Wall Street brokerages expect American Financial Group Inc (NYSE:AFG) to announce earnings of $2.21 per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for American Financial Group’s earnings. The highest EPS estimate is $2.22 and the lowest is $2.21. American Financial Group posted earnings per share of $1.75 during the same quarter last year, which would suggest a positive year-over-year growth rate of 26.3%. The firm is expected to issue its next earnings report on Wednesday, January 29th.
On average, analysts expect that American Financial Group will report full year earnings of $8.60 per share for the current fiscal year. For the next financial year, analysts anticipate that the firm will report earnings of $8.95 per share, with EPS estimates ranging from $8.85 to $9.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that follow American Financial Group.
American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 29th. The insurance provider reported $2.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.30. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.31 billion. American Financial Group had a return on equity of 12.83% and a net margin of 8.43%. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same period last year, the business posted $2.19 earnings per share.
In related news, CEO S Craig Lindner sold 15,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $108.64, for a total value of $1,629,600.00. Also, Director James E. Evans sold 4,440 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $108.09, for a total value of $479,919.60. Following the completion of the transaction, the director now directly owns 116,666 shares in the company, valued at approximately $12,610,427.94. The disclosure for this sale can be found here. Insiders sold 6,228,757 shares of company stock worth $39,629,463 in the last quarter. 11.90% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Metropolitan Life Insurance Co NY grew its stake in shares of American Financial Group by 2.6% during the third quarter. Metropolitan Life Insurance Co NY now owns 20,807 shares of the insurance provider’s stock valued at $2,244,000 after buying an additional 527 shares during the last quarter. Man Group plc raised its stake in American Financial Group by 10.7% during the third quarter. Man Group plc now owns 212,136 shares of the insurance provider’s stock valued at $22,878,000 after buying an additional 20,420 shares in the last quarter. Voloridge Investment Management LLC lifted its holdings in American Financial Group by 16.3% during the 3rd quarter. Voloridge Investment Management LLC now owns 19,747 shares of the insurance provider’s stock worth $2,130,000 after buying an additional 2,762 shares during the last quarter. GQ Asset Management LLC bought a new position in American Financial Group during the 3rd quarter worth approximately $318,000. Finally, Public Employees Retirement System of Ohio grew its position in shares of American Financial Group by 0.3% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 47,280 shares of the insurance provider’s stock worth $5,099,000 after acquiring an additional 138 shares in the last quarter. 63.80% of the stock is currently owned by institutional investors and hedge funds.
Shares of AFG stock opened at $109.82 on Monday. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.35 and a beta of 0.85. The company’s fifty day simple moving average is $107.84 and its two-hundred day simple moving average is $104.26. American Financial Group has a 1 year low of $84.18 and a 1 year high of $111.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.16 and a quick ratio of 0.16.
The firm also recently disclosed a None dividend, which was paid on Monday, November 25th. Investors of record on Friday, November 15th were given a $1.80 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio (DPR) is 21.43%.
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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