Brokerages Expect American Financial Group (AFG) to Announce $1.81 Earnings Per Share

Equities analysts expect that American Financial Group (NYSE:AFG) will report earnings of $1.81 per share for the current quarter, Zacks reports. Two analysts have made estimates for American Financial Group’s earnings, with estimates ranging from $1.79 to $1.83. American Financial Group reported earnings of $1.61 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The firm is expected to report its next quarterly earnings report on Tuesday, August 7th.

On average, analysts expect that American Financial Group will report full year earnings of $8.43 per share for the current fiscal year, with EPS estimates ranging from $8.35 to $8.60. For the next fiscal year, analysts forecast that the business will post earnings of $8.63 per share, with EPS estimates ranging from $8.45 to $8.90. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover American Financial Group.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Wednesday, May 2nd. The insurance provider reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.44. American Financial Group had a net margin of 6.76% and a return on equity of 12.37%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the firm earned $1.69 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis.

AFG has been the topic of several analyst reports. ValuEngine downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Monday, April 9th. Finally, Bank of America boosted their target price on shares of American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. American Financial Group currently has an average rating of “Hold” and a consensus price target of $117.00.

American Financial Group traded down $0.16, hitting $111.33, during trading hours on Friday, MarketBeat.com reports. 296,800 shares of the stock traded hands, compared to its average volume of 330,266. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.15 and a quick ratio of 0.15. American Financial Group has a 1 year low of $95.19 and a 1 year high of $121.69. The company has a market capitalization of $9.93 billion, a P/E ratio of 17.00, a P/E/G ratio of 0.94 and a beta of 0.78.

The business also recently announced a None dividend, which will be paid on Friday, May 25th. Stockholders of record on Tuesday, May 15th will be issued a $1.50 dividend. This represents a dividend yield of 1.26%. The ex-dividend date of this dividend is Monday, May 14th. American Financial Group’s dividend payout ratio (DPR) is presently 21.37%.

In related news, Director Gregory G. Joseph bought 500 shares of the stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $113.50 per share, with a total value of $56,750.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John B. Berding sold 5,285 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $113.58, for a total transaction of $600,270.30. Following the completion of the transaction, the insider now directly owns 59,585 shares in the company, valued at approximately $6,767,664.30. The disclosure for this sale can be found here. Insiders sold 35,285 shares of company stock worth $3,915,970 in the last three months. Insiders own 14.90% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Prana Capital Management LP purchased a new position in shares of American Financial Group in the fourth quarter worth $8,451,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of American Financial Group in the fourth quarter worth $3,115,000. Guggenheim Capital LLC lifted its holdings in shares of American Financial Group by 37.3% in the fourth quarter. Guggenheim Capital LLC now owns 117,124 shares of the insurance provider’s stock worth $12,712,000 after buying an additional 31,822 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of American Financial Group by 10.5% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,785 shares of the insurance provider’s stock worth $628,000 after buying an additional 551 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of American Financial Group by 89.1% in the fourth quarter. First Trust Advisors LP now owns 200,734 shares of the insurance provider’s stock worth $21,788,000 after buying an additional 94,603 shares in the last quarter. 61.33% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Company Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; 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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Earnings History and Estimates for American Financial Group (NYSE:AFG)

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