Zacks: Brokerages Expect American Financial Group Inc (AFG) Will Post Earnings of $1.64 Per Share

Wall Street analysts expect American Financial Group Inc (NYSE:AFG) to report $1.64 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for American Financial Group’s earnings, with estimates ranging from $1.59 to $1.69. American Financial Group reported earnings of $1.98 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 17.2%. The firm is expected to issue its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that American Financial Group will report full year earnings of $6.05 per share for the current financial year, with EPS estimates ranging from $5.95 to $6.15. For the next year, analysts forecast that the business will post earnings of $6.78 per share, with EPS estimates ranging from $6.75 to $6.80. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for American Financial Group.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations 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 was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $1.51 EPS.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Buckingham Research assumed coverage on shares of American Financial Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $103.00 price objective on the stock. Finally, BidaskClub cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th.

Shares of American Financial Group (NYSE:AFG) traded up $1.08 during midday trading on Friday, reaching $104.34. 647,005 shares of the company were exchanged, compared to its average volume of 304,985. The firm has a market cap of $9,193.71, a PE ratio of 16.46, a price-to-earnings-growth ratio of 2.83 and a beta of 0.86. American Financial Group has a 12-month low of $85.57 and a 12-month high of $106.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19.

The company also recently announced a special dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $2.00 dividend. This represents a yield of 1.33%. This is a positive change from American Financial Group’s previous special dividend of $1.50. The ex-dividend date was Thursday, November 16th. American Financial Group’s dividend payout ratio is 17.97%.

In other American Financial Group news, CEO S Craig Lindner sold 50,000 shares of the company’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total value of $5,310,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Carl H. Lindner III sold 150,000 shares of the company’s stock in a transaction dated 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. 14.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its holdings in shares of American Financial Group by 153.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 800 shares during the period. Bessemer Group Inc. purchased a new position in shares of American Financial Group during the 2nd quarter worth about $155,000. Dai Ichi Life Insurance Company Ltd purchased a new position in shares of American Financial Group during the 3rd quarter worth about $201,000. TLP Group LLC purchased a new position in shares of American Financial Group during the 2nd quarter worth about $194,000. Finally, Strategic Global Advisors LLC purchased a new position in shares of American Financial Group during the 3rd quarter worth about $207,000. Institutional investors own 61.45% of the company’s stock.

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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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Earnings History and Estimates for American Financial Group (NYSE:AFG)

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