$1.65 EPS Expected for American Financial Group Inc (AFG) This Quarter

Equities analysts predict that American Financial Group Inc (NYSE:AFG) will announce earnings per share (EPS) of $1.65 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Financial Group’s earnings, with the lowest EPS estimate coming in at $1.59 and the highest estimate coming in at $1.69. American Financial Group reported earnings per share of $1.98 in the same quarter last year, which would indicate a negative year over year growth rate of 16.7%. The business is expected to report its next earnings report after the market closes on Wednesday, January 31st.

According to Zacks, 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 anticipate that the company will report earnings of $7.62 per share, with EPS estimates ranging from $6.75 to $8.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for American Financial Group.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.85 by $0.21. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. During the same quarter in the previous year, the business posted $1.51 EPS. The firm’s revenue was up 9.3% on a year-over-year basis.

AFG has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a report on Wednesday, December 20th. Sandler O’Neill restated a “buy” rating and issued a $119.00 target price on shares of American Financial Group in a report on Wednesday, January 10th.

In other news, Director Virginia Drosos sold 1,438 shares of the company’s stock in a transaction 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 completion of the transaction, the director now owns 8,034 shares in the company, valued at approximately $837,223.14. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Carl H. Lindner III sold 150,000 shares of the company’s stock in a transaction 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. In the last 90 days, insiders sold 201,438 shares of company stock valued at $21,166,854. Company insiders own 14.90% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. raised its position in American Financial Group by 3.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,979 shares of the insurance provider’s stock valued at $594,000 after purchasing an additional 198 shares during the last quarter. USA Financial Portformulas Corp raised its position in American Financial Group by 7.6% in the 2nd quarter. USA Financial Portformulas Corp now owns 5,780 shares of the insurance provider’s stock valued at $574,000 after purchasing an additional 406 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in American Financial Group by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 22,029 shares of the insurance provider’s stock valued at $2,189,000 after purchasing an additional 483 shares during the last quarter. ETRADE Capital Management LLC raised its position in American Financial Group by 22.4% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,660 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 486 shares during the last quarter. Finally, Oakbrook Investments LLC raised its position in American Financial Group by 12.6% in the 4th quarter. Oakbrook Investments LLC now owns 5,820 shares of the insurance provider’s stock valued at $632,000 after purchasing an additional 650 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

American Financial Group (NYSE AFG) opened at $110.30 on Friday. American Financial Group has a twelve month low of $85.69 and a twelve month high of $110.60. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. The stock has a market cap of $9,658.04, a price-to-earnings ratio of 14.16, a PEG ratio of 1.19 and a beta of 0.85.

The business also recently announced 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 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Thursday, January 11th. American Financial Group’s payout ratio is 17.97%.

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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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