Turtle Creek Wealth Advisors LLC Grows Stock Holdings in Aflac Incorporated $AFL

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Aflac Incorporated (NYSE:AFL) by 8.7% during the first quarter, Holdings Channel reports. The firm owned 84,476 shares of the financial services provider’s stock after purchasing an additional 6,768 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Aflac were worth $9,268,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. DNB Asset Management AS boosted its stake in shares of Aflac by 51.3% during the 4th quarter. DNB Asset Management AS now owns 168,003 shares of the financial services provider’s stock worth $18,526,000 after acquiring an additional 56,975 shares during the last quarter. BIP Wealth LLC increased its stake in shares of Aflac by 348.3% in the 4th quarter. BIP Wealth LLC now owns 55,723 shares of the financial services provider’s stock worth $6,145,000 after purchasing an additional 43,293 shares in the last quarter. Employees Retirement System of Texas bought a new position in Aflac in the 4th quarter worth $3,743,000. Nordea Investment Management AB lifted its position in Aflac by 5.5% during the fourth quarter. Nordea Investment Management AB now owns 1,866,471 shares of the financial services provider’s stock valued at $206,712,000 after purchasing an additional 97,766 shares in the last quarter. Finally, Dorato Capital Management purchased a new position in Aflac during the fourth quarter valued at $20,865,000. Hedge funds and other institutional investors own 67.44% of the company’s stock.

Insider Activity

In related news, Director Joseph L. Moskowitz sold 12,370 shares of Aflac stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.54, for a total transaction of $1,441,599.80. Following the sale, the director owned 33,310 shares of the company’s stock, valued at approximately $3,881,947.40. This trade represents a 27.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $116.71, for a total value of $3,249,789.95. Following the completion of the transaction, the insider directly owned 50,898,490 shares in the company, valued at approximately $5,940,362,767.90. This represents a 0.05% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,042,771 shares of company stock valued at $120,575,104 in the last quarter. 0.80% of the stock is currently owned by company insiders.

Aflac Trading Up 1.9%

Shares of Aflac stock opened at $120.73 on Friday. The company has a market capitalization of $61.45 billion, a P/E ratio of 13.70, a P/E/G ratio of 2.07 and a beta of 0.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.11 and a current ratio of 0.11. The company has a fifty day moving average of $116.18 and a 200 day moving average of $112.84. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $120.88.

Aflac (NYSE:AFL) last posted its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.80 by ($0.05). The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.20 billion. Aflac had a net margin of 25.60% and a return on equity of 13.88%. Aflac’s revenue was up 27.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.66 earnings per share. On average, sell-side analysts anticipate that Aflac Incorporated will post 7.09 earnings per share for the current fiscal year.

Aflac Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Wednesday, May 20th were given a dividend of $0.61 per share. The ex-dividend date was Wednesday, May 20th. This represents a $2.44 annualized dividend and a dividend yield of 2.0%. Aflac’s dividend payout ratio (DPR) is currently 27.70%.

Analyst Ratings Changes

AFL has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped their price target on Aflac from $113.00 to $115.00 and gave the stock a “market perform” rating in a research report on Friday, April 10th. Wells Fargo & Company lowered their price objective on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 5th. UBS Group cut their price objective on Aflac from $116.00 to $114.00 and set a “neutral” rating for the company in a research note on Thursday, April 9th. Weiss Ratings raised shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, June 15th. Finally, Piper Sandler reissued an “overweight” rating and issued a $130.00 target price (up from $125.00) on shares of Aflac in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, six have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Aflac currently has a consensus rating of “Hold” and an average price target of $112.27.

Aflac Company Profile

Aflac Incorporated (American Family Life Assurance Company of Columbus) is a provider of supplemental insurance products designed to help policyholders manage out-of-pocket health care and living expenses. The company underwrites a range of individual and group policies that typically pay cash benefits directly to insureds when covered events occur, enabling greater financial flexibility for medical treatment, hospital stays, critical illness, and related costs. Aflac’s product mix includes supplemental health insurance, life insurance and other specialty coverages intended to complement primary medical plans.

Founded in the mid-20th century and headquartered in Columbus, Georgia, Aflac distributes its products through a combination of employer-sponsored programs, independent brokers and agents, and direct marketing.