American Financial Group Inc (NYSE:AFG) – Equities research analysts at Piper Sandler upped their Q1 2020 earnings per share estimates for American Financial Group in a report released on Wednesday, March 11th. Piper Sandler analyst P. Newsome now anticipates that the insurance provider will post earnings per share of $2.41 for the quarter, up from their prior estimate of $2.40. Piper Sandler currently has a “Overweight” rating and a $100.00 price target on the stock. Piper Sandler also issued estimates for American Financial Group’s Q2 2020 earnings at $2.14 EPS, Q3 2020 earnings at $1.91 EPS, Q4 2020 earnings at $2.43 EPS, Q1 2021 earnings at $2.32 EPS, Q2 2021 earnings at $2.11 EPS, Q3 2021 earnings at $1.91 EPS, Q4 2021 earnings at $2.49 EPS and FY2021 earnings at $8.83 EPS.
American Financial Group (NYSE:AFG) last issued its earnings results on Monday, February 3rd. The insurance provider reported $2.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.21 by $0.01. American Financial Group had a net margin of 10.89% and a return on equity of 12.87%. The business had revenue of $1.37 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm posted $1.75 EPS. The business’s revenue for the quarter was up 7.9% compared to the same quarter last year.
Separately, ValuEngine lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, December 5th.
Shares of AFG stock opened at $76.24 on Friday. The company’s fifty day simple moving average is $103.86 and its 200-day simple moving average is $106.25. The company has a market cap of $6.55 billion, a PE ratio of 7.72, a P/E/G ratio of 1.43 and a beta of 0.91. American Financial Group has a 52 week low of $69.05 and a 52 week high of $115.03. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.23.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in AFG. Wealth Quarterback LLC acquired a new stake in American Financial Group during the 4th quarter valued at $2,593,210,000. Norges Bank acquired a new stake in American Financial Group during the 4th quarter valued at $94,194,000. Alliancebernstein L.P. grew its holdings in American Financial Group by 12.5% during the 4th quarter. Alliancebernstein L.P. now owns 1,838,785 shares of the insurance provider’s stock valued at $201,623,000 after purchasing an additional 204,999 shares in the last quarter. Schroder Investment Management Group grew its holdings in American Financial Group by 25.1% during the 4th quarter. Schroder Investment Management Group now owns 844,519 shares of the insurance provider’s stock valued at $92,601,000 after purchasing an additional 169,431 shares in the last quarter. Finally, Macquarie Group Ltd. grew its holdings in American Financial Group by 103.0% during the 4th quarter. Macquarie Group Ltd. now owns 277,124 shares of the insurance provider’s stock valued at $30,387,000 after purchasing an additional 140,600 shares in the last quarter. 65.88% of the stock is owned by institutional investors and hedge funds.
American Financial Group Company Profile
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.