Equities research analysts expect American Financial Group Inc (NYSE:AFG) to report $1.95 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for American Financial Group’s earnings. The highest EPS estimate is $2.02 and the lowest is $1.84. 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 11%. The firm is scheduled to issue its next earnings results on Tuesday, October 29th.
On average, analysts expect that American Financial Group will report full year earnings of $8.65 per share for the current year, with EPS estimates ranging from $8.60 to $8.75. For the next financial year, analysts anticipate that the business will report earnings of $9.08 per share, with EPS estimates ranging from $8.85 to $9.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for American Financial Group.
American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $2.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.11. American Financial Group had a return on equity of 13.39% and a net margin of 9.29%. The business had revenue of $1.20 billion during the quarter. During the same period in the prior year, the business earned $2.04 EPS. The company’s quarterly revenue was up 3.4% compared to the same quarter last year.
Several research analysts recently weighed in on the company. Zacks Investment Research raised American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 target price for the company in a research note on Wednesday, August 14th. Buckingham Research raised American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 target price for the company in a research note on Thursday, June 13th. Finally, ValuEngine raised American Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th.
AFG stock traded up $0.84 during trading hours on Monday, hitting $105.83. 20,088 shares of the stock traded hands, compared to its average volume of 356,764. The stock has a 50-day simple moving average of $101.62 and a 200 day simple moving average of $100.69. American Financial Group has a one year low of $84.18 and a one year high of $114.65. The company has a market cap of $9.43 billion, a P/E ratio of 12.65, a P/E/G ratio of 1.97 and a beta of 0.84. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.23.
In other news, Director William W. Verity sold 1,200 shares of the company’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $104.07, for a total transaction of $124,884.00. Following the completion of the sale, the director now directly owns 6,678 shares of the company’s stock, valued at $694,979.46. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carl H. Lindner III sold 100,000 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $103.81, for a total value of $10,381,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,565 shares of company stock valued at $10,745,388. 11.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in American Financial Group by 3,170.6% in the 1st quarter. Quadrant Capital Group LLC now owns 556 shares of the insurance provider’s stock worth $53,000 after acquiring an additional 539 shares in the last quarter. Vigilant Capital Management LLC purchased a new stake in American Financial Group in the 2nd quarter worth about $59,000. Blue Sky Asset Management LLC purchased a new stake in American Financial Group in the 1st quarter worth about $71,000. Altshuler Shaham Ltd purchased a new stake in American Financial Group in the 2nd quarter worth about $90,000. Finally, FMR LLC lifted its stake in American Financial Group by 26.4% in the 1st quarter. FMR LLC now owns 1,057 shares of the insurance provider’s stock worth $101,000 after acquiring an additional 221 shares in the last quarter. 64.19% of the stock is owned by institutional investors and hedge funds.
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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