Shares of American Financial Group Inc (NYSE:AFG) have received an average broker rating score of 1.60 (Buy) from the five analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has issued a buy recommendation and three have given a strong buy recommendation to the company.
Brokerages have set a 12 month consensus target price of $94.00 for the company and are forecasting that the company will post $1.41 EPS for the current quarter, according to Zacks. Zacks has also given American Financial Group an industry rank of 184 out of 265 based on the ratings given to its competitors.
A number of brokerages have weighed in on AFG. Zacks Investment Research lowered American Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. Langen Mcalenn restated a “buy” rating on shares of American Financial Group in a report on Friday, December 30th.
Shares of American Financial Group (NYSE:AFG) opened at 95.81 on Tuesday. The stock has a 50 day moving average of $94.92 and a 200 day moving average of $86.72. The stock has a market capitalization of $8.34 billion, a PE ratio of 13.07 and a beta of 0.70. American Financial Group has a 52-week low of $68.25 and a 52-week high of $97.00.
American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, February 1st. The insurance provider reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.34. The company had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.12 billion. American Financial Group had a return on equity of 10.34% and a net margin of 9.99%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 EPS. Analysts forecast that American Financial Group will post $6.29 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Friday, April 14th will be issued a dividend of $0.3125 per share. The ex-dividend date of this dividend is Tuesday, April 11th. This represents a $1.25 annualized dividend and a dividend yield of 1.30%. American Financial Group’s dividend payout ratio is presently 17.08%.
In other news, CEO Carl H. Lindner III sold 200,000 shares of American Financial Group stock in a transaction on Monday, February 6th. The stock was sold at an average price of $90.91, for a total transaction of $18,182,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, VP Vito C. Peraino sold 26,709 shares of American Financial Group stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $96.01, for a total value of $2,564,331.09. Following the transaction, the vice president now owns 73,832 shares in the company, valued at approximately $7,088,610.32. The disclosure for this sale can be found here. In the last quarter, insiders have sold 280,935 shares of company stock worth $25,802,667. Insiders own 14.90% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new position in American Financial Group during the first quarter valued at approximately $586,000. Louisiana State Employees Retirement System raised its position in American Financial Group by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the insurance provider’s stock valued at $1,765,000 after buying an additional 500 shares in the last quarter. Alpha Windward LLC bought a new position in American Financial Group during the first quarter valued at approximately $487,000. Capstone Asset Management Co. raised its position in American Financial Group by 4.3% in the first quarter. Capstone Asset Management Co. now owns 9,889 shares of the insurance provider’s stock valued at $944,000 after buying an additional 408 shares in the last quarter. Finally, Creative Planning raised its position in American Financial Group by 3.1% in the first quarter. Creative Planning now owns 11,173 shares of the insurance provider’s stock valued at $1,066,000 after buying an additional 336 shares in the last quarter. Institutional investors and hedge funds own 59.51% of the company’s stock.
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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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