Brokerages expect American Financial Group Inc (NYSE:AFG) to post earnings per share of $1.95 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for American Financial Group’s earnings. The highest EPS estimate is $2.02 and the lowest is $1.84. American Financial Group posted earnings per share of $2.19 during the same quarter last year, which suggests a negative year-over-year growth rate of 11%. The company is expected to announce its next earnings results on Tuesday, October 29th.
According to Zacks, analysts expect that American Financial Group will report full-year earnings of $8.65 per share for the current fiscal year, with EPS estimates ranging from $8.60 to $8.75. For the next year, analysts anticipate that the firm will post earnings of $9.08 per share, with EPS estimates ranging from $8.85 to $9.30. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for American Financial Group.
American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, August 6th. The insurance provider reported $2.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.01 by $0.11. American Financial Group had a net margin of 9.29% and a return on equity of 13.39%. The firm had revenue of $1.20 billion during the quarter. During the same quarter in the prior year, the company posted $2.04 EPS. American Financial Group’s revenue was up 3.4% compared to the same quarter last year.
Several research firms recently commented on AFG. ValuEngine raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. Buckingham Research raised shares of American Financial Group from a “neutral” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Thursday, June 13th. Finally, Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price target on the stock in a research note on Wednesday, August 14th.
In other American Financial Group news, CEO Carl H. Lindner III sold 100,000 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $103.81, for a total transaction of $10,381,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William W. Verity sold 1,200 shares of the firm’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $104.07, for a total transaction of $124,884.00. Following the transaction, the director now directly owns 6,678 shares in the company, valued at approximately $694,979.46. The disclosure for this sale can be found here. Insiders have sold a total of 103,565 shares of company stock worth $10,745,388 in the last three months. Insiders own 11.90% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of American Financial Group by 79.7% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 72,893 shares of the insurance provider’s stock valued at $7,469,000 after buying an additional 32,330 shares in the last quarter. Atria Investments LLC bought a new stake in shares of American Financial Group in the 2nd quarter valued at about $663,000. Treasurer of the State of North Carolina boosted its holdings in shares of American Financial Group by 2.3% in the 2nd quarter. Treasurer of the State of North Carolina now owns 37,306 shares of the insurance provider’s stock valued at $3,823,000 after buying an additional 840 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of American Financial Group in the 2nd quarter valued at about $1,228,000. Finally, BlackRock Inc. boosted its holdings in shares of American Financial Group by 2.6% in the 2nd quarter. BlackRock Inc. now owns 8,588,773 shares of the insurance provider’s stock valued at $880,093,000 after buying an additional 219,643 shares in the last quarter. 64.19% of the stock is currently owned by institutional investors and hedge funds.
AFG stock traded up $0.84 during trading on Monday, hitting $105.83. The company had a trading volume of 20,088 shares, compared to its average volume of 356,764. The firm has a market capitalization of $9.43 billion, a P/E ratio of 12.65, a PEG ratio of 1.97 and a beta of 0.84. American Financial Group has a 52-week low of $84.18 and a 52-week high of $114.65. The company has a 50 day simple moving average of $101.62 and a 200-day simple moving average of $100.69. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.23.
About American Financial Group
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. 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; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; 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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