American Financial Group, Inc. (NYSE:AFG) – Research analysts at Langen Mcalenn lowered their FY2017 earnings estimates for American Financial Group in a report released on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the insurance provider will post earnings per share of $6.17 for the year, down from their previous estimate of $6.70. Langen Mcalenn also issued estimates for American Financial Group’s Q1 2018 earnings at $1.53 EPS.

A number of other equities analysts have also commented on AFG. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “sell” rating in a report on Tuesday. BidaskClub lowered American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Buckingham Research assumed coverage on American Financial Group in a report on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $100.67.

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American Financial Group (AFG) opened at 105.10 on Thursday. The firm has a 50-day moving average price of $101.64 and a 200 day moving average price of $99.51. The firm has a market capitalization of $9.25 billion, a PE ratio of 11.84 and a beta of 0.84. American Financial Group has a one year low of $73.38 and a one year high of $105.58.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.31. The firm 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 11.66% and a net margin of 11.89%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.28 EPS.

Several hedge funds have recently modified their holdings of the stock. Burney Co. raised its position in shares of American Financial Group by 0.5% in the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock worth $515,000 after buying an additional 25 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock worth $616,000 after buying an additional 30 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in shares of American Financial Group by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after buying an additional 30 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of American Financial Group by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock worth $615,000 after buying an additional 40 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of 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 worth $220,000 after buying an additional 42 shares in the last quarter. Institutional investors own 62.33% of the company’s stock.

In related news, insider Michelle A. Gillis sold 2,051 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total value of $215,108.88. Following the sale, the insider now owns 17,939 shares in the company, valued at $1,881,442.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO S Craig Lindner sold 25,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total value of $2,606,750.00. The disclosure for this sale can be found here. Company insiders own 14.90% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, October 13th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, October 12th. This is an increase from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s dividend payout ratio (DPR) is 10.57%.

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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