American Financial Group (AFG) to Release Quarterly Earnings on Wednesday

American Financial Group (NYSE:AFGGet Rating) will issue its quarterly earnings data after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $2.95 per share for the quarter. American Financial Group has set its FY 2022 guidance at $11.00-$11.75 EPS.Parties interested in listening to the company’s conference call can do so using this link.

American Financial Group (NYSE:AFGGet Rating) last posted its quarterly earnings results on Wednesday, November 2nd. The insurance provider reported $2.24 earnings per share for the quarter, beating analysts’ consensus estimates of $2.20 by $0.04. The business had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.51 billion. American Financial Group had a return on equity of 24.41% and a net margin of 14.22%. The firm’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.71 EPS. On average, analysts expect American Financial Group to post $12 EPS for the current fiscal year and $12 EPS for the next fiscal year.

American Financial Group Stock Up 0.4 %

AFG stock opened at $138.21 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $11.77 billion, a price-to-earnings ratio of 12.05 and a beta of 0.83. The business’s fifty day moving average price is $138.84 and its two-hundred day moving average price is $134.61. American Financial Group has a fifty-two week low of $119.01 and a fifty-two week high of $152.29.

American Financial Group Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 25th. Stockholders of record on Friday, January 13th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 1.82%. The ex-dividend date is Thursday, January 12th. American Financial Group’s dividend payout ratio (DPR) is currently 21.97%.

Insider Activity at American Financial Group

In related news, insider John B. Berding sold 12,745 shares of American Financial Group stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $146.24, for a total transaction of $1,863,828.80. Following the transaction, the insider now owns 36,083 shares of the company’s stock, valued at $5,276,777.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider John B. Berding sold 12,745 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $146.24, for a total transaction of $1,863,828.80. Following the sale, the insider now directly owns 36,083 shares in the company, valued at approximately $5,276,777.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John B. Berding sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $148.87, for a total value of $595,480.00. Following the sale, the insider now owns 36,083 shares in the company, valued at $5,371,676.21. The disclosure for this sale can be found here. 14.60% of the stock is owned by insiders.

Hedge Funds Weigh In On American Financial Group

Institutional investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC purchased a new stake in American Financial Group during the 2nd quarter valued at about $107,000. Covestor Ltd raised its position in shares of American Financial Group by 198.0% in the 1st quarter. Covestor Ltd now owns 897 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 596 shares in the last quarter. SVB Wealth LLC bought a new position in shares of American Financial Group in the 2nd quarter worth approximately $205,000. Beacon Pointe Advisors LLC bought a new position in shares of American Financial Group in the 1st quarter worth approximately $224,000. Finally, Cetera Investment Advisers bought a new position in shares of American Financial Group in the 1st quarter worth approximately $235,000. 64.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on AFG. Morgan Stanley raised their price objective on American Financial Group from $146.00 to $150.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 22nd. StockNews.com started coverage on American Financial Group in a research note on Wednesday, October 12th. They set a “hold” rating on the stock. BMO Capital Markets started coverage on American Financial Group in a research report on Thursday, January 19th. They set a “market perform” rating and a $155.00 price objective for the company. Finally, Piper Sandler raised their price objective on American Financial Group from $162.00 to $168.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 10th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, American Financial Group presently has an average rating of “Hold” and an average target price of $162.75.

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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