American Financial Group (AFG) Scheduled to Post Quarterly Earnings on Tuesday

American Financial Group (NYSE:AFG) will issue its quarterly earnings data after the market closes on Tuesday, October 30th. Analysts expect the company to announce earnings of $1.79 per share for the quarter. American Financial Group has set its FY18 guidance at $8.10-8.60 EPS.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $2.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.08. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.18 billion. American Financial Group had a return on equity of 13.27% and a net margin of 7.50%. American Financial Group’s revenue was up 9.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.61 EPS. On average, analysts expect American Financial Group to post $9 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shares of American Financial Group stock opened at $99.55 on Friday. The company has a market cap of $8.89 billion, a PE ratio of 15.20, a P/E/G ratio of 0.94 and a beta of 0.76. American Financial Group has a 1-year low of $98.22 and a 1-year high of $121.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.15 and a current ratio of 0.15.

The business also recently announced a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Monday, October 15th were issued a dividend of $0.40 per share. This is a boost from American Financial Group’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend was Friday, October 12th. American Financial Group’s payout ratio is currently 24.43%.

Several brokerages have recently weighed in on AFG. ValuEngine cut American Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Raymond James cut American Financial Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 12th. Finally, Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. American Financial Group currently has a consensus rating of “Hold” and a consensus target price of $120.33.

In other news, Director James E. Evans sold 3,132 shares of American Financial Group stock in a transaction that occurred on Friday, August 3rd. The shares were sold at an average price of $112.43, for a total transaction of $352,130.76. Following the sale, the director now owns 138,192 shares of the company’s stock, valued at approximately $15,536,926.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Carl H. Lindner III sold 119,448 shares of American Financial Group stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $111.58, for a total transaction of $13,328,007.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 446,638 shares of company stock worth $50,239,767. Insiders own 14.90% of the company’s stock.

American Financial Group Company Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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Earnings History for American Financial Group (NYSE:AFG)

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