Zacks Research Issues Optimistic Outlook for AFG Earnings

American Financial Group, Inc. (NYSE:AFG) – Analysts at Zacks Research increased their Q4 2024 earnings per share (EPS) estimates for American Financial Group in a report issued on Tuesday, November 19th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $3.19 for the quarter, up from their previous forecast of $3.09. 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 Q1 2025 earnings at $2.95 EPS, Q4 2025 earnings at $3.32 EPS, FY2025 earnings at $11.69 EPS, Q1 2026 earnings at $3.24 EPS, Q2 2026 earnings at $3.43 EPS and FY2026 earnings at $12.63 EPS.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The business had revenue of $2.06 billion for 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.45 earnings per share.

Several other equities analysts have also commented on the stock. Piper Sandler upped their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets boosted their target price on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th.

American Financial Group Trading Up 1.9 %

NYSE AFG opened at $146.49 on Friday. American Financial Group has a 12 month low of $110.53 and a 12 month high of $147.01. The stock has a market capitalization of $12.29 billion, a P/E ratio of 13.47 and a beta of 0.79. The firm’s 50-day moving average is $135.43 and its two-hundred day moving average is $130.70. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in AFG. Innealta Capital LLC purchased a new stake in American Financial Group during the 2nd quarter worth approximately $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the second quarter valued at $38,000. Covestor Ltd raised 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 acquiring an additional 346 shares in the last quarter. Blue Trust Inc. boosted its holdings in 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 purchasing an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC grew its stake 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 purchasing an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a dividend of $4.00 per share. The ex-dividend date is Friday, November 15th. This is a positive change from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 29.99%.

American Financial Group Company Profile

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.