Turtle Creek Wealth Advisors LLC Acquires New Shares in Aflac Incorporated (NYSE:AFL)

Turtle Creek Wealth Advisors LLC bought a new stake in Aflac Incorporated (NYSE:AFL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 37,619 shares of the financial services provider's stock, valued at approximately $3,104,000.

Other institutional investors have also recently bought and sold shares of the company. Baystate Wealth Management LLC raised its stake in shares of Aflac by 24.1% during the 3rd quarter. Baystate Wealth Management LLC now owns 675 shares of the financial services provider's stock worth $52,000 after purchasing an additional 131 shares in the last quarter. Dominguez Wealth Management Solutions Inc. raised its stake in shares of Aflac by 0.5% during the 3rd quarter. Dominguez Wealth Management Solutions Inc. now owns 24,969 shares of the financial services provider's stock worth $1,916,000 after purchasing an additional 132 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Aflac by 2.3% during the 3rd quarter. Brighton Jones LLC now owns 6,156 shares of the financial services provider's stock worth $472,000 after purchasing an additional 136 shares in the last quarter. MV Capital Management Inc. raised its stake in shares of Aflac by 3.7% during the 3rd quarter. MV Capital Management Inc. now owns 3,779 shares of the financial services provider's stock worth $290,000 after purchasing an additional 136 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its stake in shares of Aflac by 4.9% during the 4th quarter. Simon Quick Advisors LLC now owns 2,950 shares of the financial services provider's stock worth $243,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 67.44% of the company's stock.

Aflac Stock Performance

NYSE AFL traded down $1.98 on Tuesday, reaching $83.16. The stock had a trading volume of 2,500,466 shares, compared to its average volume of 2,218,614. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.06 and a quick ratio of 0.06. The firm has a fifty day moving average of $81.82 and a two-hundred day moving average of $81.29. Aflac Incorporated has a 1-year low of $64.06 and a 1-year high of $86.26. The company has a market cap of $47.85 billion, a P/E ratio of 10.99, a price-to-earnings-growth ratio of 2.33 and a beta of 0.91.

Aflac (NYSE:AFL - Get Free Report) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.47 by ($0.22). The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $4.44 billion. Aflac had a return on equity of 17.59% and a net margin of 24.92%. During the same period last year, the company posted $1.29 earnings per share. On average, equities research analysts anticipate that Aflac Incorporated will post 6.43 EPS for the current year.

Insider Transactions at Aflac

In other news, Director Thomas J. Kenny sold 5,000 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total transaction of $423,100.00. Following the sale, the director now directly owns 17,920 shares of the company's stock, valued at approximately $1,516,390.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Thomas J. Kenny sold 5,000 shares of the company's stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $84.62, for a total transaction of $423,100.00. Following the completion of the sale, the director now directly owns 17,920 shares in the company, valued at approximately $1,516,390.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Albert Riggieri sold 8,000 shares of the company's stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $83.34, for a total value of $666,720.00. Following the sale, the senior vice president now owns 32,825 shares of the company's stock, valued at $2,735,635.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 46,493 shares of company stock valued at $3,765,706. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

AFL has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Aflac from $90.00 to $95.00 and gave the company an "overweight" rating in a research note on Friday. Wells Fargo & Company increased their price target on Aflac from $82.00 to $83.00 and gave the company an "equal weight" rating in a research note on Tuesday, February 6th. Evercore ISI cut Aflac from an "in-line" rating to an "underperform" rating and increased their price target for the company from $76.00 to $78.00 in a research note on Thursday, January 4th. StockNews.com upgraded Aflac from a "sell" rating to a "hold" rating in a research note on Thursday, March 28th. Finally, Morgan Stanley dropped their price target on Aflac from $85.00 to $80.00 and set an "equal weight" rating on the stock in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Aflac has an average rating of "Hold" and an average price target of $81.58.

Aflac Company 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.