Aflac Falls as Investors Weigh Softer Q2 Trends and Post-Earnings Target Cuts

Aflac Incorporated (AFL) is down 4.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is continued fallout from Aflac’s recent second-quarter report, which showed lower adjusted earnings, pressure from currency, and softer underlying trends in Japan. The pullback may also reflect analysts trimming price targets after the report, which can weigh on sentiment even when the company remains profitable.

Details:

Aflac reported second-quarter 2026 adjusted earnings of $883 million, down 7.7% from a year earlier, while adjusted earnings per share slipped 1.7% to $1.75.

The company said a weaker yen reduced adjusted earnings per share by $0.05 in the quarter, an important issue because Japan is a major part of Aflac’s business.

In Japan, net earned premiums fell 3.7% in yen terms, and new annualized premium sales declined 5.6%, which points to softer momentum in a key market.

After the earnings release, at least some Wall Street firms reduced their price targets, adding to pressure on a stock that had been trading near recent highs.

Sources:

Aflac Investor Relations, SEC, Yahoo Finance

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$AFL Insider Trading Activity

$AFL insiders have traded $AFL stock on the open market 139 times in the past 6 months. Of those trades, 0 have been purchases and 139 have been sales.

Here’s a breakdown of recent trading of $AFL stock by insiders over the last 6 months:

POST HOLDINGS CO., LTD. JAPAN has made 0 purchases and 128 sales selling 1,455,310 shares for an estimated $166,231,853.
CHARLES D II LAKE (Chairman & Rep. Director, ALIJ) has made 0 purchases and 2 sales selling 20,590 shares for an estimated $2,250,173.
MASATOSHI KOIDE (Pres. and Rep. Director, ALIJ) sold 15,431 shares for an estimated $1,696,329
JOSEPH L MOSKOWITZ has made 0 purchases and 3 sales selling 12,970 shares for an estimated $1,516,083.
STEVEN KENT BEAVER (EVP, CFO Aflac Japan) has made 0 purchases and 2 sales selling 12,895 shares for an estimated $1,487,912.
ARTHUR REGINALD COLLINS sold 2,300 shares for an estimated $268,065
THOMAS J KENNY sold 1,740 shares for an estimated $202,831
MIWAKO HOSODA sold 243 shares for an estimated $27,823

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$AFL Hedge Fund Activity

We have seen 736 institutional investors add shares of $AFL stock to their portfolio, and 777 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 3,146,482 shares (+inf%) to their portfolio in Q2 2026, for an estimated $368,925,014
JPMORGAN CHASE & CO added 2,706,452 shares (+inf%) to their portfolio in Q2 2026, for an estimated $317,331,497
WELLS FARGO & COMPANY/MN removed 1,912,631 shares (-18.1%) from their portfolio in Q2 2026, for an estimated $224,255,984
NORDEA INVESTMENT MANAGEMENT AB removed 1,883,681 shares (-96.8%) from their portfolio in Q2 2026, for an estimated $220,861,597
JAPAN POST HOLDINGS CO., LTD. removed 1,401,510 shares (-2.7%) from their portfolio in Q2 2026, for an estimated $164,327,047
BLACKROCK, INC. removed 1,290,259 shares (-3.6%) from their portfolio in Q2 2026, for an estimated $151,282,867
GOLDMAN SACHS GROUP INC added 1,192,763 shares (+28.9%) to their portfolio in Q2 2026, for an estimated $139,851,461

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$AFL Congressional Stock Trading

Members of Congress have traded $AFL stock 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $AFL stock by members of Congress over the last 6 months:

SENATOR ALAN ARMSTRONG purchased up to $15,000 on 03/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$AFL Analyst Ratings

Wall Street analysts have issued reports on $AFL in the last several months. We have seen 0 firms issue buy ratings on the stock, and 1 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Underweight" rating on 04/30/2026

To track analyst ratings and price targets for $AFL, check out Quiver Quantitative's $AFL forecast page.

$AFL Price Targets

Multiple analysts have issued price targets for $AFL recently. We have seen 8 analysts offer price targets for $AFL in the last 6 months, with a median target of $117.5.

Here are some recent targets:

Wesley Carmichael from Wells Fargo set a target price of $120.0 on 07/09/2026
Michael Ward from UBS set a target price of $124.0 on 07/08/2026
Alex Scott from Barclays set a target price of $98.0 on 07/07/2026
Paul Newsome from Piper Sandler set a target price of $130.0 on 05/26/2026
Nigel Dally from Morgan Stanley set a target price of $125.0 on 05/21/2026
Yaron Kinar from Mizuho set a target price of $102.0 on 04/13/2026
Ryan Krueger from Keefe, Bruyette & Woods set a target price of $115.0 on 04/10/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.