National Pension Service Sells 18,409 Shares of Aflac Incorporated $AFL

Key Points

• National Pension Service reduced its Aflac stake by 2.3%, selling 18,409 shares and retaining 789,021 shares valued at approximately $92.5 million. Institutional investors collectively own 67.44% of Aflac.
• Japan Post Holdings sold 30,000 Aflac shares for roughly $3.5 million under a Rule 10b5-1 plan; insiders have sold $44.2 million worth of stock over the past 90 days.
• Analyst sentiment remains cautious, with Aflac carrying a consensus “Hold” rating and an average price target of $116.62. The company reported $1.75 in quarterly EPS, slightly below estimates, while revenue beat expectations, and it maintains a $0.61 quarterly dividend.

National Pension Service trimmed its holdings in Aflac Incorporated (NYSE:AFL - Free Report) by 2.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 789,021 shares of the financial services provider's stock after selling 18,409 shares during the quarter. National Pension Service owned about 0.16% of Aflac worth $92,513,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stephens Inc. AR grew its stake in Aflac by 0.4% during the fourth quarter. Stephens Inc. AR now owns 21,945 shares of the financial services provider's stock worth $2,420,000 after purchasing an additional 91 shares during the period. Compound Planning Inc. increased its holdings in Aflac by 0.7% in the first quarter. Compound Planning Inc. now owns 13,743 shares of the financial services provider's stock worth $1,508,000 after purchasing an additional 91 shares in the last quarter. Root Financial Partners LLC lifted its stake in Aflac by 4.5% in the fourth quarter. Root Financial Partners LLC now owns 2,119 shares of the financial services provider's stock valued at $234,000 after buying an additional 92 shares during the period. HBK Sorce Advisory LLC lifted its stake in Aflac by 1.2% in the fourth quarter. HBK Sorce Advisory LLC now owns 7,702 shares of the financial services provider's stock valued at $902,000 after buying an additional 95 shares during the period. Finally, Studio Investment Management LLC boosted its holdings in shares of Aflac by 1.3% during the 2nd quarter. Studio Investment Management LLC now owns 7,650 shares of the financial services provider's stock worth $897,000 after buying an additional 96 shares in the last quarter. Institutional investors own 67.44% of the company's stock.

Insider Buying and Selling at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 30,000 shares of Aflac stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $117.39, for a total transaction of $3,521,700.00. Following the completion of the transaction, the insider directly owned 50,955,935 shares in the company, valued at $5,981,717,209.65. This trade represents a 0.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 375,815 shares of company stock valued at $44,190,500 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Mizuho set a $116.00 price objective on shares of Aflac in a research report on Monday, August 10th. Keefe, Bruyette & Woods increased their target price on shares of Aflac from $120.00 to $125.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. cut their target price on shares of Aflac from $117.00 to $116.00 and set a "neutral" rating on the stock in a research note on Tuesday, August 11th. Weiss Ratings cut shares of Aflac from a "buy (a-)" rating to a "buy (b)" rating in a report on Wednesday. Finally, Wolfe Research assumed coverage on shares of Aflac in a research note on Wednesday, August 19th. They issued an "underperform" rating and a $103.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Aflac presently has an average rating of "Hold" and an average price target of $116.62.

Aflac Stock Down 0.3%

Shares of NYSE:AFL opened at $114.42 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.12 and a current ratio of 0.12. Aflac Incorporated has a 52-week low of $105.43 and a 52-week high of $130.22. The business's 50 day simple moving average is $121.19 and its two-hundred day simple moving average is $116.32. The firm has a market cap of $57.36 billion, a P/E ratio of 12.26, a PEG ratio of 1.85 and a beta of 0.59.

Aflac (NYSE:AFL - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.75 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $4.11 billion. During the same quarter in the prior year, the firm earned $1.78 EPS. The company's revenue was down 1.0% compared to the same quarter last year. As a group, research analysts forecast that Aflac Incorporated will post 7.04 EPS for the current fiscal year.

Aflac Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were paid a $0.61 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, August 19th. Aflac's dividend payout ratio (DPR) is 26.15%.

Aflac News Roundup

Here are the key news stories impacting Aflac this week:

• Positive Sentiment: Aflac highlighted that its more than 30-year commitment to childhood cancer and sickle cell disease support has surpassed $200 million in contributions. The milestone reinforces Aflac’s brand and corporate reputation, although it is unlikely to materially affect near-term earnings. Aflac commemorates National Childhood Cancer and Sickle Cell Disease Awareness Month
• Neutral Sentiment: At the KBW Insurance Conference 2026, Aflac management discussed the company with investors. The event could offer perspective on business trends, capital allocation and future growth, but the available transcript listing does not indicate a specific forecast change or new catalyst. Aflac Presents at KBW Insurance Conference 2026 Transcript
• Neutral Sentiment: Aflac’s most recent quarterly results were mixed: revenue of $4.22 billion exceeded expectations, while earnings of $1.75 per share narrowly missed the $1.76 consensus and declined from $1.78 a year earlier. The company continues to provide a $0.61 quarterly dividend, equivalent to a $2.44 annualized payout and an approximate 2.1% yield.
• Negative Sentiment: Japan Post Holdings, Aflac’s major shareholder, disclosed another sale of 13,600 shares for approximately $1.57 million, following sales of 15,000 shares and 20,000 shares in earlier transactions. The trades were made under a pre-arranged Rule 10b5-1 plan and reduced its stake by only 0.03%–0.04% each, limiting the fundamental impact but potentially weighing on investor sentiment. Japan Post Holdings Aflac share sale filing
• Negative Sentiment: Analyst sentiment remains cautious, with a consensus “Hold” rating and an average price target near $116.62. This suggests limited perceived upside and may amplify the effect of shareholder selling, particularly while Aflac trades near the upper end of its recent valuation range.

Aflac Company Profile

Aflac Incorporated is an insurance company that provides supplemental health and life insurance products. Its coverage is designed to help policyholders manage expenses that may not be fully covered by major medical insurance, including costs associated with accidents, illness, hospitalization, disability and critical illness.

Through its U.S. operations, Aflac markets policies to individuals, businesses and employees through workplace benefit programs, independent agents and brokers. The company is also a major provider of supplemental insurance in Japan, where it offers products focused primarily on cancer, medical and income-support coverage.

Founded in 1955 in Columbus, Georgia, as American Family Life Assurance Company, the business adopted the name Aflac in 1990.

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