Equities analysts predict that American Financial Group, Inc. (NYSE:AFG) will post $1.29 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for American Financial Group’s earnings, with estimates ranging from $1.24 billion to $1.33 billion. American Financial Group posted sales of $1.64 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 21.3%. The firm is scheduled to announce its next earnings results after the market closes on Tuesday, October 31st.

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 forecast that the firm will report 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 sell-side research analysts that cover American Financial Group.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the Zacks’ 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%. The firm’s quarterly revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.28 EPS.

Several equities research analysts have issued reports on AFG shares. BidaskClub upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, July 7th. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $114.00 target price on the stock in a research report on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $100.67.

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In other news, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total transaction of $215,108.88. Following the transaction, the insider now directly owns 17,939 shares of the company’s stock, valued at $1,881,442.32. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO S Craig Lindner sold 25,000 shares of the business’s stock in a transaction on Thursday, August 3rd. The stock was 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. Insiders own 13.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Acrospire Investment Management LLC raised its holdings in 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 acquiring an additional 800 shares in the last quarter. Bessemer Group Inc. acquired a new stake in American Financial Group in the second quarter valued at $155,000. TLP Group LLC acquired a new stake in American Financial Group in the second quarter valued at $194,000. ETRADE Capital Management LLC acquired a new stake in American Financial Group in the second quarter valued at $216,000. Finally, Public Employees Retirement Association of Colorado raised its holdings 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 acquiring an additional 42 shares in the last quarter. 62.19% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group (AFG) traded up 0.299% during midday trading on Tuesday, reaching $105.725. 45,061 shares of the company’s stock were exchanged. American Financial Group has a 52 week low of $73.38 and a 52 week high of $106.52. The stock’s 50 day moving average is $102.73 and its 200 day moving average is $100.54. The firm has a market capitalization of $9.31 billion, a P/E ratio of 11.915 and a beta of 0.84.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 13th will be given a dividend of $0.35 per share. This is a boost from American Financial Group’s previous quarterly dividend of $0.31. 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. American Financial Group’s payout ratio is presently 15.75%.

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

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