Brokerages expect American Financial Group Inc (NYSE:AFG) to post $1.33 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for American Financial Group’s earnings, with the lowest sales estimate coming in at $1.28 billion and the highest estimate coming in at $1.37 billion. American Financial Group reported sales of $1.66 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.9%. The business is scheduled to announce its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that American Financial Group will report full year sales of $5.50 billion for the current year, with estimates ranging from $5.37 billion to $5.63 billion. For the next year, analysts anticipate that the business will post sales of $5.74 billion, with estimates ranging from $5.57 billion to $5.91 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for American Financial Group.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.84 by ($0.09). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. American Financial Group had a net margin of 7.41% and a return on equity of 14.92%. The company’s revenue was up 3.7% on a year-over-year basis. During the same period in the prior year, the company earned $2.20 earnings per share.

A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Friday, January 18th. Keefe, Bruyette & Woods assumed coverage on shares of American Financial Group in a report on Thursday, January 10th. They issued a “market perform” rating and a $107.00 price objective on the stock.

In related news, Director James E. Evans sold 8,000 shares of the stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $99.17, for a total value of $793,360.00. Following the completion of the transaction, the director now owns 137,309 shares in the company, valued at approximately $13,616,933.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Carl H. Lindner III sold 28,668 shares of the stock in a transaction dated Tuesday, December 18th. The shares were sold at an average price of $91.05, for a total transaction of $2,610,221.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,281 shares of company stock worth $3,655,427. Corporate insiders own 13.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in AFG. Lavaca Capital LLC bought a new position in shares of American Financial Group during the 4th quarter valued at about $27,000. Oregon Public Employees Retirement Fund boosted its holdings in shares of American Financial Group by 8,953.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,456,350 shares of the insurance provider’s stock worth $27,000 after buying an additional 2,429,217 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of American Financial Group in the fourth quarter worth about $37,000. Fort L.P. acquired a new position in shares of American Financial Group in the fourth quarter worth about $46,000. Finally, Enlightenment Research LLC acquired a new position in shares of American Financial Group in the fourth quarter worth about $63,000. Hedge funds and other institutional investors own 63.68% of the company’s stock.

AFG traded up $0.52 during trading on Tuesday, hitting $97.41. The company had a trading volume of 937,766 shares, compared to its average volume of 385,268. The stock has a market capitalization of $8.62 billion, a PE ratio of 11.60, a P/E/G ratio of 2.17 and a beta of 0.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.14 and a quick ratio of 0.14. American Financial Group has a 1-year low of $84.18 and a 1-year high of $117.50.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. 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; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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Earnings History and Estimates for American Financial Group (NYSE:AFG)

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