Japan Post Holdings Co. sold approximately $1.5 million worth of Aflac Inc. common stock in two separate transactions on August 21, 2026, according to regulatory filings.
The first block of 12,820 shares was sold at a weighted average price of $116.28 per share, with individual transaction prices ranging from $116.00 to $116.93. A second, smaller block of 80 shares was sold at a weighted average price of $117.07, with prices between $117.03 and $117.11. Aflac shares were trading at $116.88 at the time of the report, with a market capitalization of $58.5 billion and a trailing P/E ratio of 12.51.
Following the sales, Japan Post Holdings retains 50,791,790 shares of Aflac common stock, representing a 10% beneficial ownership stake. The transactions were executed by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with Japan Post Holdings acting as sole settlor and beneficiary. Other parties listed—General Incorporated Association J&A Alliance, Kenji Sano, and Tetsuya Numaguchi—disclaimed beneficial ownership beyond their pecuniary interest.
Aflac reported adjusted earnings per share of $1.75 for the second quarter of 2026, missing the $1.78 estimate from analysts. Revenue totaled $4.12 billion, slightly exceeding the $4.11 billion forecast. The company maintained a cautious outlook for U.S. premium growth despite the revenue beat.
Wolfe Research initiated coverage of Aflac with an Underperform rating and a $103 price target, citing concerns over a slowdown in the insurer's Japanese operations, particularly in its core third-sector business.
