Equities research analysts expect American Financial Group Inc (NYSE:AFG) to post earnings per share (EPS) of $2.21 for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for American Financial Group’s earnings. The lowest EPS estimate is $2.21 and the highest is $2.22. American Financial Group reported earnings per share of $1.75 in the same quarter last year, which suggests a positive year over year growth rate of 26.3%. The firm is expected to announce its next earnings results on Wednesday, January 29th.
On average, analysts expect that American Financial Group will report full-year earnings of $8.60 per share for the current financial year. For the next year, analysts expect that the firm will post earnings of $8.95 per share, with EPS estimates ranging from $8.85 to $9.10. Zacks’ EPS averages are a mean average based on a survey of research firms that cover American Financial Group.
American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, October 29th. The insurance provider reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.30. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.31 billion. American Financial Group had a return on equity of 12.83% and a net margin of 8.43%. American Financial Group’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.19 earnings per share.
Separately, ValuEngine downgraded American Financial Group from a “hold” rating to a “sell” rating in a research note on Thursday, December 5th.
In other American Financial Group news, CEO Carl H. Lindner III sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $107.31, for a total value of $21,462,000.00. Also, insider Mckeon Brett sold 6,000,000 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $2.51, for a total value of $15,060,000.00. 11.90% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Carroll Financial Associates Inc. bought a new stake in shares of American Financial Group in the 3rd quarter worth approximately $29,000. Enterprise Financial Services Corp increased its holdings in American Financial Group by 70.8% in the third quarter. Enterprise Financial Services Corp now owns 480 shares of the insurance provider’s stock valued at $52,000 after buying an additional 199 shares in the last quarter. Signaturefd LLC increased its holdings in American Financial Group by 72.2% in the third quarter. Signaturefd LLC now owns 575 shares of the insurance provider’s stock valued at $62,000 after buying an additional 241 shares in the last quarter. FMR LLC increased its holdings in American Financial Group by 26.4% in the first quarter. FMR LLC now owns 1,057 shares of the insurance provider’s stock valued at $101,000 after buying an additional 221 shares in the last quarter. Finally, Cerebellum GP LLC purchased a new position in American Financial Group in the third quarter valued at about $111,000. 63.79% of the stock is currently owned by institutional investors.
Shares of AFG stock traded down $0.63 on Wednesday, hitting $110.02. 45,891 shares of the stock were exchanged, compared to its average volume of 303,595. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $9.98 billion, a PE ratio of 13.10, a P/E/G ratio of 2.27 and a beta of 0.84. American Financial Group has a one year low of $89.03 and a one year high of $111.86. The firm’s 50 day moving average is $109.56 and its two-hundred day moving average is $105.25.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Wednesday, January 15th will be paid a $0.45 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $1.80 annualized dividend and a yield of 1.64%. American Financial Group’s dividend payout ratio is currently 21.43%.
American Financial Group Company Profile
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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