AFL

AFLAC INC

NYSE · Accident & Health Insurance · Inc. GA · CIK 0000004977

$118.24 +2.56% $60.2B

Insider Selling Cluster (2 insiders)

Vol

Market Cap$60.2B

Cap SizeLarge Cap

Analyst ConsensusSell (13%)

Inst. Holders10 funds

Inst. Value$9.7B

Inst. Activity1 buys / 1 sells

Insider Activity0B / 35S

Insider Net $-$53.7M

SEC Reports20

Exchange NYSE·Sector Accident & Health Insurance·Inc. GA·CIK 0000004977·Prev Close $115.29

Recent Activity

Jun 5, 2026 SEC

Aflac filed an 8-K disclosing a multi-tranche yen-denominated senior notes offering totaling ¥65.9 billion (~$440M USD e

8-K — Impact 4/10

Jun 3, 2026 Insider

Japan Post Holdings Co., Ltd. sold 6,948 shares

10%+ Owner @ $114.48 ($795.4K)

Jun 2, 2026 SEC

AFLAC insiders sold $1.46M in open-market transactions over the past week, including the CFO of Aflac Japan and a 10% ow

CLUSTER — Impact 2/10

Jun 2, 2026 Insider

Japan Post Holdings Co., Ltd. sold 1,431 shares

10%+ Owner @ $112.51 ($161.0K)

Jun 1, 2026 SEC

AFLAC insiders sold a total of $1.38M in shares over a 7-day window, including the CFO of Aflac Japan and a 10% owner. T

CLUSTER — Impact 2/10

Jun 1, 2026 Insider

Japan Post Holdings Co., Ltd. sold 8,530 shares

10%+ Owner @ $112.51 ($959.7K)

Inst.

NORGES BANK — NEW

3,809,539 shares ($420.1M)

Inst.

RENAISSANCE TECHNOLOGIES LLC — NEAR_EXIT

138,500 shares ($15.3M)

Price Targets

$112.43 -4.9% upside Hold

Current $118.24 Low $99.00 Median $112.00 High $130.00 14 analysts

$99.00 $130.00

Analyst Ratings

Strong Sell13% buy · 23 analysts

1Strong Buy

2Buy

12Hold

7Sell

1Strong Sell

Recent Analyst Actions

Date	Firm	Action	Rating
May 26, 2026	Piper Sandler	MAINTAIN	Overweight → Overweight
May 21, 2026	Morgan Stanley	MAINTAIN	Equal-Weight → Equal-Weight
May 5, 2026	Wells Fargo	MAINTAIN	Equal-Weight → Equal-Weight
May 1, 2026	Piper Sandler	MAINTAIN	Overweight → Overweight
Apr 30, 2026	Barclays	MAINTAIN	Underweight → Underweight

Earnings Estimates

Period	EPS Est.	Range	Growth	#
Current Q	$1.77 ▼ -3.0%	$1.72 — $1.83	-0% YoY	12
Next Q	$1.79 ▼ -2.7%	$1.65 — $1.91	-28% YoY	12
Current FY	$7.04 ▼ -2.7%	$6.69 — $7.30	-6% YoY	13
Next FY	$7.60 ▼ -1.4%	$7.01 — $8.45	8% YoY	14

Latest Reports

NEUTRAL 8-K 4/10

Aflac filed an 8-K disclosing a multi-tranche yen-denominated senior notes offering totaling ¥65.9 billion (~$440M USD e

Jun 5, 2026

NEUTRAL CLUSTER 2/10

AFLAC insiders sold $1.46M in open-market transactions over the past week, including the CFO of Aflac Japan and a 10% ow

Jun 2, 2026

Top Institutional Holders

Fund	Value	Move
VANGUARD GROUP INC	$6.3B	—
WELLS FARGO & COMPANY/MN	$1.2B	—
MORGAN STANLEY	$906.9M	—
NORGES BANK	$420.1M	NEW
CHARLES SCHWAB INVESTMENT MANAGEMENT	$342.1M	NEW

Recent Insider Trades

Date	Insider	Type	Value
Jun 3, 2026	Japan Post	SELL	$795.4K
Jun 2, 2026	Japan Post	SELL	$161.0K
Jun 1, 2026	Japan Post	SELL	$959.7K
May 29, 2026	Japan Post	SELL	$806.3K
May 28, 2026	Japan Post	SELL	$733.1K

10 institutional holders with $9.7B total value (88,103,655 shares) as of 2025-Q4. Top holders: VANGUARD, WELLS, MORGAN.

Top Institutional Holders — 2025-Q4

#	Fund	Shares	Value	% of Tracked	Last Move
1	VANGUARD GROUP INC	57,142,072	$6.3B	64.9%	—
2	WELLS FARGO & COMPANY/MN	10,824,883	$1.2B	12.3%	—
3	MORGAN STANLEY	8,224,483	$906.9M	9.3%	—
4	NORGES BANK	3,809,539	$420.1M	4.3%	NEW
5	CHARLES SCHWAB INVESTMENT MANAGEMENT INC	3,102,439	$342.1M	3.5%	NEW
6	BANK OF AMERICA CORP /DE/	2,659,722	$293.3M	3.0%	—
7	FMR LLC	1,360,762	$150.1M	1.5%	ADD +35.9%
8	TWO SIGMA INVESTMENTS, LP	629,183	$69.4M	0.7%	DOUBLED +402.9%
9	ARIEL INVESTMENTS, LLC	212,072	$23.4M	0.2%	TRIM -28.0%
10	RENAISSANCE TECHNOLOGIES LLC	138,500	$15.3M	0.2%	NEAR_EXIT -81.9%

Recent Position Changes

Fund	Action	Prev Shares	Curr Shares	Change %	Value	Quarter
NORGES BANK	NEW	—	3,809,539	—	$420.1M	2025-Q4
RENAISSANCE TECHNOLOGIES LLC	NEAR_EXIT	765,000	138,500	-81.9%	$15.3M	2025-Q4
UBS Group AG	TRIM	3,127,086	2,109,873	-32.5%	$235.7M	2025-Q3
FMR LLC	ADD	1,226,652	1,667,025	+35.9%	$186.2M	2025-Q3
RENAISSANCE TECHNOLOGIES LLC	ADD	420,600	765,000	+81.9%	$85.5M	2025-Q3
TWO SIGMA INVESTMENTS, LP	DOUBLED	130,008	653,853	+402.9%	$73.0M	2025-Q3
NORGES BANK	EXIT	4,098,246	0	-100.0%	$0.00	2025-Q3
NORGES BANK	NEW	—	4,098,246	—	$432.2M	2025-Q2
RENAISSANCE TECHNOLOGIES LLC	DOUBLED	47,900	420,600	+778.1%	$44.4M	2025-Q2
TWO SIGMA INVESTMENTS, LP	NEW	—	130,008	—	$13.7M	2025-Q2
CITADEL ADVISORS LLC	TRIM	1,660,562	1,171,847	-29.4%	$130.3M	2025-Q1
ARIEL INVESTMENTS, LLC	TRIM	304,585	219,423	-28.0%	$24.4M	2025-Q1
RENAISSANCE TECHNOLOGIES LLC	NEW	—	47,900	—	$5.3M	2025-Q1
NORGES BANK	EXIT	3,380,690	0	-100.0%	$0.00	2025-Q1
NORGES BANK	ADD	2,597,359	3,380,690	+30.2%	$349.7M	2024-Q4
CITADEL ADVISORS LLC	ADD	1,102,519	1,660,562	+50.6%	$171.8M	2024-Q4
RENAISSANCE TECHNOLOGIES LLC	EXIT	156,900	0	-100.0%	$0.00	2024-Q4
CHARLES SCHWAB INVESTMENT MANAGEMENT INC	NEW	—	3,179,562	—	$355.5M	2024-Q3

13 unique insiders with 35 transactions. Net insider value: -$53.7M ($0.00 bought, $53.7M sold).

Insider Transactions

Date	Insider	Title	Type	Shares	Price	Value
Jun 3, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	6,948	$114.48	$795.4K
Jun 2, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	1,431	$112.51	$161.0K
Jun 1, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	8,530	$112.51	$959.7K
May 29, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	7,164	$112.55	$806.3K
May 28, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	6,493	$112.90	$733.1K
May 27, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	6,957	$114.86	$799.1K
May 26, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	17,170	$117.01	$2.0M
May 22, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	30,920	$117.78	$3.6M
May 22, 2026	BEAVER STEVEN KENT	EVP, CFO Aflac Japan	SELL	5,508	$117.81	$648.9K
May 22, 2026	BEAVER STEVEN KENT	EVP, CFO Aflac Japan	M	5,508	$0.00	$0.00
May 22, 2026	BEAVER STEVEN KENT	EVP, CFO Aflac Japan	M	5,508	$35.52	$195.6K
May 21, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	1,300	$116.47	$151.4K
May 20, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	26,485	$117.54	$3.1M
May 19, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	35,804	$118.55	$4.2M
May 18, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	13,748	$118.16	$1.6M
May 15, 2026	KENNY THOMAS J	Director	SELL	1,740	$116.57	$202.8K
May 15, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	21,925	$116.81	$2.6M
May 14, 2026	Collins Arthur Reginald	Director	SELL	2,300	$116.55	$268.1K
May 14, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	24,500	$116.42	$2.9M
May 13, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	21,431	$115.25	$2.5M
May 12, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	5,961	$115.08	$686.0K
May 11, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	6,247	$114.02	$712.3K
May 8, 2026	MOSKOWITZ JOSEPH L	Director	SELL	600	$113.73	$68.2K
May 6, 2026	Hosoda Miwako	Director	SELL	243	$114.50	$27.8K
May 5, 2026	LAKE CHARLES D II	Chairman & Rep. Director, ALIJ	SELL	6,500	$113.43	$737.3K
May 5, 2026	Hosoda Miwako	Director	F	523	$114.46	$59.9K
May 5, 2026	Mori Nobuchika	Director	F	523	$114.46	$59.9K
May 4, 2026	BOWERS WILLIAM P	Director	A	3,795	$0.00	$0.00
May 4, 2026	Collins Arthur Reginald	Director	A	1,721	$0.00	$0.00
May 4, 2026	Forrester Michael A	Director	A	1,721	$0.00	$0.00
May 4, 2026	Hosoda Miwako	Director	A	1,721	$0.00	$0.00
May 4, 2026	KENNY THOMAS J	Director	A	1,721	$0.00	$0.00
May 4, 2026	Kiser Georgette D.	Director	A	1,721	$0.00	$0.00
May 4, 2026	Lloyd Karole	Director	A	1,721	$0.00	$0.00
May 4, 2026	Mori Nobuchika	Director	A	1,721	$0.00	$0.00
May 4, 2026	MOSKOWITZ JOSEPH L	Director	A	1,721	$0.00	$0.00
May 4, 2026	Rohrer Katherine	Director	A	1,721	$0.00	$0.00
May 4, 2026	Rohrer Katherine	Director	G	550	$0.00	$0.00
Apr 9, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	75,148	$113.19	$8.5M
Apr 8, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	21,691	$111.78	$2.4M
Apr 7, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	24,160	$110.45	$2.7M
Apr 6, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	21,155	$110.33	$2.3M
Apr 2, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	6,466	$109.80	$710.0K
Apr 1, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	13,993	$109.72	$1.5M
Mar 30, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	621	$107.07	$66.5K
Mar 27, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	7,336	$106.60	$782.0K
Mar 26, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	7,514	$107.79	$809.9K
Mar 25, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	14,200	$107.03	$1.5M
Mar 25, 2026	LAKE CHARLES D II	Chairman & Rep. Director, ALIJ	SELL	5,000	$107.27	$536.4K
Mar 24, 2026	Japan Post Holdings Co., Ltd.	10%+ Owner	SELL	14,000	$106.34	$1.5M

20 SEC filing reports analyzed. Sentiment: 0 bullish, 0 bearish, 0 mixed, 20 neutral. Avg impact: 2.6/10.

NEUTRAL 8-K 4/10

Aflac filed an 8-K disclosing a multi-tranche yen-denominated senior notes offering totaling ¥65.9 b

Jun 5, 2026

NEUTRAL CLUSTER 2/10

AFLAC insiders sold $1.46M in open-market transactions over the past week, including the CFO of Afla

Jun 2, 2026

NEUTRAL CLUSTER 2/10

AFLAC insiders sold a total of $1.38M in shares over a 7-day window, including the CFO of Aflac Japa

Jun 1, 2026

NEUTRAL CLUSTER 3/10

Aflac insiders sold a total of $1.45M in shares over a 7-day window, including the CFO of Aflac Japa

May 29, 2026

NEUTRAL CLUSTER 2/10

Aflac CFO of Japan exercised options and sold 5,508 shares for $649K on May 22, while 10% owner Japa

May 28, 2026

NEUTRAL CLUSTER 2/10

Aflac CFO Steven Beaver (Japan) exercised and immediately sold 5,508 shares ($649K) in a same-day st

May 27, 2026

NEUTRAL CLUSTER 2/10

Aflac's 10% owner Japan Post Holdings sold $3.79M of stock in two open-market sales over two days, w

May 27, 2026

NEUTRAL CLUSTER 2/10

Three insiders at Aflac (including two directors and a 10% owner) sold a total of ~$622K in shares o

May 26, 2026

NEUTRAL CLUSTER 2/10

Three insiders at Aflac (two directors and 10% owner Japan Post Holdings) sold a total of ~$3.58M in

May 22, 2026

NEUTRAL CLUSTER 2/10

Aflac insiders sold $4.72M in shares over a 7-day window, with 10% owner Japan Post Holdings account

May 21, 2026

NEUTRAL CLUSTER 3/10

A $2.10M insider selling cluster at Aflac involved two directors and its largest 10% owner (Japan Po

May 20, 2026

NEUTRAL CLUSTER 4/10

Four insiders sold a total of $3.1M in AFL stock over 7 days, led by a 10% owner (Japan Post Holding

May 19, 2026

NEUTRAL CLUSTER 3/10

Aflac insiders sold $3.19M in shares over a 7-day window, led by Japan Post Holdings (10% owner) sel

May 18, 2026

NEUTRAL 424B5 3/10

Aflac Inc. filed a preliminary prospectus supplement (424B5) for a multi-tranche offering of yen-den

May 18, 2026

NEUTRAL CLUSTER 2/10

Aflac insiders sold a total of $2.57M in open-market transactions over the past week, led by 10% own

May 15, 2026

NEUTRAL 8-K 4/10

Aflac issued $500 million of 5.150% Senior Notes due 2036 in a public offering under its existing sh

May 14, 2026

NEUTRAL CLUSTER 3/10

Aflac insiders sold $1.52M in stock over a 7-day window, including the Chairman of Aflac Japan and a

May 14, 2026

NEUTRAL CLUSTER 3/10

Four Aflac insiders sold a total of $1.55M in stock over the past week, including the Chairman and a

May 13, 2026

NEUTRAL 424B5 3/10

Aflac Inc. filed a preliminary prospectus supplement for an offering of senior notes of an undisclos

May 11, 2026

NEUTRAL EFFECT 2/10

Aflac's shelf registration (S-3) filed on April 23, 2026 for the resale of up to 51,636,945 shares b

May 4, 2026

∅

No press releases analyzed yet. Press releases are collected from GlobeNewsWire and analyzed by the LLM pipeline.

Current analyst consensus: Strong Sell (13% buy). Based on 23 analysts: 1 strong buy, 2 buy, 12 hold, 7 sell, 1 strong sell.

Analyst Price Targets

$112.43 mean target -4.9% upside Hold (3.07)

$99.00 Low $130.00 High

Metric	Value
Current Price	$118.24
Target Low	$99.00
Target Mean	$112.43
Target Median	$112.00
Target High	$130.00
# Analysts	14
Recommendation	Hold (3.07)

Earnings Estimates & Revisions

Period	EPS Avg	EPS Low	EPS High	EPS Growth	30d Rev.	Up/Down	Rev. Avg	Rev. Growth	Analysts
Current Q 2026-06-30	$1.77	$1.72	$1.83	-0.5%	-3.0%	0↑ 8↓	$4.2B	-6.5%	12
Next Q 2026-09-30	$1.79	$1.65	$1.91	-28.1%	-2.7%	1↑ 7↓	$4.2B	-3.8%	12
Current FY 2026-12-31	$7.04	$6.69	$7.30	-6.0%	-2.7%	1↑ 11↓	$17.0B	-3.1%	13
Next FY 2027-12-31	$7.60	$7.01	$8.45	8.0%	-1.4%	1↑ 10↓	$17.3B	1.6%	14

Current Quarter EPS Revision History

Timepoint	EPS Estimate	Change
Current	$1.772
7d ago	$1.770	+0.002
30d ago	$1.827	-0.056
60d ago	$1.872	-0.101
90d ago	$1.878	-0.106

10 analyst firms have rated this stock: 0 upgrades, 0 downgrades, 1 initiations.

Individual Analyst Actions

Date	Analyst Firm	Action	Previous Rating	New Rating
May 26, 2026	Piper Sandler	MAINTAIN	Overweight	Overweight
May 21, 2026	Morgan Stanley	MAINTAIN	Equal-Weight	Equal-Weight
May 5, 2026	Wells Fargo	MAINTAIN	Equal-Weight	Equal-Weight
May 1, 2026	Piper Sandler	MAINTAIN	Overweight	Overweight
Apr 30, 2026	Barclays	MAINTAIN	Underweight	Underweight
Apr 13, 2026	Mizuho	MAINTAIN	Underperform	Underperform
Apr 10, 2026	Keefe, Bruyette & Woods	MAINTAIN	Market Perform	Market Perform
Apr 10, 2026	Wells Fargo	MAINTAIN	Equal-Weight	Equal-Weight
Apr 9, 2026	UBS	MAINTAIN	Neutral	Neutral
Feb 25, 2026	Wells Fargo	MAINTAIN	Equal-Weight	Equal-Weight
Jan 8, 2026	Barclays	MAINTAIN	Underweight	Underweight
Jan 5, 2026	JP Morgan	MAINTAIN	Neutral	Neutral
Dec 30, 2025	Raymond James	MAINTAIN	Outperform	Outperform
Dec 22, 2025	TD Cowen	MAINTAIN	Hold	Hold
Dec 16, 2025	Mizuho	INITIATE	—	Underperform

Monthly Consensus History

Period	Strong Buy	Buy	Hold	Sell	Strong Sell	Buy %
Jun 1, 2026	1	2	12	7	1	13%
May 1, 2026	1	2	12	7	1	13%
Apr 1, 2026	1	2	11	7	1	14%
Mar 1, 2026	1	2	10	7	1	14%
Feb 1, 2026	1	2	10	7	1	14%
Jan 1, 2026	1	2	10	7	1	14%

Strong BuyBuyHoldSellStrong Sell

∅

No congressional trading data available for this ticker. Data is sourced from Senate and House financial disclosure filings.

∅

No Reddit sentiment data available yet. Sentiment is analyzed from Reddit investment communities on a rolling basis.

May 11, 2026

short_volume

Short Volume: AFL — 59.2% short (0.4M / 0.7M)

Short: 412,428 | Exempt: 386 | TRF Vol: 696,791 | Short Ratio: 59.2% | Off-exchange volume (dark pool + OTC)

May 11, 2026

dark_pool

Dark Pool: AFL — 2.0M shares, 61,858 trades

Week starting 2026-05-11. Total ATS volume: 1,950,635 shares across 61,858 trades.

May 4, 2026

short_volume

Short Volume: AFL — 70.8% short (0.6M / 0.8M)

Short: 559,539 | Exempt: 1,069 | TRF Vol: 790,556 | Short Ratio: 70.8% | Off-exchange volume (dark pool + OTC)

May 4, 2026

dark_pool

Dark Pool: AFL — 2.1M shares, 63,093 trades

Week starting 2026-05-04. Total ATS volume: 2,137,046 shares across 63,093 trades.

May 1, 2026

short_volume

Short Volume: AFL — 64.7% short (0.4M / 0.7M)

Short: 428,053 | Exempt: 1,320 | TRF Vol: 661,197 | Short Ratio: 64.7% | Off-exchange volume (dark pool + OTC)

Apr 30, 2026

short_volume

Short Volume: AFL — 63.1% short (0.7M / 1.1M)

Short: 689,004 | Exempt: 105 | TRF Vol: 1,092,176 | Short Ratio: 63.1% | Off-exchange volume (dark pool + OTC)

Apr 29, 2026

earnings_calendar

AFL Q1 2026 Earnings After Market Close — 2026-04-29

Apr 29, 2026

short_volume

Short Volume: AFL — 66.3% short (0.4M / 0.6M)

Short: 416,820 | Exempt: 0 | TRF Vol: 628,262 | Short Ratio: 66.3% | Off-exchange volume (dark pool + OTC)

Apr 28, 2026

short_volume

Short Volume: AFL — 66.6% short (0.4M / 0.6M)

Short: 398,533 | Exempt: 1 | TRF Vol: 598,280 | Short Ratio: 66.6% | Off-exchange volume (dark pool + OTC)

Apr 27, 2026

dark_pool

Dark Pool: AFL — 2.9M shares, 81,859 trades

Week starting 2026-04-27. Total ATS volume: 2,883,740 shares across 81,859 trades.

Apr 24, 2026

short_volume

Short Volume: AFL — 61.6% short (0.3M / 0.6M)

Short: 339,028 | Exempt: 0 | TRF Vol: 550,438 | Short Ratio: 61.6% | Off-exchange volume (dark pool + OTC)

Apr 22, 2026

short_volume

Short Volume: AFL — 63.3% short (0.4M / 0.6M)

Short: 390,805 | Exempt: 0 | TRF Vol: 617,533 | Short Ratio: 63.3% | Off-exchange volume (dark pool + OTC)

Apr 21, 2026

short_volume

Short Volume: AFL — 65.7% short (0.6M / 0.9M)

Short: 612,992 | Exempt: 494 | TRF Vol: 932,982 | Short Ratio: 65.7% | Off-exchange volume (dark pool + OTC)

Apr 20, 2026

dark_pool

Dark Pool: AFL — 2.2M shares, 57,433 trades

Week starting 2026-04-20. Total ATS volume: 2,245,609 shares across 57,433 trades.

Apr 17, 2026

short_volume

Short Volume: AFL — 55.4% short (0.4M / 0.8M)

Short: 425,561 | Exempt: 1,016 | TRF Vol: 768,185 | Short Ratio: 55.4% | Off-exchange volume (dark pool + OTC)