Japan Post Holdings Co., Ltd. disclosed a disposition of Aflac Inc. (NYSE: AFL) common stock in a Form 4 filed with the Securities and Exchange Commission. The filing records that on March 12, 2026, Japan Post sold 17,900 shares of Aflac, generating total proceeds of $1.96 million.
The sales occurred across a narrow band of prices. The filing shows 16,639 shares were sold in multiple transactions at a weighted average price of $109.58, with individual transaction prices spanning $108.845 to $109.845 per share. A separate set of transactions accounted for 1,261 shares sold at a weighted average of $109.92, with transaction prices ranging from $109.850 to $110.005.
Following these transactions, Japan Post directly owns 52,150,100 shares of Aflac. As of the time reflected in the filing, Aflac is trading at $109.11 and carries a market capitalization of $56.3 billion.
Context from third-party data and recent corporate results
According to InvestingPro data cited in the filing materials, Aflac has increased its dividend for 42 consecutive years. The same InvestingPro reference indicates the stock is trading slightly above its Fair Value.
Separate corporate results for the fourth quarter of 2025 show a mixed performance. Aflac reported earnings per share of $1.57, below the consensus forecast of $1.70, representing a negative surprise of 7.65%. At the same time, revenue came in at $4.87 billion, exceeding the expected $4.28 billion, a positive surprise of 13.79%.
On the analyst front, Mizuho revised its price target for Aflac from $104 to $107, while retaining an Underperform rating. The firm attributed the 3% increase in its target to a valuation roll-forward and still projects a negative 6% return for the stock under its assumptions.
What the filing shows
- The total number of shares sold: 17,900.
- Total proceeds from the sale: $1.96 million.
- Price ranges involved: $108.845 to $110.005 across all transactions.
- Post-sale direct ownership by Japan Post: 52,150,100 shares.
The Form 4 distinguishes the bulk of the sale as 16,639 shares at a weighted average of $109.58, with a smaller tranche of 1,261 shares at a weighted average of $109.92.
Market snapshot
At the time referenced in the filing, the security was quoted at $109.11 and the company’s market capitalization was noted as $56.3 billion.
Readers should note that the filing and the corporate results cited provide discrete data points about ownership changes, recent operating performance, and analyst positioning; they do not include commentary on motive or forward guidance beyond the figures reported.