Aflac Incorporated (NYSE: AFL) stock observed trading -5.96% off 52-week high price. On the other end, the stock has been noted 29.74% away from low price over the last 52-weeks. The stock disclosed a move of -0.89% away from 50 day moving average and 10.27% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.63% off 20-day moving average. It has market cap of $40907.68M and dividend yield of 2.01%.
On July 25, 2019, Aflac Incorporated (NYSE: AFL) reported its second quarter results.
Total revenues were $5.5 billion during the second quarter of 2019, compared with $5.6 billion in the second quarter of 2018. Net earnings were $817 million, or $1.09 per diluted share, compared with $832 million, or $1.07 per diluted share a year ago.
Net earnings in the second quarter of 2019 included pretax net realized investment losses of $33 million, or $0.04 per diluted share, compared with pretax net gains of $35 million, or $0.04 per diluted share a year ago. Included in those net losses were $2 million of losses related to impairments and loan loss reserve changes. Pretax net realized losses also included $11 million in losses from changes in the fair value of equity securities and $45 million of losses from certain derivatives and foreign currency activities, as well as a $25 million gain from sales and redemptions.
The average yen/dollar exchange rate* in the second quarter of 2019 was 109.94, or 0.7% weaker than the average rate of 109.14 in the second quarter of 2018. For the first six months, the average exchange rate was 110.09, or 1.3% weaker than the rate of 108.61 a year ago.
Adjusted earnings* in the second quarter were $846 million, compared with $835 million in the second quarter of 2018. Adjusted earnings included $12 million of pretax variable investment income on alternative investments, which was $9 million above expectations. Adjusted earnings per diluted share* increased 5.6% to $1.13 in the quarter. The weaker yen/dollar exchange rate impacted adjusted earnings per diluted share by $0.01. Adjusted earnings per diluted share excluding the impact of foreign currency* increased 6.5% to $1.14.
For the first six months of 2019, total revenues were up 1.0% to $11.2 billion, compared with $11.1 billion in the first half of 2018. Net earnings were $1.7 billion, or $2.32 per diluted share, compared with $1.6 billion, or $1.98 per diluted share, for the first six months of 2018. Adjusted earnings for the first half of 2019 were $1.7 billion, or $2.25 per diluted share, compared with $1.7 billion, or $2.12 per diluted share, in 2018. Adjusted earnings included $18 million of variable investment income on alternative investments, which was $13 million above expectations. Excluding the negative impact of $0.02 per share from the weaker yen/dollar exchange rate, adjusted earnings per diluted share increased 7.1% for the first six months of 2019.
Total investments and cash at the end of June 2019 were $136.6 billion, compared with $127.9 billion at June 30, 2018. In the second quarter, Aflac Incorporated repurchased $357 million, or 6.9 million of its common shares. At the end of June, the company had 51.9 million remaining shares authorized for repurchase.
The USA based company Aflac Incorporated moved with change of -0.28% to $53.77 with the total traded volume of 3157390 shares in recent session versus to an average volume of 2930.3K. The stock was observed in the 5 days activity at -4.20%.The one month performance of stock was -2.15%. AFL’s shares are at 9.33% for the quarter and driving a 23.10% return over the course of the past year and is now at 18.02% since this point in 2018. Right now the stock beta is 0.7. The average volatility for the week and month was at 1.88% and 1.27% respectively. There are 760.79M shares outstanding and 735.42M shares are floated in market.
Anthony Bell is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 8 years of investment experience, an M.B.A. and is also certified in Risk Management Assurance. Anthony is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.
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