Zacks: Brokerages Expect American Financial Group, Inc. (AFG) Will Post Earnings of $1.68 Per Share
Equities analysts predict that American Financial Group, Inc. (NYSE:AFG) will report earnings per share (EPS) of $1.68 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Financial Group’s earnings. The lowest EPS estimate is $1.60 and the highest is $1.73. American Financial Group reported earnings per share of $1.51 during the same quarter last year, which indicates a positive year over year growth rate of 11.3%. The company is scheduled to announce its next earnings report on Tuesday, November 7th.
According to Zacks, analysts expect that American Financial Group will report full-year earnings of $6.80 per share for the current financial year, with EPS estimates ranging from $6.70 to $6.90. For the next fiscal 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’ EPS averages are a mean average based on a survey of sell-side analysts that follow American Financial Group.
American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.31. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter last year, the business earned $1.28 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year.
Several equities research analysts have commented on AFG shares. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $114.00 price target on the stock in a research report on Tuesday, August 22nd. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th.
In other American Financial Group news, CEO Carl H. Lindner III sold 95,405 shares of the business’s stock in a transaction dated Wednesday, June 7th. The shares were sold at an average price of $98.68, for a total value of $9,414,565.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Carl H. Lindner III sold 8,263 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $98.61, for a total transaction of $814,814.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 315,991 shares of company stock worth $31,791,868. 14.90% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in shares of American Financial Group by 153.6% in the second quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after buying an additional 800 shares during the period. Quantbot Technologies LP acquired a new stake in shares of American Financial Group during the first quarter valued at approximately $154,000. Bessemer Group Inc. acquired a new stake in shares of American Financial Group during the second quarter valued at approximately $155,000. TLP Group LLC acquired a new stake in shares of American Financial Group during the second quarter valued at approximately $194,000. Finally, Smith Moore & CO. acquired a new stake in shares of American Financial Group during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 62.86% of the company’s stock.
Shares of American Financial Group (AFG) opened at 102.39 on Friday. The stock has a 50 day moving average of $102.13 and a 200 day moving average of $98.08. American Financial Group has a 12 month low of $73.38 and a 12 month high of $105.58. The firm has a market cap of $9.01 billion, a price-to-earnings ratio of 11.54 and a beta of 0.83.
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.
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