American Financial Group (NYSE:AFG) Issues Earnings Results, Beats Estimates By $0.06 EPS

American Financial Group (NYSE:AFG) issued its quarterly earnings data on Thursday. The insurance provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.70 by $0.06, Briefing.com reports. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.56%. During the same quarter in the prior year, the firm earned $2.89 EPS.

American Financial Group Stock Down 0.2 %

Shares of AFG traded down $0.27 during trading hours on Friday, hitting $127.41. The stock had a trading volume of 246,863 shares, compared to its average volume of 273,413. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $129.98 and a 200-day simple moving average of $121.09. The firm has a market capitalization of $10.68 billion, a P/E ratio of 12.19 and a beta of 0.79. American Financial Group has a 1-year low of $105.22 and a 1-year high of $137.71.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were paid a $0.71 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 annualized dividend and a dividend yield of 2.23%. American Financial Group’s dividend payout ratio is presently 27.18%.

Analyst Upgrades and Downgrades

AFG has been the subject of a number of research reports. Piper Sandler reiterated a “neutral” rating and issued a $129.00 price target on shares of American Financial Group in a research note on Monday, April 1st. Citigroup increased their target price on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $133.50.

Insider Activity

In other news, SVP Michelle A. Gillis sold 5,176 shares of the firm’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the sale, the senior vice president now directly owns 45,372 shares in the company, valued at approximately $5,490,012. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Lehman John I. Von sold 1,773 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total value of $222,476.04. Following the transaction, the director now owns 12,343 shares of the company’s stock, valued at approximately $1,548,799.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Michelle A. Gillis sold 5,176 shares of the firm’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the transaction, the senior vice president now directly owns 45,372 shares in the company, valued at approximately $5,490,012. The disclosure for this sale can be found here. Insiders sold a total of 14,843 shares of company stock worth $1,854,746 in the last three months. Company insiders own 14.50% of the company’s stock.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general 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 lending and leasing institutions, fidelity and surety products, and trade credit insurance.