Brokers Offer Predictions for American Financial Group Inc’s Q1 2018 Earnings (AFG)
American Financial Group Inc (NYSE:AFG) – Langen Mcalenn issued their Q1 2018 earnings per share estimates for shares of American Financial Group in a report issued on Monday. Langen Mcalenn analyst L. Greenberg forecasts that the insurance provider will post earnings of $1.89 per share for the quarter. Langen Mcalenn also issued estimates for American Financial Group’s Q2 2018 earnings at $1.85 EPS, Q3 2018 earnings at $2.16 EPS and Q4 2018 earnings at $2.44 EPS.
American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.53. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.11 billion. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm posted $1.98 earnings per share.
American Financial Group (NYSE AFG) opened at $112.65 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. American Financial Group has a 12 month low of $90.21 and a 12 month high of $121.69. The company has a market capitalization of $9,874.44, a PE ratio of 17.05, a PEG ratio of 1.12 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, January 15th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, January 11th. American Financial Group’s dividend payout ratio (DPR) is currently 26.42%.
In other news, CEO S Craig Lindner sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total value of $5,310,500.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the sale, the director now directly owns 8,034 shares in the company, valued at approximately $837,223.14. The disclosure for this sale can be found here. Insiders sold 201,438 shares of company stock worth $21,166,854 in the last ninety days. Corporate insiders own 13.70% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of AFG. State Street Corp raised its stake in American Financial Group by 22.8% during the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock valued at $262,481,000 after purchasing an additional 490,781 shares during the period. Janus Henderson Group PLC raised its stake in American Financial Group by 166.0% during the 3rd quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock valued at $49,931,000 after purchasing an additional 301,200 shares during the period. APG Asset Management N.V. raised its stake in American Financial Group by 182.7% during the 3rd quarter. APG Asset Management N.V. now owns 292,900 shares of the insurance provider’s stock valued at $30,301,000 after purchasing an additional 189,300 shares during the period. Renaissance Technologies LLC raised its stake in American Financial Group by 1,764.0% during the 2nd quarter. Renaissance Technologies LLC now owns 165,900 shares of the insurance provider’s stock valued at $16,485,000 after purchasing an additional 157,000 shares during the period. Finally, BNP Paribas Arbitrage SA raised its stake in American Financial Group by 359.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock valued at $20,312,000 after purchasing an additional 153,586 shares during the period. 61.29% of the stock is currently owned by institutional investors.
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American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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