American Financial Group Inc Forecasted to Earn Q1 2018 Earnings of $1.89 Per Share (AFG)
American Financial Group Inc (NYSE:AFG) – Langen Mcalenn issued their Q1 2018 EPS estimates for American Financial Group in a note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg anticipates that the insurance provider will post earnings per share of $1.89 for the quarter. Langen Mcalenn also issued estimates for American Financial Group’s Q2 2018 earnings at $1.85 EPS, Q3 2018 earnings at $2.16 EPS and Q4 2018 earnings at $2.44 EPS.
A number of other research analysts have also recently issued reports on the company. ValuEngine raised American Financial Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America lifted their price target on American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Thursday, January 18th. Finally, Sandler O’Neill reissued a “buy” rating and set a $119.00 price objective on shares of American Financial Group in a report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. American Financial Group currently has a consensus rating of “Buy” and an average price target of $116.75.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $1.98 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year.
Several institutional investors have recently bought and sold shares of AFG. Cerebellum GP LLC acquired a new position in shares of American Financial Group during the 4th quarter worth about $111,000. Dai Ichi Life Insurance Company Ltd acquired a new position in shares of American Financial Group during the 3rd quarter worth about $201,000. Signition LP acquired a new position in shares of American Financial Group during the 4th quarter worth about $204,000. Strategic Global Advisors LLC acquired a new position in shares of American Financial Group during the 3rd quarter worth about $207,000. Finally, Checchi Capital Advisers LLC acquired a new position in shares of American Financial Group during the 3rd quarter worth about $211,000. Institutional investors own 61.29% of the company’s stock.
In other American Financial Group news, Director Virginia Drosos sold 1,438 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the sale, the director now directly owns 8,034 shares of the company’s stock, valued at approximately $837,223.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 252,438 shares of company stock valued at $26,973,714 over the last three months. Company insiders own 14.90% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.40 annualized dividend and a yield of 1.27%. American Financial Group’s dividend payout ratio is currently 26.42%.
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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