Brokerages expect that American Financial Group Inc (NYSE:AFG) will announce earnings of $1.65 per share for the current quarter, Zacks reports. Two analysts have made estimates for American Financial Group’s earnings, with the highest EPS estimate coming in at $1.69 and the lowest estimate coming in at $1.59. 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 16.7%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, January 31st.
On average, 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 year, analysts forecast that the business will post earnings of $7.62 per share, with EPS estimates ranging from $6.75 to $8.10. Zacks’ EPS averages are an average based on a survey of research analysts that cover American Financial Group.
American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm 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 earnings per share. The business’s quarterly revenue was up 9.3% compared to the same quarter last year.
In other American Financial Group news, Director Virginia Drosos sold 1,438 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $104.21, for a total transaction 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $15,706,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 201,438 shares of company stock valued at $21,166,854 in the last quarter. 14.90% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of American Financial Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,700,258 shares of the insurance provider’s stock valued at $665,805,000 after buying an additional 182,739 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of American Financial Group by 9.7% in the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock valued at $644,783,000 after buying an additional 572,969 shares in the last quarter. State Street Corp boosted its holdings in shares of American Financial Group by 22.8% in the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock valued at $262,481,000 after buying an additional 490,781 shares in the last quarter. Investec Asset Management LTD boosted its holdings in shares of American Financial Group by 1.6% in the 3rd quarter. Investec Asset Management LTD now owns 1,171,186 shares of the insurance provider’s stock valued at $121,159,000 after buying an additional 18,292 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of American Financial Group by 1.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,037,666 shares of the insurance provider’s stock valued at $107,347,000 after buying an additional 19,832 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company’s stock.
American Financial Group (NYSE AFG) opened at $110.30 on Friday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group has a twelve month low of $85.69 and a twelve month high of $110.60. The company has a market cap of $9,658.04, a P/E ratio of 14.16, a price-to-earnings-growth ratio of 1.19 and a beta of 0.85.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Monday, January 15th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, January 11th. American Financial Group’s dividend payout ratio (DPR) is presently 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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