American Financial Group Inc (NYSE:AFG) – Stock analysts at Langen Mcalenn lifted their Q1 2019 earnings estimates for American Financial Group in a report issued on Tuesday, October 30th. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will earn $1.94 per share for the quarter, up from their prior forecast of $1.93. Langen Mcalenn also issued estimates for American Financial Group’s Q2 2019 earnings at $2.00 EPS, Q3 2019 earnings at $2.31 EPS and Q4 2019 earnings at $2.65 EPS.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.31. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.29 billion. American Financial Group had a return on equity of 15.37% and a net margin of 9.98%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.06 EPS.
AFG stock opened at $100.03 on Thursday. 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 firm has a market capitalization of $9.14 billion, a PE ratio of 15.27, a P/E/G ratio of 0.97 and a beta of 0.76. American Financial Group has a twelve month low of $98.22 and a twelve month high of $121.69.
A number of hedge funds have recently added to or reduced their stakes in the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its holdings in American Financial Group by 25,000.0% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock worth $111,000 after purchasing an additional 1,000 shares in the last quarter. WBI Investments Inc. increased its holdings in American Financial Group by 44.3% during the 3rd quarter. WBI Investments Inc. now owns 79,109 shares of the insurance provider’s stock worth $8,779,000 after purchasing an additional 24,288 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in American Financial Group by 0.5% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 195,091 shares of the insurance provider’s stock worth $21,648,000 after purchasing an additional 900 shares in the last quarter. Reliance Trust Co. of Delaware bought a new position in American Financial Group during the 3rd quarter worth about $213,000. Finally, Arizona State Retirement System increased its holdings in American Financial Group by 3.8% during the 3rd quarter. Arizona State Retirement System now owns 49,973 shares of the insurance provider’s stock worth $5,546,000 after purchasing an additional 1,811 shares in the last quarter. Hedge funds and other institutional investors own 61.95% of the company’s stock.
In other American Financial Group news, CEO Carl H. Lindner III sold 119,448 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $111.58, for a total transaction of $13,328,007.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Evans sold 3,132 shares of the stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $112.43, for a total value of $352,130.76. Following the transaction, the director now owns 138,192 shares of the company’s stock, valued at approximately $15,536,926.56. The disclosure for this sale can be found here. Insiders have sold a total of 446,638 shares of company stock worth $50,239,767 in the last ninety days. 14.90% of the stock is currently owned by company insiders.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 25th. Investors of record on Monday, October 15th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.60%. The ex-dividend date of this dividend was Friday, October 12th. This is an increase from American Financial Group’s previous quarterly dividend of $0.35. American Financial Group’s dividend payout ratio (DPR) is presently 24.43%.
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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