American Financial Group (AFG) to Release Quarterly Earnings on Wednesday

American Financial Group (NYSE:AFG) will be issuing its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $2.77 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to analyst estimates of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. The business’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $2.99 earnings per share. On average, analysts expect American Financial Group to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

American Financial Group Stock Performance

American Financial Group stock opened at $129.71 on Wednesday. American Financial Group has a twelve month low of $105.22 and a twelve month high of $137.71. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.88 billion, a P/E ratio of 12.91 and a beta of 0.79. The stock’s 50 day moving average is $129.36 and its 200 day moving average is $120.25.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be paid a $0.71 dividend. The ex-dividend date is Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.19%. American Financial Group’s dividend payout ratio is currently 28.26%.

Analyst Ratings Changes

AFG has been the subject of several recent analyst reports. Piper Sandler reaffirmed a “neutral” rating and issued a $129.00 price target on shares of American Financial Group in a research report on Monday, April 1st. Citigroup upped their target price on shares of American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a research note on Monday, March 25th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $133.50.

Insider Buying and Selling

In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now owns 45,372 shares in the company, valued at approximately $5,490,012. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of American Financial Group stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the sale, the senior vice president now owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lehman John I. Von sold 1,773 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total transaction of $222,476.04. Following the sale, the director now owns 12,343 shares of the company’s stock, valued at $1,548,799.64. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,843 shares of company stock worth $1,854,746. 14.50% of the stock is owned by corporate insiders.

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.