Aflac Incorporated (NYSE:AFL) stock observed trading -6.86% off 52-week high price. On the other end, the stock has been noted 28.50% away from low price over the last 52-weeks. The stock disclosed a move of 3.37% away from 50 day moving average and 4.08% away from 200 day moving average. Moving closer, we can see that shares have been trading 2.20% off 20-day moving average. It has market cap of $39432.64M and dividend yield of 2.03%.
On Oct. 24, 2019, Aflac Incorporated (NYSE:AFL) reported its third quarter results.
Total revenues were $5.5 billion during the third quarter of 2019, compared with $5.6 billion in the third quarter of 2018. Net earnings were $777 million, or $1.04 per diluted share, compared with $845 million, or $1.09 per diluted share a year ago.
Net earnings in the third quarter of 2019 included pretax net realized investment losses of $119 million, or $0.16 per diluted share, compared with pretax net gains of $88 million, or $0.11 per diluted share a year ago. Included in those net losses were $18 million of losses related to impairments and loan loss reserve changes. Pretax net realized losses also included $18 million in gains from changes in the fair value of equity securities and $91 million of losses from certain derivatives and foreign currency activities, as well as a $28 million loss from sales and redemptions.
The average yen/dollar exchange rate* in the third quarter of 2019 was 107.31, or 3.9% stronger than the average rate of 111.48 in the third quarter of 2018. For the first nine months, the average exchange rate was 109.16, or 0.3% stronger than the rate of 109.54 a year ago.
Adjusted earnings* in the third quarter were $863 million, compared with $792 million in the third quarter of 2018, reflecting an increase of 9.0%. Adjusted earnings included $25 million related to a partial call of a concentrated exposure. It also included $11 million of pretax variable investment income on alternative investments, of which $8 million was above expectations. Adjusted earnings per diluted share* increased 12.6% to $1.16 in the quarter. The stronger yen/dollar exchange rate impacted adjusted earnings per diluted share by $0.02. Adjusted earnings per diluted share excluding the impact of foreign currency* increased 10.7% to $1.14.
The USA based company Aflac Incorporated moved with change of 1.33% to $53.26 with the total traded volume of 2749845 shares in recent session versus to an average volume of 3395.17K. The stock was observed in the 5 days activity at 1.04%. The one month performance of stock was 2.60%. AFL’s shares are at 0.57% for the quarter and driving a 24.73% return over the course of the past year and is now at 16.90% since this point in 2018. Right now the stock beta is 0.71. The average volatility for the week and month was at 1.12% and 1.24% respectively. There are 740.38M shares outstanding and 699.48M shares are floated in market.
Bob Rodriguez – Category – Business
Bob Rodriguez possesses over 7 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. He is a self-taught investor and follows the value investing approach to picking stocks. Bob 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. Bob currently covers Business News category for our site.
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