Brokerages Expect American Financial Group Inc (AFG) to Post $1.95 EPS

Equities analysts expect American Financial Group Inc (NYSE:AFG) to announce earnings per share (EPS) of $1.95 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for American Financial Group’s earnings, with estimates ranging from $1.84 to $2.05. American Financial Group posted earnings per share of $2.20 in the same quarter last year, which indicates a negative year over year growth rate of 11.4%. The firm is expected to issue its next earnings results on Wednesday, January 30th.

According to Zacks, analysts expect that American Financial Group will report full year earnings of $8.60 per share for the current financial year, with EPS estimates ranging from $8.50 to $8.70. For the next fiscal year, analysts forecast that the company will post earnings of $8.62 per share, with EPS estimates ranging from $8.45 to $8.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Financial Group.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, October 30th. The insurance provider reported $2.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.31. American Financial Group had a net margin of 9.98% and a return on equity of 15.39%. The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $1.06 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year.

A number of research analysts recently weighed in on the stock. Zacks Investment Research restated a “buy” rating and issued a $115.00 price objective on shares of American Financial Group in a report on Monday, November 12th. ValuEngine cut American Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $118.67.

NYSE AFG traded down $2.15 on Friday, reaching $95.19. The company had a trading volume of 487,905 shares, compared to its average volume of 417,292. American Financial Group has a 52 week low of $94.97 and a 52 week high of $121.69. The company has a market capitalization of $8.69 billion, a PE ratio of 14.53, a P/E/G ratio of 0.90 and a beta of 0.84. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25.

The company also recently disclosed a special dividend, which was paid on Monday, November 26th. Stockholders of record on Friday, November 16th were given a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, November 15th. American Financial Group’s dividend payout ratio is currently 24.43%.

In other news, CEO Carl H. Lindner III sold 181,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $113.49, for a total transaction of $20,541,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 14.90% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of American Financial Group by 6.9% during the third quarter. BlackRock Inc. now owns 7,787,282 shares of the insurance provider’s stock valued at $864,155,000 after purchasing an additional 500,746 shares in the last quarter. Standard Life Aberdeen plc grew its holdings in shares of American Financial Group by 38,541.5% in the third quarter. Standard Life Aberdeen plc now owns 7,580,682 shares of the insurance provider’s stock valued at $735,330,000 after purchasing an additional 7,561,064 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of American Financial Group by 1.0% in the third quarter. Vanguard Group Inc. now owns 7,116,486 shares of the insurance provider’s stock valued at $789,716,000 after purchasing an additional 73,729 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of American Financial Group by 1.5% in the third quarter. Victory Capital Management Inc. now owns 2,095,934 shares of the insurance provider’s stock valued at $232,587,000 after purchasing an additional 30,986 shares in the last quarter. Finally, Investec Asset Management LTD grew its holdings in shares of American Financial Group by 3.8% in the second quarter. Investec Asset Management LTD now owns 1,243,452 shares of the insurance provider’s stock valued at $133,460,000 after purchasing an additional 45,008 shares in the last quarter. 62.79% of the stock is owned by institutional investors.

American Financial Group Company Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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