Brokerages predict that American Financial Group Inc (NYSE:AFG) will announce earnings of $1.64 per share for the current quarter, Zacks reports. Two analysts have issued estimates for American Financial Group’s earnings. The lowest EPS estimate is $1.59 and the highest is $1.69. American Financial Group posted earnings per share of $1.98 in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.2%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 7th.
On average, analysts expect that American Financial Group will report full-year earnings of $6.05 per share for the current year, with EPS estimates ranging from $5.95 to $6.15. For the next fiscal year, analysts forecast that the business will report earnings of $6.78 per share, with EPS estimates ranging from $6.75 to $6.80. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow American Financial Group.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.21. The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $979.50 million. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share.
In related news, Director Virginia Drosos sold 1,438 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the sale, the director now directly owns 8,034 shares of the company’s stock, valued at $837,223.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Carl H. Lindner III sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total transaction of $15,706,500.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 201,438 shares of company stock worth $21,166,854. Insiders own 13.70% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in AFG. Burney Co. grew its position in American Financial Group by 0.5% during the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock valued at $515,000 after acquiring an additional 25 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings 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 purchasing an additional 30 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of American Financial Group by 0.6% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 10,744 shares of the insurance provider’s stock worth $1,068,000 after purchasing an additional 67 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in shares of American Financial Group by 3.4% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 5,979 shares of the insurance provider’s stock worth $594,000 after purchasing an additional 198 shares during the last quarter. Finally, Utah Retirement Systems grew its holdings in shares of American Financial Group by 3.2% in the second quarter. Utah Retirement Systems now owns 12,903 shares of the insurance provider’s stock worth $1,282,000 after purchasing an additional 400 shares during the last quarter. 61.40% of the stock is currently owned by institutional investors and hedge funds.
American Financial Group (AFG) traded down $0.22 on Wednesday, reaching $106.55. 82,150 shares of the company traded hands, compared to its average volume of 285,800. The company has a market capitalization of $9,380.00, a price-to-earnings ratio of 13.68, a P/E/G ratio of 2.63 and a beta of 0.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. American Financial Group has a one year low of $85.57 and a one year high of $109.43.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Monday, January 15th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.31%. American Financial Group’s payout ratio is 17.97%.
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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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