Zacks Research Analysts Increase Earnings Estimates for AFG

American Financial Group, Inc. (NYSE:AFG) – Research analysts at Zacks Research upped their Q3 2024 earnings per share estimates for shares of American Financial Group in a research note issued to investors on Wednesday, October 23rd. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $2.51 per share for the quarter, up from their prior estimate of $2.50. The consensus estimate for American Financial Group’s current full-year earnings is $10.99 per share. Zacks Research also issued estimates for American Financial Group’s Q4 2024 earnings at $3.09 EPS, Q1 2025 earnings at $2.97 EPS, Q3 2025 earnings at $2.73 EPS, Q4 2025 earnings at $3.09 EPS and Q1 2026 earnings at $3.33 EPS.

Separately, BMO Capital Markets increased their price objective on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

American Financial Group Stock Down 2.4 %

NYSE AFG opened at $129.41 on Friday. American Financial Group has a 1 year low of $106.62 and a 1 year high of $138.81. The stock has a market capitalization of $10.86 billion, a PE ratio of 12.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50-day moving average is $134.18 and its 200 day moving average is $129.66.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis.

Institutional Trading of American Financial Group

Several large investors have recently bought and sold shares of AFG. Innealta Capital LLC purchased a new stake in American Financial Group in the second quarter worth $30,000. Headlands Technologies LLC purchased a new stake in shares of American Financial Group in the 2nd quarter worth about $38,000. Covestor Ltd increased its stake in shares of American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. lifted its position in American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC boosted its stake in American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 523 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.47%. This is a boost from American Financial Group’s previous quarterly dividend of $0.71. American Financial Group’s payout ratio is currently 30.19%.

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.