Somewhat Positive News Coverage Somewhat Unlikely to Impact American Financial Group (AFG) Share Price
Headlines about American Financial Group (NYSE:AFG) have been trending somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. American Financial Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the insurance provider an impact score of 47.3672948731511 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern’s analysis:
- American Financial Group, Inc. – Value Analysis (NYSE:AFG) : November 3, 2017 (finance.yahoo.com)
- Financial stock to watch: American International Group Inc(NYSE: AIG) (fxdailyreport.com)
- American Financial Group’s (AFG) Q3 2017 Results – Earnings Call Transcript (seekingalpha.com)
- American Financial Group, Inc. breached its 50 day moving average in a Bearish Manner : AFG-US : November 2, 2017 (finance.yahoo.com)
- New Strong Sell Stocks for November 2nd (finance.yahoo.com)
AFG has been the subject of several recent analyst reports. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. BidaskClub cut American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Buckingham Research initiated coverage on American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 target price for the company. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $100.67.
American Financial Group (NYSE AFG) opened at $102.76 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.17 and a quick ratio of 0.17. The stock has a market capitalization of $9,052.44, a P/E ratio of 16.21, a PEG ratio of 2.68 and a beta of 0.86.
American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 11.03% and a net margin of 10.22%. The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $979.50 million. During the same quarter in the previous year, the company posted $1.51 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. analysts forecast that American Financial Group will post 6.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Friday, October 13th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $1.40 annualized dividend and a yield of 1.36%. This is a positive change from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s payout ratio is 17.97%.
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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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