Wall Street analysts expect American Financial Group, Inc. (NYSE:AFG) to announce sales of $1.29 billion for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for American Financial Group’s earnings. The lowest sales estimate is $1.24 billion and the highest is $1.33 billion. American Financial Group posted sales of $1.64 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 21.3%. The business is scheduled to issue its next earnings results on Tuesday, November 7th.

On average, analysts expect that American Financial Group will report full-year sales of $1.29 billion for the current year, with estimates ranging from $4.76 billion to $4.88 billion. For the next year, analysts anticipate that the company will post sales of $5.10 billion per share, with estimates ranging from $5.08 billion to $5.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that that provide coverage for American Financial Group.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data 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. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. American Financial Group’s revenue was up 3.7% compared to the same quarter last year. During the same period last year, the company posted $1.28 earnings per share.

AFG has been the topic of several recent research reports. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub raised shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.33.

American Financial Group (NYSE:AFG) opened at 100.70 on Friday. The company’s 50-day moving average is $101.87 and its 200 day moving average is $98.77. American Financial Group has a one year low of $73.38 and a one year high of $105.58. The stock has a market capitalization of $8.86 billion, a price-to-earnings ratio of 11.35 and a beta of 0.84.

In related news, CEO Carl H. Lindner III sold 56,353 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $102.17, for a total transaction of $5,757,586.01. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 47,124 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $102.22, for a total transaction of $4,817,015.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,528 shares of company stock worth $13,396,460. 14.90% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of American Financial Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,700,258 shares of the insurance provider’s stock valued at $665,805,000 after purchasing an additional 182,739 shares during the last quarter. BlackRock Inc. increased its position in shares of American Financial Group by 9.7% in the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock valued at $644,783,000 after purchasing an additional 572,969 shares during the last quarter. State Street Corp increased its position in shares of American Financial Group by 22.8% in the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock valued at $262,481,000 after purchasing an additional 490,781 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of American Financial Group by 1.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,135,790 shares of the insurance provider’s stock valued at $212,234,000 after purchasing an additional 37,752 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of American Financial Group by 0.6% in the 1st quarter. AQR Capital Management LLC now owns 1,334,072 shares of the insurance provider’s stock valued at $127,297,000 after purchasing an additional 7,997 shares during the last quarter. 62.66% of the stock is currently owned by hedge funds and other institutional investors.

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

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