during 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 purchasing an additional 85,685,796 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Aflac in the 2nd quarter valued at about $4,093,787,000. Norges Bank purchased a new stake in shares of Aflac in the 4th quarter valued at about $420,078,000. Legal & General Group Plc acquired a new stake in shares of Aflac in the 2nd quarter valued at about $404,639,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Aflac in the 2nd quarter valued at about $298,418,000. 67.44% of the stock is owned by hedge funds and other institutional investors.

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.