Brokerages expect American Financial Group Inc (NYSE:AFG) to announce $1.28 billion in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Financial Group’s earnings. American Financial Group reported sales of $1.63 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 21.5%. The business is expected to report its next earnings results on Wednesday, February 7th.

On average, analysts expect that American Financial Group will report full-year sales of $1.28 billion for the current financial year, with estimates ranging from $4.88 billion to $4.91 billion. For the next year, analysts forecast that the company will post sales of $5.15 billion per share, with estimates ranging from $5.08 billion to $5.23 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover American Financial Group.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $979.50 million. During the same quarter last year, the firm posted $1.51 earnings per share. American Financial Group’s revenue was up 9.3% compared to the same quarter last year.

AFG has been the subject of several analyst reports. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub lowered American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Finally, Buckingham Research began coverage on American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $100.67.

In other American Financial Group news, CEO S Craig Lindner sold 50,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total transaction of $5,310,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 13.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC lifted its position in American Financial Group by 153.6% during the second quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after buying an additional 800 shares in the last quarter. Bessemer Group Inc. acquired a new position in shares of American Financial Group during the second quarter valued at $155,000. TLP Group LLC acquired a new position in shares of American Financial Group during the second quarter valued at $194,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in American Financial Group in the third quarter worth about $201,000. Finally, Strategic Global Advisors LLC bought a new stake in American Financial Group in the third quarter worth about $207,000. Institutional investors and hedge funds own 60.39% of the company’s stock.

Shares of American Financial Group (NYSE AFG) opened at $105.06 on Friday. American Financial Group has a 52-week low of $81.80 and a 52-week high of $106.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market capitalization of $9,180.47, a PE ratio of 16.43, a price-to-earnings-growth ratio of 2.95 and a beta of 0.86.

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

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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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