What is Zacks Research’s Estimate for AFG FY2024 Earnings?

American Financial Group, Inc. (NYSE:AFG) – Zacks Research lowered their FY2024 EPS estimates for shares of American Financial Group in a report issued on Tuesday, November 19th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $10.82 for the year, down from their previous 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.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion during 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%. The firm’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the business earned $2.45 EPS.

AFG has been the subject of several other research reports. BMO Capital Markets upped 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 target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

American Financial Group Stock Performance

AFG stock opened at $146.49 on Thursday. The company has a 50-day simple moving average of $135.43 and a 200 day simple moving average of $130.70. American Financial Group has a fifty-two week low of $110.53 and a fifty-two week high of $147.01. The company has a market capitalization of $12.29 billion, a P/E ratio of 13.47 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 29.99%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC raised its stake in American Financial Group by 3.8% in the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of American Financial Group by 10.2% in the 3rd 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 period. Bank of Montreal Can boosted its position in shares of American Financial Group by 251.1% during the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock worth $19,442,000 after purchasing an additional 105,764 shares in the last quarter. State Street Corp increased its stake in American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after purchasing an additional 104,172 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in American Financial Group by 123.4% during the third quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock worth $15,486,000 after buying an additional 63,541 shares in the last quarter. 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.