Japan Post Holdings Co., Ltd. reduced part of its Aflac Inc. (NYSE:AFL) holding on March 6, 2026, selling 18,090 shares of the insurer's common stock, according to a Form 4 filing with the Securities and Exchange Commission. The block of sales generated $2.1 million in proceeds, with execution prices spanning $109.62 to $111.29 per share.
After completing these transactions, the filing shows Japan Post Holdings continues to indirectly hold 52,222,400 shares of Aflac. The stock was trading at $110.18 at the time of the report and has risen 5.4% over the past 12 months. Internal analysis from InvestingPro indicates the shares sit slightly above its Fair Value estimate.
Earnings and operating context
Aflac's fourth-quarter 2025 results published alongside the filing showed mixed outcomes versus expectations. The company reported earnings per share of $1.57, trailing the consensus forecast of $1.70 and representing a 7.65% downside surprise. By contrast, revenue came in at $4.87 billion, outpacing the forecasted $4.28 billion and registering a 13.79% upside surprise.
Investor-oriented materials referenced in the filing note that Aflac has raised its dividend for 42 consecutive years, a sign of longstanding shareholder returns discipline. Additional InvestingPro content mentioned alongside the disclosure includes six further ProTips and expanded Pro Research Reports covering Aflac and more than 1,400 other U.S. equities.
Analyst view
In recent analyst updates, Mizuho moved its price target on Aflac to $107 from $104 but kept an Underperform rating in place. The firm’s revised target reflects a valuation roll-forward and continues to imply a negative 6% expected return for the stock under Mizuho’s view.
These developments - the insider sale, the mixed quarterly performance and the analyst revision - frame the current public picture of Aflac's financial position and market perception. The filing documents the mechanics of the sale and the company-level metrics cited here without attaching further interpretation beyond the reported figures.