Zacks Research Issues Positive Estimate for AFG Earnings

American Financial Group, Inc. (NYSE:AFG) – Zacks Research lifted their Q4 2024 earnings estimates for American Financial Group in a note issued to investors on Tuesday, November 19th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings per share of $3.19 for the quarter, up from their prior estimate of $3.09. The consensus estimate for American Financial Group’s current full-year earnings is $10.88 per share. Zacks Research also issued estimates for American Financial Group’s Q1 2025 earnings at $2.95 EPS, Q4 2025 earnings at $3.32 EPS, FY2025 earnings at $11.69 EPS, Q1 2026 earnings at $3.24 EPS, Q2 2026 earnings at $3.43 EPS and FY2026 earnings at $12.63 EPS.

AFG has been the subject of a number of other research reports. Piper Sandler raised their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets increased their price objective on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th.

American Financial Group Stock Up 2.1 %

American Financial Group stock opened at $143.69 on Friday. The stock has a 50 day moving average of $135.23 and a two-hundred day moving average of $130.61. American Financial Group has a twelve month low of $110.43 and a twelve month high of $144.81. The stock has a market capitalization of $12.06 billion, a price-to-earnings ratio of 13.31 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year.

American Financial Group Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $4.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from American Financial Group’s previous None dividend of $1.00. American Financial Group’s payout ratio is currently 29.99%.

Hedge Funds Weigh In On American Financial Group

Hedge funds have recently added to or reduced their stakes in the business. Innealta Capital LLC purchased a new stake in shares of American Financial Group in the second quarter valued at $30,000. Headlands Technologies LLC purchased a new position in American Financial Group in the 2nd quarter valued at about $38,000. Covestor Ltd boosted its stake in shares of American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 346 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC raised its holdings in American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 523 shares during the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

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.