Clark Capital Trims Stake in Aflac by 25%

Institutional investor sells 157,386 shares of the insurance provider

Mar. 15, 2026 at 9:51am

Got story updates? Submit your updates here. ›

Clark Capital Management Group Inc. reduced its stake in Aflac Incorporated (NYSE:AFL) by 25.1% during the third quarter, according to a filing with the Securities and Exchange Commission. The institutional investor now owns 468,833 shares of the financial services provider's stock, valued at $52,369,000.

Why it matters

Insider and institutional trading activity can provide insights into market sentiment and potential future performance of a stock. While the sale by Clark Capital represents a relatively small portion of Aflac's outstanding shares, it may signal a shift in the investment firm's outlook on the company.

The details

According to the filing, Clark Capital Management sold 157,386 shares of Aflac stock during the third quarter. The firm now owns a 0.09% stake in the insurance provider. Several other large investors also modified their Aflac holdings during the quarter, with the Bank of Nova Scotia boosting its position by 155.4% and AQR Capital Management LLC adding over 1.1 million shares.

  • Clark Capital Management sold the Aflac shares during the third quarter of 2025.

The players

Clark Capital Management Group Inc.

An institutional investment management firm that has reduced its stake in Aflac Incorporated.

Aflac Incorporated

A major insurance provider and financial services company.

Got photos? Submit your photos here. ›

The takeaway

This transaction highlights the shifting investment landscape around Aflac, as some institutional investors appear to be taking a more cautious stance on the stock despite its long-term growth potential. Analysts will be closely watching for any further changes in major shareholder positions and what that could signal about the company's near-term outlook.