Analysts predict that American Financial Group, Inc. (NYSE:AFG) will announce sales of $1.29 billion for the current quarter, according to Zacks. Two analysts have made estimates for American Financial Group’s earnings. The lowest sales estimate is $1.24 billion and the highest is $1.33 billion. American Financial Group posted sales of $1.64 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.3%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 7th.

According to Zacks, analysts expect that American Financial Group will report full-year sales of $1.29 billion for the current financial year, with estimates ranging from $4.76 billion to $4.88 billion. For the next financial year, analysts anticipate that the company will post sales of $5.10 billion per share, with estimates ranging from $5.08 billion to $5.13 billion. Zacks’ sales averages 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, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.31. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.12 billion. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The business’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $1.28 EPS.

AFG has been the topic of a number of recent research reports. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Monday. BidaskClub raised American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $93.67.

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In other news, insider John B. Berding sold 12,792 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $101.13, for a total value of $1,293,654.96. Following the transaction, the insider now directly owns 66,057 shares of the company’s stock, valued at approximately $6,680,344.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 95,405 shares of the business’s stock in a transaction that occurred on Wednesday, June 7th. The stock was sold at an average price of $98.68, for a total value of $9,414,565.40. The disclosure for this sale can be found here. Insiders have sold 327,169 shares of company stock worth $32,890,665 over the last ninety days. Company insiders own 14.90% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in AFG. Burney Co. increased its position in shares of American Financial Group by 0.5% in the second quarter. Burney Co. now owns 5,174 shares of the insurance provider’s stock valued at $515,000 after buying an additional 25 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock valued at $616,000 after buying an additional 30 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of American Financial Group by 1.3% in the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock valued at $241,000 after buying an additional 30 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of American Financial Group by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock valued at $615,000 after buying an additional 40 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of American Financial Group by 1.9% in the second quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after buying an additional 42 shares during the last quarter. 62.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Financial Group (NYSE:AFG) opened at 105.28 on Thursday. The company has a 50 day moving average price of $100.86 and a 200 day moving average price of $96.39. American Financial Group has a one year low of $73.17 and a one year high of $105.58. The company has a market cap of $9.23 billion, a P/E ratio of 11.87 and a beta of 0.83.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were issued a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a yield of 1.19%. The ex-dividend date was Wednesday, July 12th. American Financial Group’s payout ratio is 14.06%.

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

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