AFL AFLAC INC

NEUTRAL Impact: 2/10 EFFECT
Horizon weeks Filed May 4, 2026 Processed 1mo ago SEC 9999999995-26-001444
IPO/offering going effective
Latest settled — T+20d
AFL ▼ -1.08% at T+20d
NEUTRAL call ✗ call lost -1.08% · α vs SPY -6.72% · entry $113.33 → $112.11
Next anchor: T+60d in 7w
Last close $115.24 (close Jun 8) · +1.69% from $113.33 entry
Entry anchored
May 4, 2026
via day open
T+1d
+1.00%
call +1.00% · α +0.20%
$114.46
settled 5w ago
T+5d
+1.90%
call +1.90% · α -1.04%
$115.48
settled 4w ago
T+20d
-1.08%
call -1.08% · α -6.72%
$112.11
settled 8d ago
T+60d
call — · α —
in 7w

Price Chart

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Executive Summary

Aflac's shelf registration (S-3) filed on April 23, 2026 for the resale of up to 51,636,945 shares by selling stockholder J&A Alliance Holdings has been declared effective. The company receives no proceeds from these sales, which are part of an existing shareholder agreement.

Actionable Insight

Monitor for any Form 4 filings from J&A Alliance Holdings indicating share sales; the overhang is moderate but Aflac's stock may face mild pressure if large blocks are sold. No new capital raise for Aflac.

Key Facts

  • Effectiveness date: May 1, 2026
  • Shelf registration S-3 File No. 333-295257 now effective
  • Selling stockholder can resell up to 51,636,945 shares
  • Aflac receives no proceeds from any sales

Financial Impact

No proceeds to company; potential dilution of ~9% of outstanding shares (based on 51.6M shares vs ~580M outstanding)

dilution

Risk Factors

  • Price pressure from selling stockholder's sales
  • Dilution overhang may weigh on sentiment

Market Snapshot

Exchange
NYSE
Sector
Accident & Health Insurance
Analyst Consensus
14% bullish (22 analysts)

Documents Analyzed

This report is based on 3 SEC documents filed with EDGAR.

DocumentAccession Number
EFFECT Filing (Primary)9999999995-26-001444
Document: 9999999995-26-001444-index.html9999999995-26-001444
Document: 9999999995-26-001444.txt9999999995-26-001444
32 reports for AFL
Performance horizon
57% Hit rate 4 of 7 directional calls best @ T+5▲ +1.29%Mar 11, 2026
Filters
Rows
Reports for AFL — sortable, filterable
Type Now
Jun 2, 2026
7d ago
Insider Cluster
NEUTRAL ★ 2/10
$113.63 $114.50▲ +0.77%▲ +1.46%$115.24 (+1.42%)
Jun 1, 2026
8d ago
Insider Cluster
NEUTRAL ★ 2/10
$112.11 $113.63▲ +1.36%▲ +1.21%$115.24 (+2.79%)
May 29, 2026
11d ago
Insider Cluster
NEUTRAL ★ 3/10
$112.42 $112.11▼ −0.28%▼ −0.55%$115.24 (+2.51%)
May 28, 2026
12d ago
8-K
NEUTRAL ★ 4/10
$112.42 $112.11▼ −0.28%▼ −0.53%$115.24 (+2.51%)
May 28, 2026
12d ago
Insider Cluster
NEUTRAL ★ 2/10
$112.63 $112.42▼ −0.19%▼ −0.43%$115.24 (+2.32%)
May 27, 2026
13d ago
Insider Cluster
NEUTRAL ★ 2/10
$112.63 $112.42▼ −0.19%▼ −0.43%$115.24 (+2.32%)
May 27, 2026
13d ago
Insider Cluster
NEUTRAL ★ 2/10
$114.85 $112.63▼ −1.93%▼ −2.48%$115.24 (+0.34%)
May 26, 2026
14d ago
Insider Cluster
NEUTRAL ★ 2/10
$116.82 $114.85▼ −1.69%▼ −1.70%$115.24 (−1.35%)
May 22, 2026
18d ago
Insider Cluster
NEUTRAL ★ 2/10
$117.86 $116.82▼ −0.88%▼ −1.47%$115.24 (−2.22%)
May 21, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$117.81 $117.86▲ +0.04%▼ −0.40%$115.24 (−2.18%)
Showing 10 of 32

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