Zacks Research Has Bearish Estimate for AFG FY2024 Earnings

American Financial Group, Inc. (NYSE:AFG - Free Report) - Equities research analysts at Zacks Research decreased their FY2024 EPS estimates for American Financial Group in a research note issued on Monday, February 3rd. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $10.78 for the year, down from their prior estimate of $10.82. The consensus estimate for American Financial Group's current full-year earnings is $10.50 per share. Zacks Research also issued estimates for American Financial Group's Q2 2025 earnings at $2.71 EPS and Q1 2026 earnings at $3.23 EPS.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%.

A number of other research analysts have also weighed in on AFG. BMO Capital Markets raised their price target on shares of 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. Piper Sandler raised their price target on shares of American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered shares of American Financial Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $164.00 to $144.00 in a research report on Friday.

American Financial Group Stock Down 1.7 %

Shares of AFG traded down $2.23 during trading hours on Wednesday, reaching $126.42. 660,842 shares of the stock traded hands, compared to its average volume of 364,639. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $136.44 and a 200 day simple moving average of $134.78. American Financial Group has a 52 week low of $117.56 and a 52 week high of $150.19. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 11.96 and a beta of 0.83.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.53%. The ex-dividend date was Tuesday, January 14th. American Financial Group's dividend payout ratio is 30.27%.

Institutional Trading of American Financial Group

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in shares of American Financial Group by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider's stock valued at $44,832,000 after purchasing an additional 146,237 shares during the period. Franklin Resources Inc. increased its holdings in American Financial Group by 17.4% during the 3rd quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider's stock worth $6,833,000 after acquiring an additional 7,365 shares during the period. Argent Capital Management LLC increased its holdings in American Financial Group by 9.8% during the 4th quarter. Argent Capital Management LLC now owns 31,362 shares of the insurance provider's stock worth $4,294,000 after acquiring an additional 2,787 shares during the period. Quest Partners LLC increased its holdings in American Financial Group by 166.1% during the 3rd quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider's stock worth $953,000 after acquiring an additional 4,418 shares during the period. Finally, Geode Capital Management LLC increased its holdings in American Financial Group by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider's stock worth $208,699,000 after acquiring an additional 143,820 shares during the period. Institutional investors own 64.37% of the company's stock.

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.