American Financial Group (AFG) Set to Announce Earnings on Wednesday

American Financial Group (NYSE:AFG) is set to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.77 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. American Financial Group’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.99 EPS. On average, analysts expect American Financial Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

American Financial Group Trading Up 0.2 %

Shares of AFG stock opened at $127.64 on Tuesday. American Financial Group has a 12-month low of $105.22 and a 12-month high of $137.71. The firm has a 50 day moving average price of $129.76 and a two-hundred day moving average price of $120.74. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.70 billion, a PE ratio of 12.70 and a beta of 0.79.

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend was Friday, April 12th. American Financial Group’s payout ratio is 28.26%.

Analyst Ratings Changes

AFG has been the topic of a number of analyst reports. Piper Sandler restated a “neutral” rating and set a $129.00 target price on shares of American Financial Group in a research report on Monday, April 1st. Citigroup raised their price objective on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $133.50.

Insider Activity

In related news, SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total transaction of $626,296.00. Following the sale, the senior vice president now owns 45,372 shares in the company, valued at approximately $5,490,012. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the sale, the senior vice president now directly owns 45,372 shares in the company, valued at approximately $5,490,012. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Lehman John I. Von sold 1,773 shares of American Financial Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total value of $222,476.04. Following the completion of the transaction, the director now owns 12,343 shares in the company, valued at approximately $1,548,799.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,843 shares of company stock worth $1,854,746. 14.50% of the stock is currently owned by corporate insiders.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.