Turtle Creek Wealth Advisors LLC Increases Stake in Aflac Incorporated (NYSE:AFL)

Turtle Creek Wealth Advisors LLC boosted its stake in shares of Aflac Incorporated (NYSE:AFL) by 1.4% during the 3rd quarter, Holdings Channel reports. The firm owned 57,763 shares of the financial services provider’s stock after acquiring an additional 789 shares during the quarter. Aflac comprises approximately 1.3% of Turtle Creek Wealth Advisors LLC’s investment portfolio, making the stock its 20th largest position. Turtle Creek Wealth Advisors LLC’s holdings in Aflac were worth $6,458,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Y.D. More Investments Ltd purchased a new stake in shares of Aflac during the second quarter valued at $25,000. Covestor Ltd grew its stake in Aflac by 41.8% during the 3rd quarter. Covestor Ltd now owns 363 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 107 shares during the last quarter. Kennebec Savings Bank purchased a new position in Aflac during the 3rd quarter worth approximately $45,000. Catalyst Capital Advisors LLC acquired a new position in Aflac during the third quarter valued at $51,000. Finally, Valued Wealth Advisors LLC boosted its stake in shares of Aflac by 116.7% in the third quarter. Valued Wealth Advisors LLC now owns 479 shares of the financial services provider’s stock worth $54,000 after buying an additional 258 shares during the last quarter. Institutional investors and hedge funds own 67.44% of the company’s stock.

Analyst Upgrades and Downgrades

AFL has been the subject of several recent research reports. Citigroup lifted their target price on shares of Aflac from $84.00 to $93.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Bank of America upped their price target on Aflac from $115.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. UBS Group raised their price objective on Aflac from $84.00 to $109.00 and gave the company a “neutral” rating in a report on Wednesday, August 14th. Barclays began coverage on shares of Aflac in a research note on Wednesday, September 4th. They issued an “underweight” rating and a $96.00 price target on the stock. Finally, Truist Financial upped their price objective on shares of Aflac from $100.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $97.93.

Aflac Price Performance

AFL stock traded up $1.64 during trading on Friday, reaching $111.32. 2,895,295 shares of the company were exchanged, compared to its average volume of 2,230,304. Aflac Incorporated has a 52-week low of $75.07 and a 52-week high of $115.50. The stock’s 50 day moving average price is $110.41 and its 200 day moving average price is $99.48. The company has a market cap of $61.84 billion, a P/E ratio of 16.77, a PEG ratio of 2.13 and a beta of 0.96. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.08 and a current ratio of 0.08.

Aflac (NYSE:AFL) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.47. The business had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Aflac had a return on equity of 16.34% and a net margin of 22.02%. The business’s revenue was down 40.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 earnings per share. As a group, analysts predict that Aflac Incorporated will post 7.22 earnings per share for the current fiscal year.

Aflac Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Wednesday, November 20th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 1.80%. Aflac’s payout ratio is currently 30.12%.

Aflac Profile

Aflac Incorporated, through its subsidiaries, provides supplemental health and life insurance products. The company operates through Aflac Japan and Aflac U.S. segments. The Aflac Japan segment offers cancer, medical, nursing care, work leave, GIFT, and whole and term life insurance products, as well as WAYS and child endowment plans under saving type insurance products in Japan.