American Financial Group, Inc. (NYSE:AFG) – Research analysts at Langen Mcalenn raised their FY2017 earnings per share (EPS) estimates for shares of American Financial Group in a note issued to investors on Thursday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $6.90 per share for the year, up from their previous forecast of $6.43. Langen Mcalenn also issued estimates for American Financial Group’s Q4 2017 earnings at $1.87 EPS, Q2 2018 earnings at $1.46 EPS and Q4 2018 earnings at $1.98 EPS.

Several other brokerages have also issued reports on AFG. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Zacks Investment Research upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. American Financial Group has a consensus rating of “Hold” and a consensus price target of $92.00.

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Shares of American Financial Group (NYSE:AFG) opened at 104.65 on Monday. American Financial Group has a 52 week low of $72.14 and a 52 week high of $105.00. The company has a market capitalization of $9.17 billion, a PE ratio of 11.79 and a beta of 0.83. The company has a 50 day moving average price of $100.56 and a 200 day moving average price of $96.20.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.31. The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.12 billion. American Financial Group had a return on equity of 11.75% and a net margin of 11.89%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.28 earnings per share.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were paid a $0.3125 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.25 dividend on an annualized basis and a yield of 1.19%. American Financial Group’s dividend payout ratio is 14.06%.

In related news, insider John B. Berding sold 27,999 shares of American Financial Group stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $97.95, for a total value of $2,742,502.05. Following the completion of the transaction, the insider now directly owns 61,143 shares in the company, valued at approximately $5,988,956.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider John B. Berding sold 12,792 shares of American Financial Group stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $101.13, for a total transaction of $1,293,654.96. Following the completion of the transaction, the insider now owns 66,057 shares of the company’s stock, valued at $6,680,344.41. The disclosure for this sale can be found here. Insiders sold a total of 377,266 shares of company stock valued at $37,680,881 over the last quarter. 13.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in American Financial Group by 7.1% in the first quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock worth $621,902,000 after buying an additional 431,262 shares in the last quarter. BlackRock Inc. raised its position in American Financial Group by 10,325.5% in the first quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock worth $564,476,000 after buying an additional 5,858,989 shares in the last quarter. Victory Capital Management Inc. raised its position in American Financial Group by 5.8% in the first quarter. Victory Capital Management Inc. now owns 2,098,038 shares of the insurance provider’s stock worth $200,195,000 after buying an additional 114,826 shares in the last quarter. AQR Capital Management LLC raised its position in American Financial Group by 0.6% in the first quarter. AQR Capital Management LLC now owns 1,334,072 shares of the insurance provider’s stock worth $127,297,000 after buying an additional 7,997 shares in the last quarter. Finally, Investec Asset Management LTD raised its position in American Financial Group by 6.5% in the first quarter. Investec Asset Management LTD now owns 1,160,823 shares of the insurance provider’s stock worth $110,766,000 after buying an additional 70,548 shares in the last quarter. Institutional investors and hedge funds own 62.33% of the company’s stock.

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.

Earnings History and Estimates for American Financial Group (NYSE:AFG)

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