AFLAC INC
At today's price, AFLAC INC (AFL) is priced for 14.1% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
Aflac is a supplemental health and life insurer with most of its business in Japan (58% of the mix) and the rest in the US (42%). Valued the way insurers are, off the return on capital, the price of $115.49 reads as about 2x book, implying a sustained ROE near 13.6% against the roughly 12.4% it has recently earned (and a 16.4% adjusted ROE excluding currency effects in Q1). The Japan engine reaccelerated in Q1 2026, with sales up 25.5% on new products like the Miraito cancer line and Anshin Pal
Is AFL overvalued? See what's priced in →
1,613 institutional managers reported holding AFL in 13F filings for the quarter ended 2026-03-31. Together they hold about 66% of the company; the top 10 hold 41%. 91 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 10.6M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (4.1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
AFL has cut its share count 24.3% over the past five years, spending $13.98B on repurchases. It pays a dividend, and has paid one every year in our records (18 and counting), raised 17 years straight; the current rate is $2.35 a share annually. Cash returned over the past three years: $3.06B in dividends and $8.98B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at AFL over the trailing three years: 2024: 3 buys totaling $191k. 20 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
AFL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +5.4% | -0.8% |
| 2023-11-03 | +4.6% | +0.6% |
| 2024-02-23 | -11.1% | +4.0% |
| 2024-05-03 | +0.5% | +7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
AFL's latest 8-K filings: 2026-06-30 (items 8.01); 2026-05-28 (items 8.01, 9.01); 2026-05-14 (items 8.01, 9.01); 2026-05-07 (items 5.07); 2026-04-29 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.