American Financial Group Inc (AFG) Forecasted to Post Q4 2018 Earnings of $2.26 Per Share

American Financial Group Inc (NYSE:AFG) – Research analysts at Langen Mcalenn issued their Q4 2018 earnings estimates for American Financial Group in a research note issued to investors on Tuesday, October 30th. Langen Mcalenn analyst L. Greenberg forecasts that the insurance provider will post earnings per share of $2.26 for the quarter.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.88 by $0.31. American Financial Group had a return on equity of 15.37% and a net margin of 9.98%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned $1.06 EPS. American Financial Group’s revenue was up 4.7% on a year-over-year basis.

Several other brokerages also recently weighed in on AFG. ValuEngine downgraded American Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Raymond James downgraded American Financial Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 12th. Finally, Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. American Financial Group has an average rating of “Hold” and an average target price of $120.33.

Shares of NYSE AFG opened at $100.29 on Friday. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.26. American Financial Group has a 1-year low of $98.22 and a 1-year high of $121.69. The stock has a market cap of $8.93 billion, a price-to-earnings ratio of 15.31, a P/E/G ratio of 0.95 and a beta of 0.84.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Shareholders of record on Monday, October 15th were issued a dividend of $0.40 per share. This is an increase from American Financial Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Friday, October 12th. This represents a $1.60 annualized dividend and a yield of 1.60%. American Financial Group’s dividend payout ratio is 24.43%.

In other American Financial Group news, CEO Carl H. Lindner III sold 80,552 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was sold at an average price of $111.68, for a total transaction of $8,996,047.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Carl H. Lindner III sold 18,785 shares of the company’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $111.93, for a total value of $2,102,605.05. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 417,506 shares of company stock worth $46,961,077. 14.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of AFG. BlackRock Inc. increased its holdings in shares of American Financial Group by 11.7% in the 2nd quarter. BlackRock Inc. now owns 7,286,536 shares of the insurance provider’s stock valued at $782,062,000 after acquiring an additional 763,692 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of American Financial Group by 81.2% in the 3rd quarter. Wells Fargo & Company MN now owns 581,427 shares of the insurance provider’s stock valued at $64,521,000 after acquiring an additional 260,539 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of American Financial Group by 11,113.9% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 230,446 shares of the insurance provider’s stock valued at $2,181,000 after acquiring an additional 228,391 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of American Financial Group by 23.6% in the 2nd quarter. Bank of America Corp DE now owns 507,225 shares of the insurance provider’s stock valued at $54,440,000 after acquiring an additional 96,914 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of American Financial Group by 97.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 159,753 shares of the insurance provider’s stock valued at $17,146,000 after acquiring an additional 78,695 shares during the last quarter. Institutional investors own 61.95% of the company’s stock.

About American Financial Group

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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