Zacks Research Issues Pessimistic Estimate for AFG Earnings

American Financial Group, Inc. (NYSE:AFG) – Stock analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of American Financial Group in a research report issued on Tuesday, November 19th. Zacks Research analyst T. De now expects that the insurance provider will earn $10.82 per share for the year, down from their prior forecast of $10.92. 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 Q3 2025 earnings at $2.70 EPS and Q3 2026 earnings at $2.90 EPS.

Other research analysts have also issued research reports about the company. BMO Capital Markets boosted their price objective 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. Piper Sandler upped their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Stock Up 1.8 %

Shares of NYSE:AFG opened at $140.85 on Thursday. The company’s fifty day moving average is $135.06 and its two-hundred day moving average is $130.53. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group has a 1-year low of $109.07 and a 1-year high of $144.81. The stock has a market capitalization of $11.82 billion, a price-to-earnings ratio of 13.20 and a beta of 0.79.

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 firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 earnings per share.

Hedge Funds Weigh In On American Financial Group

Hedge funds have recently made changes to their positions in the business. Vident Advisory LLC lifted its position in shares of American Financial Group by 360.7% during the 1st quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after acquiring an additional 21,261 shares during the last quarter. Oak Thistle LLC acquired a new stake in American Financial Group during the 2nd quarter worth about $987,000. Assenagon Asset Management S.A. boosted its holdings in shares of American Financial Group by 302.7% in the second quarter. Assenagon Asset Management S.A. now owns 51,509 shares of the insurance provider’s stock worth $6,337,000 after buying an additional 38,718 shares during the period. FCG Investment Co purchased a new position in shares of American Financial Group in the third quarter worth approximately $1,058,000. Finally, Bahl & Gaynor Inc. lifted its holdings in shares of American Financial Group by 8.6% in the second quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock valued at $60,528,000 after purchasing an additional 38,937 shares in the last quarter. Institutional investors and hedge funds 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 issued a $4.00 dividend. This is an increase from American Financial Group’s previous None dividend of $1.00. The ex-dividend date is Friday, November 15th. American Financial Group’s dividend payout ratio is presently 29.99%.

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.