Zacks Research Has Negative Outlook for AFG FY2024 Earnings

American Financial Group, Inc. (NYSE:AFG) – Investment analysts at Zacks Research dropped their FY2024 earnings estimates for American Financial Group in a report released 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 previous forecast of $10.82. The consensus estimate for American Financial Group’s current full-year earnings is $10.83 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.

AFG has been the subject of a number of other reports. BMO Capital Markets increased their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods cut their price objective on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Piper Sandler boosted their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

American Financial Group Price Performance

AFG opened at $128.74 on Wednesday. American Financial Group has a 12-month low of $115.64 and a 12-month high of $150.19. The firm has a market capitalization of $10.80 billion, a P/E ratio of 12.07 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $137.23 and a 200-day moving average of $134.81.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%.

Hedge Funds Weigh In On American Financial Group

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted 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 worth $44,832,000 after buying an additional 146,237 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of American Financial Group by 17.4% in the 3rd quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider’s stock valued at $6,833,000 after acquiring an additional 7,365 shares in the last quarter. Quest Partners LLC lifted its holdings in American Financial Group by 166.1% in the 3rd quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider’s stock worth $953,000 after purchasing an additional 4,418 shares during the last quarter. Argent Capital Management LLC boosted its position in American Financial Group by 9.8% during the fourth quarter. Argent Capital Management LLC now owns 31,362 shares of the insurance provider’s stock worth $4,294,000 after purchasing an additional 2,787 shares during the period. Finally, Geode Capital Management LLC grew its holdings in American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after purchasing an additional 143,820 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s dividend payout ratio is presently 29.99%.

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.