Japan Post Holdings Co., Ltd., which holds a 10% stake in Aflac Inc. (NYSE: AFL), has reduced its position by selling 13,000 shares of common stock for a total of $1,649,594. The transaction, dated November 10, 2026, was carried out at prices ranging from $125.77 to $127.55 per share. Aflac’s stock currently trades at $127.11, near its 52-week high of $131.19, giving the insurer a market capitalization of $62.87 billion.
The sale was executed in three separate blocks. In the first, Japan Post Holdings sold 1,003 shares at a weighted average price of $125.77, with individual trades falling between $125.27 and $126.26. The second block comprised 8,358 shares at a weighted average of $126.74, within a range of $126.29 to $127.29. The final block involved 3,639 shares at a weighted average of $127.55, with prices from $127.30 to $127.71.
Following these transactions, Japan Post Holdings indirectly beneficially owns 50,121,329 shares of Aflac common stock. These shares are held directly by J&A Alliance Holdings Corporation in its capacity as trustee of the J&A Alliance Trust. Japan Post Holdings may be deemed a beneficial owner because it serves as the sole settlor and beneficiary of the Trust.
In other recent developments, Aflac reported third-quarter 2026 financial results that included adjusted earnings of $2.43 per share. That figure exceeded Wall Street’s consensus estimate of $1.80 per share, helped in part by reserve remeasurement gains. Revenue for the quarter came in at $3.27 billion, below the $4.11 billion forecast. Despite the revenue shortfall, the earnings were supported by actuarial assumption unlocks.
Separately, Mizuho raised its price target on Aflac to $112 from $107 while maintaining an Underperform rating. The adjustment reflects higher estimates but does not represent a change in the firm’s overall rating on the stock. These updates provide a snapshot of recent developments in Aflac’s financial performance and analyst outlook.