BlackRock Amends Aflac Stake, Maintains Passive Position

Ticker: AFL · Form: SC 13G/A · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investing, amendment, insurance

TL;DR

**BlackRock just updated its Aflac holdings, still a big passive investor.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 26, 2024, disclosing its ownership of AFLAC INC common stock as of December 31, 2023. This filing, Amendment No. 8, indicates BlackRock's continued significant passive stake in the insurance giant. This matters to investors because BlackRock is a major institutional investor, and its holdings can signal confidence or changes in its investment strategy for AFLAC, potentially influencing other investors.

Why It Matters

This filing confirms BlackRock's ongoing substantial, but passive, investment in AFLAC, suggesting stability in its institutional ownership structure. It's important for investors to know who the major shareholders are and if their positions are changing.

Risk Assessment

Risk Level: low — This is a routine update from a large institutional investor, indicating no immediate significant change in investment strategy or control.

Analyst Insight

Smart investors should note that BlackRock's continued passive stake suggests no immediate activist pressure or major divestment, indicating a stable institutional ownership base for AFLAC. This filing is a routine update, not a signal for immediate action, but confirms a major player's ongoing presence.

Key Players & Entities

Forward-Looking Statements

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8)'.

Who is the reporting person in this filing?

The reporting person is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' and '(1)Names of reporting persons. BlackRock, Inc.'.

Which company's securities are being reported on?

The securities of AFLAC INCORPORATED are being reported on, as indicated by '(Name of Issuer) AFLAC INCORPORATED' and 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AFLAC INC'.

What was the date of the event that triggered this filing?

The date of the event which requires the filing of this statement was December 31, 2023, as specified by '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-004631.txt : 20240126 0001086364-24-004631.hdr.sgml : 20240126 20240126162344 ACCESSION NUMBER: 0001086364-24-004631 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240126 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: AFLAC INC CENTRAL INDEX KEY: 0000004977 STANDARD INDUSTRIAL CLASSIFICATION: ACCIDENT & HEALTH INSURANCE [6321] ORGANIZATION NAME: 02 Finance IRS NUMBER: 581167100 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-18808 FILM NUMBER: 24568144 BUSINESS ADDRESS: STREET 1: 1932 WYNNTON RD CITY: COLUMBUS STATE: GA ZIP: 31999 BUSINESS PHONE: 7063233431 MAIL ADDRESS: STREET 1: 1932 WYNNTON ROAD CITY: COLUMBUS STATE: GA ZIP: 31999 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FAMILY CORP DATE OF NAME CHANGE: 19920306 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us0010551028_012624.txt us0010551028_012624.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 8) AFLAC INCORPORATED -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 001055102 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 001055102 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 38238081 (6) Shared voting power 0 (7) Sole dispositive power 42164887 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 42164887 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 7.2% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- AFLAC INCORPORATED Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 1932 WYNNTON ROAD COLUMBUS GA 31999 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or,

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