American Economic Team (NYSE:AFG) Releases Earnings Outcomes, Beats Estimates By $.96 EPS

American Economical Team (NYSE:AFG) posted its quarterly earnings info on Tuesday. The insurance supplier documented $3.09 earnings for every share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.13 by $.96, experiences. American Economical Team experienced a internet margin of 3.38{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} and a return on fairness of 11.80{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0}. The enterprise experienced income of $2.62 billion all through the quarter, in comparison to the consensus estimate of $1.39 billion. All through the exact period in the prior year, the firm attained $2.22 EPS. American Fiscal Group’s quarterly revenue was up 23.1{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0} as opposed to the exact quarter final 12 months.

Shares of AFG stock traded up $2.97 during mid-day buying and selling on Thursday, achieving $96.40. The stock had a investing volume of 993,311 shares, as opposed to its ordinary volume of 602,544. American Economical Group has a just one calendar year low of $44.01 and a just one 12 months high of $115.03. The business has a marketplace cap of $8.37 billion, a PE ratio of 34.55 and a beta of .92. The firm’s 50 day very simple going average is $88.08 and its 200 working day uncomplicated shifting common is $77.11. The firm has a speedy ratio of .18, a recent ratio of .18 and a personal debt-to-equity ratio of .33.

The firm also not too long ago declared a quarterly dividend, which was paid on Monday, January 25th. Buyers of record on Friday, January 15th were being paid a dividend of $.50 for every share. The ex-dividend date of this dividend was Thursday, January 14th. This represents a $2.00 annualized dividend and a yield of 2.07{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0}. American Economic Group’s dividend payout ratio is 23.20{23996c8f5258275f450f40d5a867c22ad72c04895f28059581bc525cc6cb4bd0}.

AFG has been the issue of a quantity of research analyst reviews. Zacks Expenditure Investigate lifted shares of American Fiscal Team from a “hold” score to a “buy” ranking and established a $92.00 goal cost for the firm in a analysis report on Tuesday, December 15th. TheStreet reduce American Money Team from a “b” rating to a “c+” score in a study report on Wednesday, October 28th. Credit rating Suisse Team enhanced their target price on American Economical Group from $95.75 to $110.00 and gave the enterprise an “outperform” score in a research take note on Thursday, January 28th. Last but not least, Piper Sandler lifted their cost goal on American Economic Team from $78.00 to $81.00 and gave the stock an “overweight” score in a study report on Tuesday, October 27th. Two analysis analysts have rated the inventory with a maintain ranking and four have given a buy score to the company’s stock. The stock has an normal ranking of “Buy” and an regular concentrate on rate of $89.40.

American Economic Team Business Profile

American Financial Team, Inc, an insurance policy keeping firm, offers property and casualty coverage solutions in the United States. The business operates through a few segments: Residence and Casualty Insurance coverage, Annuity, and Other. It gives assets and transportation coverage products and solutions, this kind of as physical problems and liability protection for buses, trucks, inland and ocean marine, agricultural-similar items, and other business house coverages specialty casualty coverage, together with largely excess and surplus, normal legal responsibility, executive and professional liability, umbrella and excessive liability, and specialty coverage in qualified markets, as properly as custom made systems for tiny to mid-sized businesses and workers’ compensation insurance policy and specialty financial insurance plan products comprising threat administration insurance policy courses for lending and leasing institutions, surety and fidelity merchandise, and trade credit rating coverage.

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Earnings History for American Financial Group (NYSE:AFG)

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Rachel C. Carpenter

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