Turtle Creek Wealth Advisors LLC Purchases 6,768 Shares of Aflac Incorporated $AFL

Turtle Creek Wealth Advisors LLC increased its position in Aflac Incorporated (NYSE:AFL) by 8.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,476 shares of the financial services provider’s stock after purchasing an additional 6,768 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Aflac were worth $9,268,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Aflac by 13.4% during the 4th quarter. Vanguard Group Inc. now owns 57,142,072 shares of the financial services provider’s stock valued at $6,301,056,000 after buying an additional 6,759,169 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Aflac by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,483,205 shares of the financial services provider’s stock worth $494,385,000 after acquiring an additional 69,025 shares in the last quarter. Legal & General Group Plc lifted its position in Aflac by 0.3% during the 3rd quarter. Legal & General Group Plc now owns 3,926,777 shares of the financial services provider’s stock valued at $438,621,000 after acquiring an additional 13,666 shares during the period. Norges Bank purchased a new position in Aflac during the 4th quarter valued at about $420,078,000. Finally, Amundi boosted its stake in Aflac by 1.3% during the fourth quarter. Amundi now owns 2,664,783 shares of the financial services provider’s stock worth $293,846,000 after acquiring an additional 32,907 shares in the last quarter. 67.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Aflac

In other news, major shareholder Post Holdings Co. Ltd. Japan sold 27,845 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $116.71, for a total transaction of $3,249,789.95. Following the transaction, the insider directly owned 50,898,490 shares of the company’s stock, valued at $5,940,362,767.90. This represents a 0.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Joseph L. Moskowitz sold 12,370 shares of the company’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $116.54, for a total value of $1,441,599.80. Following the transaction, the director directly owned 33,310 shares in the company, valued at approximately $3,881,947.40. The trade was a 27.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 1,042,771 shares of company stock worth $120,575,104. Company insiders own 0.80% of the company’s stock.

Aflac Stock Up 1.9%

NYSE:AFL opened at $120.73 on Friday. The firm has a market cap 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. Aflac Incorporated has a fifty-two week low of $96.95 and a fifty-two week high of $120.88. The firm has a 50-day simple moving average of $116.18 and a two-hundred day simple moving average of $112.84.

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

Aflac Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AFL shares. Weiss Ratings raised shares of Aflac from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, June 15th. Mizuho set a $104.00 price target on Aflac in a research report on Monday, May 4th. Wells Fargo & Company cut their price target on Aflac from $116.00 to $111.00 and set an “equal weight” rating on the stock in a research note on Tuesday, May 5th. Piper Sandler reaffirmed an “overweight” rating and set a $130.00 price objective (up from $125.00) on shares of Aflac in a research report on Tuesday, May 26th. Finally, Evercore upgraded Aflac from a “strong sell” rating to a “strong-buy” rating in a research note on Thursday, April 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $112.27.

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.