AFL AFLAC INC

NEUTRAL Impact: 2/10 S-3
Horizon weeks Filed Apr 23, 2026 Processed 1mo ago SEC 0001104659-26-047337
Shelf registration — potential dilution
Latest settled — T+20d
AFL ▲ +1.82% at T+20d
NEUTRAL call ✓ call won +1.82% · α vs SPY -2.81% · entry $115.12 → $117.22
Next anchor: T+60d in 5w
Currently $117.80 · +2.33% from $115.12 entry
Entry anchored
Apr 22, 03:59 PM ET
via Databento tick
T+1d
-0.43%
call -0.43% · α -1.22%
$114.62
settled 7w ago
T+5d
+0.95%
call +0.95% · α -0.53%
$116.21
settled 6w ago
T+20d
+1.82%
call +1.82% · α -2.81%
$117.22
settled 23d ago
T+60d
call — · α —
in 5w

Price Chart

Loading chart...

Executive Summary

Aflac Inc. filed a shelf registration (S-3) to allow its selling stockholder, J&A Alliance Holdings, to resell up to 51,636,945 shares of common stock. The company will not receive any proceeds from these sales, which are being conducted as part of an existing shareholder agreement with Japan Post. This is a routine registration update, not a new capital raise.

Key Financial Metrics

Offering Size
$1.9B

Actionable Insight

Monitor for prospectus supplements that may announce actual sales by the selling stockholder, which could create downward pressure on the stock price due to potential supply increase.

Key Facts

  • S-3 filing is for resale of up to 51,636,945 shares by selling stockholder J&A Alliance Holdings
  • Aflac will not receive any proceeds from the sale of these shares
  • The registration is required under a 2019 shareholder agreement with Japan Post
  • On April 22, 2026, AFL stock closed at $114.75 per share
  • Recent insider activity shows 10 sells totaling $21.4M in the past 30 days

Financial Impact

The maximum aggregate offering price is $1.88 billion based on the current market price, but Aflac receives no proceeds.

dilutionshare count

Risk Factors

  • Potential stock price pressure if the selling stockholder conducts large-scale sales
  • Market perception of insider selling could negatively impact sentiment

Market Snapshot

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

Documents Analyzed

This report is based on 7 SEC documents filed with EDGAR.

DocumentAccession Number
S-3 Filing (Primary)0001104659-26-047337
Document: tm2612130d1_ex-filingfees.htm0001104659-26-047337
Document: tm2612130d2_ex5-0.htm0001104659-26-047337
Document: tm2612130d2_ex23-0.htm0001104659-26-047337
Document: 0001104659-26-047337-index-headers.html0001104659-26-047337
Document: 0001104659-26-047337-index.html0001104659-26-047337
Document: 0001104659-26-047337.txt0001104659-26-047337
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
10d ago
Insider Cluster
NEUTRAL ★ 2/10
$113.63 $114.50▲ +0.77%▲ +1.46%$117.80 (+3.67%)
Jun 1, 2026
11d ago
Insider Cluster
NEUTRAL ★ 2/10
$112.11 $113.63▲ +1.36%▲ +1.21%$117.80 (+5.08%)
May 29, 2026
14d ago
Insider Cluster
NEUTRAL ★ 3/10
$112.42 $112.11▼ −0.28%▼ −0.55%$117.80 (+4.79%)
May 28, 2026
15d ago
8-K
NEUTRAL ★ 4/10
$112.42 $112.11▼ −0.28%▼ −0.53%$117.80 (+4.79%)
May 28, 2026
15d ago
Insider Cluster
NEUTRAL ★ 2/10
$112.63 $112.42▼ −0.19%▼ −0.43%$117.80 (+4.59%)
May 27, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
$112.63 $112.42▼ −0.19%▼ −0.43%$117.80 (+4.59%)
May 27, 2026
16d ago
Insider Cluster
NEUTRAL ★ 2/10
$114.85 $112.63▼ −1.93%▼ −2.48%$117.80 (+2.57%)
May 26, 2026
17d ago
Insider Cluster
NEUTRAL ★ 2/10
$116.82 $114.85▼ −1.69%▼ −1.70%$117.80 (+0.84%)
May 22, 2026
21d ago
Insider Cluster
NEUTRAL ★ 2/10
$117.86 $116.82▼ −0.88%▼ −1.47%$117.80 (−0.05%)
May 21, 2026
22d ago
Insider Cluster
NEUTRAL ★ 2/10
$117.81 $117.86▲ +0.04%▼ −0.40%$117.80 (−0.01%)
Showing 10 of 32

US Market Status

Market Closed — Opens Mon (49h 36m)

Subscribe to SecBot

Get Real-Time SEC Filing Intelligence

Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.

Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access