American Financial Group Inc (AFG) Expected to Post Quarterly Sales of $1.33 Billion

Wall Street analysts expect American Financial Group Inc (NYSE:AFG) to report sales of $1.33 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Financial Group’s earnings. The highest sales estimate is $1.37 billion and the lowest is $1.28 billion. American Financial Group reported sales of $1.66 billion in the same quarter last year, which indicates a negative year over year growth rate of 19.9%. The company is expected to issue its next earnings results on Wednesday, May 1st.

On average, analysts expect that American Financial Group will report full year sales of $5.50 billion for the current year, with estimates ranging from $5.37 billion to $5.63 billion. For the next fiscal year, analysts expect that the firm will post sales of $5.74 billion, with estimates ranging from $5.57 billion to $5.91 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow American Financial Group.

American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.84 by ($0.09). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. American Financial Group had a return on equity of 14.92% and a net margin of 7.41%. American Financial Group’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.20 earnings per share.

Several equities analysts recently issued reports on the company. Keefe, Bruyette & Woods assumed coverage on American Financial Group in a research report on Thursday, January 10th. They issued a “market perform” rating and a $107.00 price objective for the company. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd.

In other American Financial Group news, CEO Carl H. Lindner III sold 28,668 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total transaction of $2,610,221.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Evans sold 8,000 shares of the company’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $99.17, for a total value of $793,360.00. Following the transaction, the director now directly owns 137,309 shares of the company’s stock, valued at approximately $13,616,933.53. The disclosure for this sale can be found here. Insiders sold a total of 39,281 shares of company stock valued at $3,655,427 over the last quarter. 13.70% of the stock is owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Lavaca Capital LLC acquired a new position in American Financial Group during the 4th quarter worth approximately $27,000. Oppenheimer Asset Management Inc. bought a new stake in shares of American Financial Group during the 4th quarter worth approximately $37,000. Fort L.P. bought a new stake in shares of American Financial Group during the 4th quarter worth approximately $46,000. Enlightenment Research LLC bought a new stake in shares of American Financial Group during the 4th quarter worth approximately $63,000. Finally, Honkamp Krueger Financial Services Inc. bought a new stake in shares of American Financial Group during the 3rd quarter worth approximately $111,000. 63.68% of the stock is owned by hedge funds and other institutional investors.

Shares of American Financial Group stock traded up $0.52 during trading on Tuesday, hitting $97.41. 937,766 shares of the company were exchanged, compared to its average volume of 385,268. The firm has a market capitalization of $8.62 billion, a P/E ratio of 11.60, a PEG ratio of 2.17 and a beta of 0.89. American Financial Group has a 1-year low of $84.18 and a 1-year high of $117.50. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26.

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.

Further Reading: What is an Initial Public Offering (IPO)?

Get a free copy of the Zacks research report on American Financial Group (AFG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for American Financial Group (NYSE:AFG)

Receive News & Ratings for American Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.