Roffman Miller Associates Inc. PA Lowers Stock Holdings in Aflac Incorporated $AFL

Key Points

• Roffman Miller Associates trimmed its Aflac stake by 2.6% in Q4 to 368,921 shares (about $40.68M), making AFL its 15th largest holding.
• Major shareholder Post Holdings executed share sales under a Rule 10b5‑1 plan (24,200 shares at ~ $110) and company insiders sold a total of 320,477 shares (~$35.1M) in the quarter, which could weigh on sentiment.
• Aflac missed quarterly estimates (EPS $1.57 vs. $1.69; revenue down 9.6% YoY) and analysts remain mixed — consensus rating "Hold" with a $112.27 target price.

Roffman Miller Associates Inc. PA lowered its holdings in shares of Aflac Incorporated (NYSE:AFL - Free Report) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 368,921 shares of the financial services provider's stock after selling 9,864 shares during the quarter. Aflac makes up 2.2% of Roffman Miller Associates Inc. PA's holdings, making the stock its 15th largest position. Roffman Miller Associates Inc. PA owned about 0.07% of Aflac worth $40,681,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of AFL. BIP Wealth LLC lifted its position in shares of Aflac by 348.3% in the fourth quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider's stock valued at $6,145,000 after acquiring an additional 43,293 shares in the last quarter. ProShare Advisors LLC increased its position in shares of Aflac by 10.4% during the third quarter. ProShare Advisors LLC now owns 1,731,482 shares of the financial services provider's stock worth $193,407,000 after purchasing an additional 163,791 shares in the last quarter. Wedbush Securities Inc. increased its position in shares of Aflac by 126.1% during the third quarter. Wedbush Securities Inc. now owns 21,345 shares of the financial services provider's stock worth $2,384,000 after purchasing an additional 11,903 shares in the last quarter. Nordea Investment Management AB increased its position in shares of Aflac by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider's stock worth $206,712,000 after purchasing an additional 97,766 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of Aflac by 12.0% during the third quarter. Jones Financial Companies Lllp now owns 97,344 shares of the financial services provider's stock worth $10,841,000 after purchasing an additional 10,423 shares in the last quarter. Hedge funds and other institutional investors own 67.44% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Post Holdings Co. Ltd. Japan sold 24,200 shares of Aflac stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $110.45, for a total transaction of $2,672,890.00. Following the transaction, the insider owned 51,889,100 shares in the company, valued at approximately $5,731,151,095. This trade represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 320,477 shares of company stock worth $35,103,362 in the last quarter. Company insiders own 0.80% of the company's stock.

Analyst Upgrades and Downgrades

AFL has been the subject of several research reports. Piper Sandler upgraded Aflac to a "strong-buy" rating in a research report on Thursday, April 2nd. Wall Street Zen cut Aflac from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Keefe, Bruyette & Woods reiterated a "hold" rating and set a $113.00 price target on shares of Aflac in a research report on Thursday, March 26th. Barclays set a $101.00 price target on Aflac and gave the stock an "underweight" rating in a research report on Thursday, January 8th. Finally, Raymond James Financial reiterated an "outperform" rating and set a $119.00 price target (up from $110.00) on shares of Aflac in a research report on Tuesday, December 30th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $112.27.

Aflac Stock Performance

Shares of Aflac stock opened at $113.06 on Friday. Aflac Incorporated has a one year low of $96.95 and a one year high of $119.32. The company has a market cap of $58.25 billion, a price-to-earnings ratio of 16.43, a PEG ratio of 3.69 and a beta of 0.66. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.11 and a current ratio of 0.11. The business's 50 day moving average price is $111.45 and its 200 day moving average price is $110.49.

Aflac (NYSE:AFL - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The financial services provider reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $1.69 by ($0.12). Aflac had a return on equity of 14.35% and a net margin of 21.24%.The company had revenue of $4.28 billion for the quarter, compared to analysts' expectations of $4.45 billion. During the same quarter in the previous year, the business posted $1.57 EPS. The business's quarterly revenue was down 9.6% compared to the same quarter last year. On average, research analysts predict that Aflac Incorporated will post 6.88 EPS for the current year.

Aflac News Roundup

Here are the key news stories impacting Aflac this week:

• Positive Sentiment: MarketBeat/Insider-trades coverage noted the stock was trading up intraday, indicating short-term buying interest that can offset headline pressure. MarketBeat Insider Trading Article
• Neutral Sentiment: Small lobbying disclosure: Quiver Quant reported $62,000 of Aflac lobbying in Q1 2026 (routine disclosure; unlikely to move fundamentals). Quiver Quant Lobbying Update
• Neutral Sentiment: Zacks published an earnings preview piece highlighting the Earnings ESP tool; it's a sector-level note that may raise attention ahead of Aflac’s next report but contains no company-specific surprise. Zacks Earnings ESP Article
• Neutral Sentiment: MSN ran a pre-earnings primer on Aflac — background reading for investors but not new company-specific catalysts. MSN Earnings Preview
• Negative Sentiment: UBS cut its price target on AFL from $116 to $114 and set a Neutral rating — a modest downgrade that signals limited near-term upside and likely contributed to selling pressure. Benzinga / TickerReport on UBS PT Cut
• Negative Sentiment: Post Holdings Co. Ltd. Japan (a major shareholder) executed multiple share sales under a pre-arranged Rule 10b5-1 plan (recent blocks of ~21–24k shares at ~\$110). While each sale is small relative to its >51M-share stake, the cadence of sales and Quiver’s summary of sustained insider selling may weigh on sentiment. SEC filing and reporting links: SEC Filing InsiderTrades Report

About Aflac

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac's product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.

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