American Financial Group (NYSE:AFG) Issues Earnings Results, Beats Estimates By $0.84 EPS

American Financial Group (NYSE:AFGGet Rating) announced its quarterly earnings data on Wednesday. The insurance provider reported $3.56 EPS for the quarter, beating analysts’ consensus estimates of $2.72 by $0.84, MarketWatch Earnings reports. American Financial Group had a net margin of 30.45% and a return on equity of 17.62%. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the firm posted $2.38 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. American Financial Group updated its FY22 guidance to $10.50-11.50 EPS.

NYSE AFG opened at $145.78 on Thursday. The firm has a 50-day moving average of $142.64 and a 200-day moving average of $138.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $12.40 billion, a PE ratio of 6.26 and a beta of 0.92. American Financial Group has a 52-week low of $117.57 and a 52-week high of $152.29.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 25th. Stockholders of record on Friday, April 15th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Wednesday, April 13th. American Financial Group’s dividend payout ratio (DPR) is presently 9.62%.

Separately, StockNews.com began coverage on shares of American Financial Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

Several hedge funds and other institutional investors have recently bought and sold shares of AFG. LPL Financial LLC lifted its stake in shares of American Financial Group by 7.0% during the 3rd quarter. LPL Financial LLC now owns 3,183 shares of the insurance provider’s stock worth $400,000 after buying an additional 208 shares during the last quarter. JustInvest LLC lifted its stake in shares of American Financial Group by 21.5% during the 4th quarter. JustInvest LLC now owns 3,402 shares of the insurance provider’s stock worth $467,000 after buying an additional 603 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of American Financial Group by 37.3% during the 4th quarter. NewEdge Advisors LLC now owns 8,697 shares of the insurance provider’s stock worth $1,194,000 after buying an additional 2,364 shares during the last quarter. Allstate Corp lifted its stake in shares of American Financial Group by 308.5% during the 4th quarter. Allstate Corp now owns 10,303 shares of the insurance provider’s stock worth $1,415,000 after buying an additional 7,781 shares during the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its stake in shares of American Financial Group by 10.4% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 11,869 shares of the insurance provider’s stock worth $1,630,000 after buying an additional 1,114 shares during the last quarter. Institutional investors own 64.93% of the company’s stock.

About American Financial Group (Get Rating)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.

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Earnings History for American Financial Group (NYSE:AFG)

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