Transaction details
Japan Post Holdings Co., Ltd., identified as a ten-percent owner of AFLAC INC (NYSE: AFL), disposed of 17,300 shares of Aflac common stock on March 9, 2026, according to a Form 4 filing with the Securities and Exchange Commission. The share sales occurred at prices between $108.98 and $110.40, producing aggregate proceeds of $1,896,481.
The filing shows the per-share prices on the transactions sit close to Aflac's then-current share price of $110.30. The selling prices were reported to be near the InvestingPro Fair Value estimate for AFL.
Post-transaction holdings and share custody
After the March 9 transactions, Japan Post Holdings directly holds 52,205,100 shares of Aflac. The filing specifies that the securities were held directly by J&A Alliance Holdings Corporation in its capacity as trustee of the J&A Alliance Trust.
Context from dividend and valuation data
According to InvestingPro Tips, Aflac has increased its dividend for 42 consecutive years and offers a dividend yield of 2.21%. Investors seeking more detailed valuation and financial analysis can consult the Pro Research Report referenced for AFL and other U.S. equities.
Recent operating results and market reaction
Aflac's fourth-quarter 2025 results were mixed. The company reported earnings per share of $1.57, below the consensus expectation of $1.70, representing a 7.65% negative surprise versus estimates. By contrast, revenue came in at $4.87 billion, ahead of the $4.28 billion forecast and reflecting a 13.79% positive surprise.
The combination of a revenue beat and an earnings shortfall has been associated with a decline in investor confidence, as noted in the reporting on the quarter.
Analyst update
Following the quarterly release, Mizuho adjusted its price target for Aflac to $107 from $104, while maintaining an Underperform rating. The firm characterized the target move as a valuation roll-forward and continued to project a negative 6% return for the stock.
Takeaway
The March 9 sale by Japan Post Holdings is a clearly documented, limited disposal by a significant holder, executed at market-near prices. It occurs against a backdrop of mixed quarterly results for Aflac and an analyst update that leaves the stock on an Underperform stance. The filing and the quarterly metrics provide discrete data points for investors tracking insider activity, dividend pedigree, and near-term analyst expectations.