American Financial Group, Inc. (NYSE:AFG) – Equities research analysts at Langen Mcalenn decreased their Q2 2017 EPS estimates for shares of American Financial Group in a research note issued on Wednesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $1.20 per share for the quarter, down from their previous estimate of $1.42.
Several other equities research analysts also recently weighed in on the company. BidaskClub downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $92.00.
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American Financial Group (NYSE AFG) opened at 99.20 on Thursday. The company’s 50-day moving average price is $99.07 and its 200 day moving average price is $93.99. The company has a market capitalization of $8.69 billion, a price-to-earnings ratio of 12.54 and a beta of 0.83. American Financial Group has a 52-week low of $70.82 and a 52-week high of $103.19.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.32. American Financial Group had a return on equity of 11.11% and a net margin of 10.62%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company earned $1.25 EPS. American Financial Group’s revenue for the quarter was up 6.8% compared to the same quarter last year.
A number of hedge funds and other institutional investors have recently made changes to their positions in AFG. Credit Agricole S A purchased a new position in shares of American Financial Group during the fourth quarter valued at about $123,000. Quantbot Technologies LP purchased a new position in shares of American Financial Group during the first quarter valued at about $154,000. Smith Moore & CO. purchased a new position in shares of American Financial Group during the first quarter valued at about $202,000. Barings LLC purchased a new position in shares of American Financial Group during the fourth quarter valued at about $203,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of American Financial Group by 17.0% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,668 shares of the insurance provider’s stock valued at $255,000 after buying an additional 388 shares during the period. 61.79% of the stock is currently owned by institutional investors.
In related news, insider John B. Berding sold 27,999 shares of the stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $97.95, for a total value of $2,742,502.05. Following the transaction, the insider now owns 61,143 shares of the company’s stock, valued at $5,988,956.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO S Craig Lindner sold 26,475 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $99.46, for a total value of $2,633,203.50. The disclosure for this sale can be found here. In the last three months, insiders sold 375,215 shares of company stock worth $37,465,772. 14.90% of the stock is owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 25th. Investors of record on Friday, July 14th will be paid a $0.3125 dividend. The ex-dividend date of this dividend is Wednesday, July 12th. This represents a $1.25 annualized dividend and a yield of 1.26%. American Financial Group’s dividend payout ratio (DPR) is currently 15.82%.
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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