Zacks Research Issues Pessimistic Forecast for AFG Earnings

American Financial Group, Inc. (NYSE:AFG) – Zacks Research decreased their Q4 2027 earnings estimates for shares of American Financial Group in a report issued on Friday, June 19th. Zacks Research analyst Team now expects that the insurance provider will post earnings per share of $3.75 for the quarter, down from their previous estimate of $3.76. The consensus estimate for American Financial Group’s current full-year earnings is $11.37 per share.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The company’s revenue was down .1% on a year-over-year basis. During the same period in the prior year, the company posted $1.81 earnings per share.

A number of other equities research analysts also recently weighed in on AFG. Keefe, Bruyette & Woods upped their target price on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Piper Sandler boosted their price objective on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company upped their price objective on American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus price target of $145.00.

American Financial Group Price Performance

NYSE AFG opened at $136.98 on Wednesday. American Financial Group has a 12 month low of $122.11 and a 12 month high of $150.02. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a market capitalization of $11.38 billion, a PE ratio of 13.02 and a beta of 0.64. The company’s 50 day simple moving average is $132.48 and its 200 day simple moving average is $131.76.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AFG. Dimensional Fund Advisors LP lifted its holdings in shares of American Financial Group by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock valued at $164,293,000 after buying an additional 110,872 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of American Financial Group by 32.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 407,772 shares of the insurance provider’s stock valued at $59,421,000 after buying an additional 99,898 shares in the last quarter. Capula Management Ltd acquired a new position in American Financial Group in the third quarter worth approximately $2,087,000. UBS Group AG increased its holdings in American Financial Group by 10.1% in the fourth quarter. UBS Group AG now owns 581,805 shares of the insurance provider’s stock worth $79,521,000 after buying an additional 53,431 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in American Financial Group by 12.9% during the third quarter. Victory Capital Management Inc. now owns 2,963,942 shares of the insurance provider’s stock valued at $431,906,000 after acquiring an additional 337,573 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s payout ratio is presently 33.46%.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.