Zacks Research Has Negative Outlook for AFG FY2024 Earnings

American Financial Group, Inc. (NYSE:AFG) – Equities research analysts at Zacks Research lowered their FY2024 earnings estimates for American Financial Group in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst T. De now expects that the insurance provider will earn $10.82 per share for the year, down from their prior forecast of $10.92. 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 Q3 2025 earnings at $2.70 EPS and Q3 2026 earnings at $2.90 EPS.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results 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 return on equity of 19.97% and a net margin of 10.84%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm earned $2.45 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year.

AFG has been the subject of a number of other research reports. BMO Capital Markets raised 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. Piper Sandler upped their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

American Financial Group Stock Performance

NYSE:AFG opened at $140.85 on Thursday. American Financial Group has a 52-week low of $109.07 and a 52-week high of $144.81. The company has a market cap of $11.82 billion, a price-to-earnings ratio of 13.20 and a beta of 0.79. The firm’s 50-day moving average is $135.06 and its 200-day moving average is $130.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group Increases Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio (DPR) is 29.99%.

Hedge Funds Weigh In On American Financial Group

Several institutional investors have recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in shares of American Financial Group in the 2nd quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group during the second quarter worth $38,000. Covestor Ltd increased its stake in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after buying an additional 346 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of American Financial Group by 44.3% in 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 last quarter. Finally, Abich Financial Wealth Management LLC lifted its position in American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after buying an additional 523 shares in the last quarter. 64.37% of the stock is owned by 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.