American Financial Group, Inc. (AFG) Scheduled to Post Quarterly Earnings on Monday
American Financial Group, Inc. (NYSE:AFG) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $1.63 per share for the quarter. American Financial Group has set its FY17 guidance at $6.40-6.90 EPS.
American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.31. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.28 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, analysts expect American Financial Group to post $6 EPS for the current fiscal year and $6.75 EPS for the next fiscal year.
Shares of American Financial Group, Inc. (NYSE:AFG) opened at 105.26 on Monday. American Financial Group, Inc. has a one year low of $73.38 and a one year high of $106.52. The firm’s 50-day moving average price is $102.64 and its 200-day moving average price is $100.38. The firm has a market capitalization of $9.27 billion, a P/E ratio of 11.86 and a beta of 0.84.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, October 13th will be given a $0.35 dividend. This is a boost from American Financial Group’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.33%. American Financial Group’s payout ratio is presently 15.75%.
AFG has been the topic of a number of analyst reports. Zacks Investment Research cut shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Finally, Buckingham Research initiated coverage on shares of American Financial Group in a research report on Monday, September 11th. They issued a “neutral” rating and a $103.00 price objective on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $100.67.
In other American Financial Group news, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the transaction, the insider now owns 17,939 shares in the company, valued at $1,881,442.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO S Craig Lindner sold 25,000 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.27, for a total transaction of $2,606,750.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by insiders.
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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