Zacks Research Issues Pessimistic Forecast for AFG Earnings

American Financial Group, Inc. (NYSE:AFG) – Zacks Research dropped their FY2024 EPS estimates for American Financial Group in a report released on Tuesday, November 19th. Zacks Research analyst T. De now forecasts 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.

Several other equities analysts have also recently weighed in on AFG. Piper Sandler raised 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. BMO Capital Markets raised their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Stock Performance

Shares of NYSE AFG opened at $143.69 on Thursday. The firm has a fifty day moving average price of $135.23 and a 200-day moving average price of $130.61. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $12.06 billion, a PE ratio of 13.31 and a beta of 0.79. American Financial Group has a 1 year low of $110.43 and a 1 year high of $144.81.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The firm had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the company earned $2.45 earnings per share.

American Financial Group Increases Dividend

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

Hedge Funds Weigh In On American Financial Group

Several institutional investors have recently bought and sold shares of the stock. Oppenheimer & Co. Inc. grew its stake in shares of American Financial Group by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after buying an additional 83 shares in the last quarter. Sei Investments Co. grew its stake in shares of American Financial Group by 0.3% in the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after buying an additional 86 shares in the last quarter. Diversified Trust Co grew its stake in shares of American Financial Group by 5.0% in the 2nd quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock worth $259,000 after buying an additional 100 shares in the last quarter. MML Investors Services LLC grew its stake in shares of American Financial Group by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock worth $458,000 after buying an additional 116 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after buying an additional 125 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other 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.