Turtle Creek Wealth Advisors LLC Has $7.83 Million Stock Position in Aflac Incorporated $AFL

Turtle Creek Wealth Advisors LLC lifted its position in shares of Aflac Incorporated (NYSE:AFL) by 9.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,128 shares of the financial services provider’s stock after purchasing an additional 6,188 shares during the quarter. Turtle Creek Wealth Advisors LLC’s holdings in Aflac were worth $7,833,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AFL. True Wealth Design LLC boosted its stake in Aflac by 188.5% during the third quarter. True Wealth Design LLC now owns 225 shares of the financial services provider’s stock worth $25,000 after buying an additional 147 shares in the last quarter. Mid American Wealth Advisory Group Inc. bought a new position in shares of Aflac during the 2nd quarter worth about $26,000. Chilton Capital Management LLC acquired a new stake in shares of Aflac during the 2nd quarter valued at about $26,000. Whipplewood Advisors LLC increased its stake in Aflac by 1,526.7% in the second quarter. Whipplewood Advisors LLC now owns 244 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 229 shares during the period. Finally, Hilltop National Bank acquired a new position in Aflac in the second quarter worth about $32,000. 67.44% of the stock is currently owned by institutional investors.

Insider Transactions at Aflac

In other news, EVP Frederic Jean Guy Simard sold 1,722 shares of Aflac stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $112.50, for a total value of $193,725.00. Following the completion of the sale, the executive vice president directly owned 1,364 shares of the company’s stock, valued at approximately $153,450. This trade represents a 55.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Joseph L. Moskowitz sold 1,000 shares of the business’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $114.00, for a total value of $114,000.00. Following the sale, the director owned 23,615 shares of the company’s stock, valued at approximately $2,692,110. The trade was a 4.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 31,766 shares of company stock worth $3,549,706 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Evercore ISI upped their price objective on Aflac from $110.00 to $111.00 and gave the company an “underperform” rating in a research note on Friday, November 7th. TD Cowen boosted their price target on Aflac from $100.00 to $102.00 and gave the company a “hold” rating in a research note on Monday, December 22nd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Aflac in a research note on Monday, December 22nd. Mizuho initiated coverage on shares of Aflac in a research note on Tuesday, December 16th. They issued an “underperform” rating and a $104.00 target price on the stock. Finally, Morgan Stanley set a $120.00 target price on shares of Aflac in a report on Monday, December 15th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $110.67.

Aflac Price Performance

Shares of AFL stock opened at $109.57 on Tuesday. Aflac Incorporated has a 52 week low of $96.95 and a 52 week high of $115.83. The stock has a market capitalization of $57.42 billion, a PE ratio of 14.30, a PEG ratio of 3.21 and a beta of 0.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.11 and a current ratio of 0.11. The stock’s fifty day moving average is $110.38 and its 200-day moving average is $107.88.

Aflac (NYSE:AFL) last issued its quarterly earnings results on Tuesday, November 4th. The financial services provider reported $2.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.72. Aflac had a net margin of 23.55% and a return on equity of 14.97%. The business had revenue of $4.41 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same quarter in the prior year, the company earned $2.16 EPS. The firm’s quarterly revenue was up 59.4% on a year-over-year basis. Equities research analysts expect that Aflac Incorporated will post 6.88 EPS for the current fiscal year.

Aflac Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Wednesday, February 18th will be given a $0.61 dividend. This is a boost from Aflac’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, February 18th. This represents a $2.44 annualized dividend and a yield of 2.2%. Aflac’s dividend payout ratio is presently 30.29%.

Aflac 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.