$1.68 EPS Expected for American Financial Group, Inc. (NYSE:AFG) This Quarter
Equities analysts predict that American Financial Group, Inc. (NYSE:AFG) will announce earnings of $1.68 per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Financial Group’s earnings, with the highest EPS estimate coming in at $1.73 and the lowest estimate coming in at $1.60. American Financial Group posted earnings per share of $1.51 in the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that American Financial Group will report full-year earnings of $6.80 per share for the current fiscal year, with EPS estimates ranging from $6.70 to $6.90. For the next fiscal year, analysts forecast that the company will post earnings of $6.75 per share, with EPS estimates ranging from $6.70 to $6.80. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover American Financial Group.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, beating the consensus estimate of $1.30 by $0.31. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. American Financial Group had a return on equity of 11.75% and a net margin of 11.89%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.28 earnings per share.
Several brokerages have weighed in on AFG. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 price target on the stock in a report on Monday. BidaskClub upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $93.67.
Shares of American Financial Group (NYSE AFG) traded down 0.19% during midday trading on Tuesday, reaching $104.67. The company had a trading volume of 395,540 shares. The company’s 50 day moving average price is $100.86 and its 200-day moving average price is $96.39. American Financial Group has a 52 week low of $73.17 and a 52 week high of $105.58. The company has a market capitalization of $9.17 billion, a P/E ratio of 11.80 and a beta of 0.83.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were issued a dividend of $0.3125 per share. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.25 annualized dividend and a yield of 1.19%. American Financial Group’s dividend payout ratio (DPR) is 14.06%.
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In other American Financial Group news, CEO S Craig Lindner sold 11,178 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $98.30, for a total transaction of $1,098,797.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carl H. Lindner III sold 95,405 shares of the company’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $98.68, for a total value of $9,414,565.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 375,791 shares of company stock worth $37,654,427. 13.70% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of American Financial Group by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,934 shares of the insurance provider’s stock valued at $2,379,000 after buying an additional 400 shares during the period. Breton Hill Capital Ltd. increased its position in American Financial Group by 31.7% in the first quarter. Breton Hill Capital Ltd. now owns 10,052 shares of the insurance provider’s stock worth $959,000 after buying an additional 2,417 shares during the last quarter. IFP Advisors Inc increased its position in American Financial Group by 66.9% in the first quarter. IFP Advisors Inc now owns 3,760 shares of the insurance provider’s stock worth $359,000 after buying an additional 1,507 shares during the last quarter. Russell Investments Group Ltd. increased its position in American Financial Group by 17.9% in the first quarter. Russell Investments Group Ltd. now owns 104,148 shares of the insurance provider’s stock worth $9,941,000 after buying an additional 15,811 shares during the last quarter. Finally, First Quadrant L P CA increased its position in American Financial Group by 5.2% in the first quarter. First Quadrant L P CA now owns 217,481 shares of the insurance provider’s stock worth $20,752,000 after buying an additional 10,728 shares during the last quarter. Institutional investors own 62.33% of the company’s stock.
About American Financial Group
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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