Aflac Insider Sells $1.9 Million in Shares

Major shareholder Post Holdings Co. Ltd. Japan reduces stake in insurance company

Mar. 17, 2026 at 8:19am

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Aflac Incorporated (NYSE:AFL) major shareholder Post Holdings Co. Ltd. Japan sold 17,900 shares of the company's stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $109.60, for a total value of $1,961,840.00. Following the completion of the sale, the insider now owns 52,150,100 shares in the company, valued at approximately $5,715,650,960.

Why it matters

Insider selling can sometimes signal that a major shareholder is losing confidence in a company's future prospects. However, in this case, the shareholder still maintains a very large stake in Aflac, suggesting the sale may have been for other financial reasons rather than a lack of faith in the company.

The details

Post Holdings Co. Ltd. Japan has been steadily reducing its stake in Aflac over the past week, selling a total of 90,700 shares at an average price of around $110 per share. This represents a 0.03% decrease in their ownership of the stock. Aflac is a major insurance provider known for its supplemental health and life insurance products.

  • On Thursday, March 12th, Post Holdings Co. Ltd. Japan sold 17,900 shares.
  • On Wednesday, March 11th, Post Holdings Co. Ltd. Japan sold 18,100 shares.
  • On Tuesday, March 10th, Post Holdings Co. Ltd. Japan sold 19,000 shares.
  • On Monday, March 9th, Post Holdings Co. Ltd. Japan sold 17,300 shares.
  • On Friday, March 6th, Post Holdings Co. Ltd. Japan sold 19,100 shares.

The players

Post Holdings Co. Ltd. Japan

A major shareholder of Aflac Incorporated, owning over 52 million shares in the insurance company.

Aflac Incorporated

A major insurance provider known for its supplemental health and life insurance products.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

What’s next

The transaction was disclosed in a filing with the Securities & Exchange Commission, and major shareholders that own 10% or more of a company's shares are required to disclose their trades.

The takeaway

While insider selling can sometimes raise concerns, in this case the major shareholder still maintains a very large stake in Aflac. The sale may have been for other financial reasons rather than a lack of confidence in the company's prospects.