American Financial Group, Inc. to Post Q4 2024 Earnings of $3.09 Per Share, Zacks Research Forecasts (NYSE:AFG)

American Financial Group, Inc. (NYSE:AFG - Free Report) - Zacks Research lifted their Q4 2024 EPS estimates for American Financial Group in a research report issued to clients and investors on Wednesday, May 15th. Zacks Research analyst T. De now anticipates that the insurance provider will earn $3.09 per share for the quarter, up from their previous estimate of $2.92. The consensus estimate for American Financial Group's current full-year earnings is $10.94 per share. Zacks Research also issued estimates for American Financial Group's Q2 2025 earnings at $3.09 EPS, Q3 2025 earnings at $2.46 EPS, Q4 2025 earnings at $2.79 EPS and Q1 2026 earnings at $3.31 EPS.

A number of other brokerages have also recently commented on AFG. Citigroup increased their price objective on shares of American Financial Group from $139.00 to $150.00 and gave the company a "buy" rating in a research note on Monday, March 25th. Piper Sandler raised their price objective on shares of American Financial Group from $129.00 to $135.00 and gave the stock a "neutral" rating in a research note on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $135.00.

American Financial Group Price Performance

Shares of AFG stock traded up $0.02 during mid-day trading on Friday, reaching $133.55. The stock had a trading volume of 230,177 shares, compared to its average volume of 323,615. The company has a market cap of $11.20 billion, a P/E ratio of 12.78 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.35. American Financial Group has a 12-month low of $105.22 and a 12-month high of $137.71. The business has a 50-day simple moving average of $130.62 and a 200 day simple moving average of $122.47.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.06. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. During the same period last year, the business posted $2.89 EPS.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.13%. American Financial Group's dividend payout ratio (DPR) is presently 27.18%.

Insider Activity

In other American Financial Group news, VP Mark A. Weiss sold 2,500 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $127.06, for a total transaction of $317,650.00. Following the transaction, the vice president now owns 7,553 shares of the company's stock, valued at approximately $959,684.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Mark A. Weiss sold 2,500 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the transaction, the vice president now directly owns 7,553 shares in the company, valued at approximately $959,684.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James E. Evans sold 2,274 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total transaction of $292,527.36. Following the completion of the sale, the director now owns 105,302 shares of the company's stock, valued at $13,546,049.28. The disclosure for this sale can be found here. Insiders sold a total of 9,667 shares of company stock valued at $1,228,450 over the last 90 days. Insiders own 14.50% of the company's stock.

Institutional Trading of American Financial Group

A number of institutional investors and hedge funds have recently made changes to their positions in AFG. Norges Bank purchased a new stake in American Financial Group during the fourth quarter valued at about $97,304,000. FMR LLC raised its holdings in American Financial Group by 16.1% in the third quarter. FMR LLC now owns 4,710,065 shares of the insurance provider's stock valued at $525,973,000 after buying an additional 654,442 shares during the period. Bahl & Gaynor Inc. lifted its position in American Financial Group by 447.1% during the third quarter. Bahl & Gaynor Inc. now owns 259,491 shares of the insurance provider's stock valued at $28,977,000 after buying an additional 212,057 shares in the last quarter. Victory Capital Management Inc. lifted its position in American Financial Group by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider's stock valued at $456,359,000 after buying an additional 191,269 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in American Financial Group by 1,804.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,652 shares of the insurance provider's stock worth $11,491,000 after buying an additional 91,577 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

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.