American Financial Group Inc (NYSE:AFG) – Research analysts at Langen Mcalenn issued their Q4 2017 earnings per share estimates for shares of American Financial Group in a report released on Tuesday. Langen Mcalenn analyst L. Greenberg anticipates that the insurance provider will post earnings per share of $1.67 for the quarter. Langen Mcalenn also issued estimates for American Financial Group’s FY2018 earnings at $8.10 EPS.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.21. The company had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. American Financial Group’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.51 earnings per share.

Several other brokerages have also recently issued reports on AFG. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 target price on the stock in a research report on Thursday. Sandler O’Neill reaffirmed a “buy” rating and set a $119.00 target price on shares of American Financial Group in a research report on Wednesday, January 10th.

American Financial Group (NYSE:AFG) opened at $109.61 on Thursday. The stock has a market capitalization of $9,681.83, a P/E ratio of 14.07, a P/E/G ratio of 1.19 and a beta of 0.85. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group has a 1 year low of $85.57 and a 1 year high of $110.24.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in American Financial Group by 2.8% in the second quarter. Vanguard Group Inc. now owns 6,700,258 shares of the insurance provider’s stock worth $665,805,000 after purchasing an additional 182,739 shares during the last quarter. BlackRock Inc. boosted its position in American Financial Group by 9.7% in the second quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock worth $644,783,000 after purchasing an additional 572,969 shares during the last quarter. State Street Corp boosted its position in American Financial Group by 22.8% in the second quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock worth $262,481,000 after purchasing an additional 490,781 shares during the last quarter. Investec Asset Management LTD boosted its position in American Financial Group by 1.6% in the third quarter. Investec Asset Management LTD now owns 1,171,186 shares of the insurance provider’s stock worth $121,159,000 after purchasing an additional 18,292 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its position in American Financial Group by 1.9% in the third quarter. Allianz Asset Management GmbH now owns 1,037,666 shares of the insurance provider’s stock worth $107,347,000 after purchasing an additional 19,832 shares during the last quarter. 61.41% of the stock is currently owned by institutional investors and hedge funds.

In other American Financial Group news, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Virginia Drosos sold 1,438 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $104.21, for a total value of $149,853.98. Following the completion of the transaction, the director now directly owns 8,034 shares in the company, valued at approximately $837,223.14. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 201,438 shares of company stock worth $21,166,854. 14.90% of the stock is owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Monday, January 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.28%. American Financial Group’s payout ratio is 17.97%.

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American Financial Group Company Profile

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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