Zacks Research Issues Positive Estimate for AFG Earnings

American Financial Group, Inc. (NYSE:AFG) – Zacks Research lifted their Q4 2027 earnings estimates for American Financial Group in a research note issued to investors on Thursday, March 26th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $4.12 per share for the quarter, up from their prior estimate of $4.11. The consensus estimate for American Financial Group’s current full-year earnings is $10.50 per share.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, February 4th. The insurance provider reported $3.65 EPS for the quarter, beating the consensus estimate of $3.18 by $0.47. American Financial Group had a net margin of 10.30% and a return on equity of 18.64%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same period in the prior year, the business earned $3.12 earnings per share. The company’s quarterly revenue was down 4.0% on a year-over-year basis.

Other equities analysts also recently issued research reports about the company. Keefe, Bruyette & Woods raised their price target on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday. Weiss Ratings upgraded American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Finally, Wells Fargo & Company decreased their price objective on American Financial Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $145.25.

American Financial Group Trading Down 2.6%

Shares of American Financial Group stock opened at $125.58 on Friday. American Financial Group has a 1 year low of $114.73 and a 1 year high of $150.02. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.23 and a quick ratio of 0.23. The business has a 50 day moving average price of $129.35 and a 200 day moving average price of $134.60. The company has a market capitalization of $10.46 billion, a P/E ratio of 12.47 and a beta of 0.69.

Institutional Investors Weigh In On American Financial Group

Hedge funds have recently made changes to their positions in the business. Global Retirement Partners LLC grew its position in shares of American Financial Group by 904.8% in the fourth quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 190 shares during the period. Alpine Bank Wealth Management purchased a new position in American Financial Group during the third quarter worth about $30,000. Root Financial Partners LLC acquired a new stake in American Financial Group in the 3rd quarter worth about $34,000. Clearstead Advisors LLC boosted its stake in American Financial Group by 87.7% in the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after buying an additional 121 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in American Financial Group by 165.0% in the 3rd quarter. Smartleaf Asset Management LLC now owns 273 shares of the insurance provider’s stock valued at $39,000 after buying an additional 170 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Buying and Selling

In other American Financial Group news, CFO Brian S. Hertzman sold 1,663 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $133.70, for a total value of $222,343.10. Following the completion of the transaction, the chief financial officer directly owned 12,073 shares in the company, valued at approximately $1,614,160.10. The trade was a 12.11% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.40% of the company’s stock.

American Financial Group Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, February 25th. Shareholders of record on Monday, February 16th were paid a $1.50 dividend. The ex-dividend date of this dividend was Friday, February 13th. American Financial Group’s payout ratio is presently 34.96%.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.