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

American Financial Group (NYSE:AFG) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect American Financial Group to post earnings of $2.77 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.99 EPS. On average, analysts expect American Financial Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

American Financial Group Trading Up 0.2 %

American Financial Group stock opened at $127.64 on Tuesday. The firm has a market cap of $10.70 billion, a price-to-earnings ratio of 12.70 and a beta of 0.79. American Financial Group has a 1 year low of $105.22 and a 1 year high of $137.71. The firm’s 50 day moving average price is $129.76 and its two-hundred day moving average price is $120.74. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.47.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, April 12th. American Financial Group’s payout ratio is 28.26%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on AFG. Citigroup boosted their price objective on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Piper Sandler restated a “neutral” rating and issued a $129.00 price target on shares of American Financial Group in a research report on Monday, April 1st. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $133.50.

Insider Buying and Selling at American Financial Group

In other news, VP Mark A. Weiss sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the transaction, the vice president now directly owns 7,553 shares in the company, valued at approximately $959,684.18. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, VP Mark A. Weiss sold 2,500 shares of American Financial Group stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $127.06, for a total transaction of $317,650.00. Following the completion of the sale, the vice president now owns 7,553 shares of the company’s stock, valued at $959,684.18. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Brian S. Hertzman sold 1,067 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at $1,343,511.85. The disclosure for this sale can be found here. In the last quarter, insiders have sold 14,843 shares of company stock worth $1,854,746. 14.50% of the stock is currently owned by company insiders.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company 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.