American Financial Group Inc (NYSE:AFG) Expected to Post Earnings of $1.97 Per Share

Equities analysts expect that American Financial Group Inc (NYSE:AFG) will report earnings per share of $1.97 for the current fiscal quarter, Zacks reports. Zero analysts have made estimates for American Financial Group’s earnings, with the lowest EPS estimate coming in at $1.84 and the highest estimate coming in at $2.05. American Financial Group posted earnings of $2.19 per share during the same quarter last year, which would indicate a negative year over year growth rate of 10%. The business is expected to announce its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that American Financial Group will report full year earnings of $8.62 per share for the current fiscal year, with EPS estimates ranging from $8.50 to $8.75. For the next year, analysts forecast that the business will post earnings of $9.00 per share, with EPS estimates ranging from $8.60 to $9.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that follow American Financial Group.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 6th. The insurance provider reported $2.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. The firm had revenue of $1.20 billion for the quarter. American Financial Group had a net margin of 9.29% and a return on equity of 13.39%. The firm’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.04 EPS.

Several research analysts have commented on the stock. Buckingham Research upgraded shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a report on Thursday, June 13th. Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price objective on the stock in a research report on Wednesday. Finally, ValuEngine raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.

Shares of NYSE:AFG traded up $1.44 during trading hours on Friday, hitting $99.70. 366,900 shares of the company’s stock traded hands, compared to its average volume of 329,874. American Financial Group has a 52 week low of $84.18 and a 52 week high of $114.65. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.15 and a current ratio of 0.15. The company’s fifty day simple moving average is $103.20 and its two-hundred day simple moving average is $100.14. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 11.87, a price-to-earnings-growth ratio of 1.86 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were issued a $0.40 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. American Financial Group’s dividend payout ratio is 19.05%.

In related news, CEO Carl H. Lindner III sold 100,000 shares of American Financial Group stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $103.81, for a total value of $10,381,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William W. Verity sold 1,200 shares of American Financial Group stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $104.07, for a total value of $124,884.00. Following the completion of the transaction, the director now directly owns 6,678 shares of the company’s stock, valued at $694,979.46. The disclosure for this sale can be found here. Insiders sold 205,401 shares of company stock valued at $21,083,827 over the last ninety days. 11.90% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the business. Nordea Investment Management AB raised its holdings in American Financial Group by 101.0% during the 1st quarter. Nordea Investment Management AB now owns 421,064 shares of the insurance provider’s stock worth $40,511,000 after purchasing an additional 211,586 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of American Financial Group by 1.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 12,782 shares of the insurance provider’s stock valued at $1,309,000 after acquiring an additional 234 shares during the last quarter. Crossmark Global Holdings Inc. increased its stake in shares of American Financial Group by 8.9% in the 1st quarter. Crossmark Global Holdings Inc. now owns 7,359 shares of the insurance provider’s stock valued at $708,000 after acquiring an additional 600 shares during the last quarter. Walthausen & Co. LLC increased its stake in shares of American Financial Group by 7.3% in the 1st quarter. Walthausen & Co. LLC now owns 63,839 shares of the insurance provider’s stock valued at $6,142,000 after acquiring an additional 4,350 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of American Financial Group by 63.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 189,511 shares of the insurance provider’s stock valued at $19,419,000 after acquiring an additional 73,212 shares during the last quarter. 62.99% of the stock is owned by hedge funds and other institutional investors.

About American Financial Group

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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