Equities analysts expect American Financial Group Inc (NYSE:AFG) to post sales of $1.28 billion for the current quarter, according to Zacks. Two analysts have issued estimates for American Financial Group’s earnings. American Financial Group reported sales of $1.63 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 21.5%. The company is expected to issue its next quarterly earnings results after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that American Financial Group will report full-year sales of $1.28 billion for the current year, with estimates ranging from $4.88 billion to $4.91 billion. For the next fiscal year, analysts forecast that the firm will post sales of $5.15 billion per share, with estimates ranging from $5.08 billion to $5.23 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover American Financial Group.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. The company had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. American Financial Group’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.51 EPS.
In related news, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO S Craig Lindner sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total value of $5,310,500.00. The disclosure for this sale can be found here. Insiders sold a total of 201,438 shares of company stock valued at $21,166,854 over the last quarter. 13.70% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in AFG. Teachers Advisors LLC boosted its position in American Financial Group by 23.2% during the 2nd quarter. Teachers Advisors LLC now owns 154,442 shares of the insurance provider’s stock worth $15,347,000 after acquiring an additional 29,081 shares during the last quarter. Ameriprise Financial Inc. boosted its position in American Financial Group by 5.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 320,880 shares of the insurance provider’s stock worth $31,886,000 after acquiring an additional 15,271 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in American Financial Group by 24.6% during the 2nd quarter. PNC Financial Services Group Inc. now owns 5,406 shares of the insurance provider’s stock worth $538,000 after acquiring an additional 1,067 shares during the last quarter. Thrivent Financial For Lutherans boosted its position in American Financial Group by 8.3% during the 2nd quarter. Thrivent Financial For Lutherans now owns 14,915 shares of the insurance provider’s stock worth $1,482,000 after acquiring an additional 1,140 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in American Financial Group by 2.0% during the 2nd quarter. New York State Common Retirement Fund now owns 184,900 shares of the insurance provider’s stock worth $18,374,000 after acquiring an additional 3,599 shares during the last quarter. 61.35% of the stock is owned by hedge funds and other institutional investors.
Shares of American Financial Group (NYSE AFG) opened at $110.30 on Monday. 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 company has a market capitalization of $9,710.00, a PE ratio of 14.16, a PEG ratio of 1.19 and a beta of 0.85. American Financial Group has a 52 week low of $85.69 and a 52 week high of $110.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Monday, January 15th will be given a $0.35 dividend. The ex-dividend date is Thursday, January 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.27%. American Financial Group’s dividend payout ratio is presently 17.97%.
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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