$1.68 EPS Expected for American Financial Group, Inc. (AFG) This Quarter
Wall Street brokerages predict that American Financial Group, Inc. (NYSE:AFG) will post earnings per share (EPS) of $1.68 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Financial Group’s earnings, with the lowest EPS estimate coming in at $1.60 and the highest estimate coming in at $1.73. American Financial Group reported earnings per share of $1.51 in the same quarter last year, which suggests a positive year over year growth rate of 11.3%. The company is expected to issue its next quarterly earnings results on Tuesday, November 7th.
On average, analysts expect that American Financial Group will report full year earnings of $6.80 per share for the current year, with EPS estimates ranging from $6.70 to $6.90. For the next financial year, analysts anticipate that the firm will post earnings of $6.75 per share, with EPS estimates ranging from $6.70 to $6.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for American Financial Group.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.31. American Financial Group had a return on equity of 11.75% and a net margin of 11.89%. The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the prior year, the company posted $1.28 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year.
A number of analysts have recently issued reports on AFG shares. Zacks Investment Research lowered American Financial Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 11th. BidaskClub upgraded American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $93.67.
American Financial Group (NYSE AFG) traded down 0.19% on Tuesday, hitting $104.67. The stock had a trading volume of 395,540 shares. American Financial Group has a 12 month low of $73.17 and a 12 month high of $105.58. The company has a market cap of $9.17 billion, a PE ratio of 11.80 and a beta of 0.83. The company has a 50-day moving average of $100.86 and a 200 day moving average of $96.39.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were given a $0.3125 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.19%. American Financial Group’s dividend payout ratio (DPR) is presently 14.06%.
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In other American Financial Group news, Director William W. Verity sold 1,773 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $99.26, for a total transaction of $175,987.98. Following the completion of the sale, the director now directly owns 5,135 shares of the company’s stock, valued at approximately $509,700.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James E. Evans sold 20,623 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $98.01, for a total value of $2,021,260.23. Following the sale, the director now directly owns 151,324 shares of the company’s stock, valued at $14,831,265.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 375,791 shares of company stock valued at $37,654,427. Insiders own 13.70% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in shares of American Financial Group during the second quarter worth about $155,000. Quantbot Technologies LP purchased a new position in American Financial Group during the first quarter valued at $154,000. Smith Moore & CO. purchased a new position in American Financial Group during the first quarter valued at $202,000. Public Employees Retirement Association of Colorado increased its position in American Financial Group by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after buying an additional 42 shares during the last quarter. Finally, Gilbert & Cook Inc. purchased a new position in American Financial Group during the second quarter valued at $220,000. 62.33% of the stock is owned by institutional investors.
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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