This cluster is too small in dollar terms to indicate informed selling at a $60B insurer. Monitor Japan Post's continued selling pattern — but at current pace it is likely a portfolio rebalancing, not a bearish signal. No trade recommendation based on this cluster alone.
Price Chart
Executive Summary
A $2.10M insider selling cluster at Aflac involved two directors and its largest 10% owner (Japan Post Holdings). The bulk of the selling ($1.62M) came from Japan Post, which has been a steady seller over the past month. The two director sales ($471K combined) are small relative to a $60.3B market cap. The cluster follows two recent debt offerings under the shelf registration, which the calibration data identifies as an amplifier pattern, but the dollar amounts are immaterial at ~0.003% of market cap.
Key Financial Metrics
Key Facts
- Japan Post Holdings (10% owner) sold $1.62M in open-market sales on May 14, 15, and 18, part of a consistent selling pattern ($11.5M total over 30 days)
- Directors Kenny and Collins sold $203K and $268K respectively — routine diversification-sized sales
- Total cluster value of $2.10M represents ~0.003% of Aflac's $60.3B market cap — a trivial proportion
- Two 424B5 shelf-takedown filings for yen-denominated senior notes occurred within the past 9 days, but involve debt, not equity dilution
- No open-market purchases by any insider in the cluster
Financial Impact
Cluster value of $2.10M equals 0.003% of market cap — immaterial
Risk Factors
- Continued selling by Japan Post could pressure sentiment if it accelerates
- Debt offering proceeds deployed in a value-destructive manner would be negative, but insiders' selling is not signaling that here
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AFL-1779318767977 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 6w ago | Insider Cluster | $116.51 $117.55 | ▲ +0.89% | ▲ +2.41% | $110.81 (−4.89%) |
Aug 18, 2026 6w ago | Insider Cluster | $121.73 $117.38 | ▼ −3.57% | ▼ −2.58% | $110.81 (−8.97%) |
Aug 17, 2026 6w ago | Insider Cluster | $120.98 $117.01 | ▼ −3.28% | ▼ −1.76% | $110.81 (−8.41%) |
Aug 14, 2026 7w ago | Insider Cluster | $121.45 $117.01 | ▼ −3.66% | ▼ −1.66% | $110.81 (−8.76%) |
Aug 8, 2026 7w ago | Institutional Cluster | $121.94 $115.16 | ▼ −5.56% | ▼ −4.65% | $110.81 (−9.13%) |
Aug 6, 2026 8w ago | Press Release | $124.61 $117.21 | ▼ −5.94% | ▼ −5.54% | $110.81 (−11.07%) |
Jun 30, 2026 13w ago | 8-K | $117.25 $126.56 | ▼ −7.94% | ▼ −8.97% | $110.81 (+5.49%) |
Jun 24, 2026 14w ago | Insider Cluster | $117.75 $123.58 | ▲ +4.95% | ▲ +3.02% | $110.81 (−5.89%) |
Jun 24, 2026 14w ago | S-3ASR | $117.75 $123.58 | ▲ +4.95% | ▲ +3.02% | $110.81 (−5.89%) |
Jun 2, 2026 17w ago | Insider Cluster | $113.63 $118.49 | ▲ +4.28% | ▲ +5.84% | $110.81 (−2.48%) |
US Market Status
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