American Financial Group, Inc. (NYSE:AFG) Set to Announce Quarterly Earnings on Tuesday
American Financial Group, Inc. (NYSE:AFG) is set to announce its earnings results after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $1.39 per share for the quarter.
American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.32. American Financial Group had a net margin of 10.62% and a return on equity of 11.11%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm posted $1.25 EPS. The business’s quarterly revenue was up 6.8% on a year-over-year basis. On average, analysts expect American Financial Group to post $6.49 EPS for the current fiscal year and $6.65 EPS for the next fiscal year.
Shares of American Financial Group, Inc. (NYSE:AFG) opened at 101.66 on Tuesday. The stock has a 50 day moving average of $100.11 and a 200-day moving average of $95.59. The company has a market capitalization of $8.91 billion, a P/E ratio of 12.86 and a beta of 0.83. American Financial Group, Inc. has a 12-month low of $71.30 and a 12-month high of $103.19.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Friday, July 14th will be given a $0.3125 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, July 12th. American Financial Group’s dividend payout ratio (DPR) is 15.82%.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research cut shares of American Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $92.00.
In other news, CEO Carl H. Lindner III sold 47,124 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $102.22, for a total value of $4,817,015.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO S Craig Lindner sold 26,475 shares of the stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $99.46, for a total transaction of $2,633,203.50. The disclosure for this sale can be found here. Insiders sold 375,215 shares of company stock valued at $37,465,772 over the last quarter. Company insiders own 13.70% of the company’s stock.
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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