American Financial Group Inc (NYSE:AFG) – Stock analysts at Langen Mcalenn lifted their Q2 2019 earnings per share (EPS) estimates for shares of American Financial Group in a research note issued on Monday, November 5th. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $2.05 for the quarter, up from their prior forecast of $2.00. Langen Mcalenn also issued estimates for American Financial Group’s Q4 2019 earnings at $2.57 EPS and FY2019 earnings at $8.65 EPS.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.31. American Financial Group had a net margin of 9.98% and a return on equity of 15.37%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the firm earned $1.06 EPS. The company’s revenue for the quarter was up 4.7% on a year-over-year basis.
Shares of American Financial Group stock opened at $106.49 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.15 and a quick ratio of 0.15. American Financial Group has a 1 year low of $98.22 and a 1 year high of $121.69. The company has a market cap of $9.42 billion, a P/E ratio of 11.95, a P/E/G ratio of 1.00 and a beta of 0.84.
The business also recently disclosed a special dividend, which will be paid on Monday, November 26th. Investors of record on Friday, November 16th will be given a dividend of $1.50 per share. The ex-dividend date is Thursday, November 15th. American Financial Group’s dividend payout ratio is currently 24.43%.
In other American Financial Group news, CEO Carl H. Lindner III sold 181,000 shares of American Financial Group stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $113.49, for a total value of $20,541,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Carl H. Lindner III sold 119,448 shares of American Financial Group stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $111.58, for a total transaction of $13,328,007.84. The disclosure for this sale can be found here. Insiders sold a total of 318,169 shares of company stock valued at $35,862,424 over the last ninety days. 14.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in AFG. BerganKDV Wealth Management LLC purchased a new stake in American Financial Group in the 2nd quarter worth approximately $110,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its stake in American Financial Group by 25,000.0% in the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock worth $111,000 after acquiring an additional 1,000 shares during the period. FMR LLC purchased a new stake in American Financial Group in the 3rd quarter worth approximately $113,000. Checchi Capital Advisers LLC purchased a new stake in American Financial Group in the 3rd quarter worth approximately $203,000. Finally, First Hawaiian Bank purchased a new stake in American Financial Group in the 3rd quarter worth approximately $211,000. 61.97% of the stock is owned by hedge funds and other institutional investors.
About American Financial Group
American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; 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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