Zacks: American Financial Group Inc (NYSE:AFG) Receives Consensus Rating of “Strong Buy” from Analysts

Shares of American Financial Group Inc (NYSE:AFG) have been given a consensus broker rating score of 1.33 (Strong Buy) from the three brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy recommendation and two have given a strong buy recommendation to the company.

Brokerages have set a 12 month consensus price target of $80.00 for the company and are predicting that the company will post $1.56 EPS for the current quarter, according to Zacks. Zacks has also given American Financial Group an industry rank of 78 out of 265 based on the ratings given to related companies.

Separately, Zacks Investment Research lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 14th.

In other news, insider John B. Berding sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 1st. The shares were sold at an average price of $74.67, for a total transaction of $1,493,400.00. Following the transaction, the insider now owns 61,284 shares in the company, valued at $4,576,076.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Evans sold 9,930 shares of the company’s stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $72.51, for a total transaction of $720,024.30. Following the transaction, the director now owns 131,975 shares in the company, valued at approximately $9,569,507.25. The disclosure for this sale can be found here.

Shares of American Financial Group (NYSE:AFG) opened at 72.08 on Monday. American Financial Group has a 52 week low of $57.50 and a 52 week high of $75.68. The company’s 50 day moving average is $72.52 and its 200-day moving average is $70.19. The stock has a market capitalization of $6.30 billion and a PE ratio of 18.46.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.44 by $0.06. The firm had revenue of $1.68 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company earned $1.40 EPS. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. On average, equities analysts predict that American Financial Group will post $5.44 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Friday, January 15th will be issued a $0.28 dividend. This is a boost from American Financial Group’s previous quarterly dividend of $0.20. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.55%.

12 Month Chart for NYSE:AFG

American Financial Group, Inc. (NYSE:AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, provides property and casualty insurance, commercial products, and also engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. The Company operates in four segments: Property and casualty insurance, Annuity, Run-off long-term care and life, and Other. AFG’s property and casualty operations provide a range of commercial coverages through the approximately 30 insurance businesses. AFG sells traditional fixed and fixed-indexed annuities in the retail, financial institutions and education markets through independent producers and through direct relationships with certain financial institutions. Run-off Long-term Care receives renewal premiums on its in-force block of life insurance policies.

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