As expected, the Fed cut the interest rate by 25 basis points to a target range of 4.25-4.50%, representing a full 1% drop since September. This marks the third rate cut since September this year as the inflation rate is expected to move to its desired 2% benchmark. However, the Fed now expects inflation to be at 2.5% through next year. Though there should be more cuts next year, as the Fed wants to take the rate between 3.75% and 4% by the end of 2025, the magnitude and the number of cuts is now anyone's g ...

Shares of American Financial Group, Inc. (AFG) have rallied 24.4% year to date, outperforming the Finance sector’s return of 24.1%. It, however, underperformed the industry’s growth of 34.3% and the S&P 500 composite’s return of 26.5%.Image Source: Zacks Investment ResearchWith a market capitalization of $12.41 billion, the average volume of shares traded in the last three months was 0.3 million.American Financial closed at $147.93 on Wednesday, near its 52-week high of $150.19. This proximity underscores i ...

The Zacks Property and Casualty Insurance industry is well-poised to benefit from better pricing, prudent underwriting, increased exposure, an improving rate environment and a solid capital position. With the ongoing economic expansion, insurers remain well-poised for growth. The buoyancy in the industry is further confirmed by its Zacks Industry Rank #31, which places it in the top 12% of more than 250 Zacks industries.However, industry players continue to grapple with issues like higher catastrophe events ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ____ to ____ Commission File No. 1-13653 AMERICAN FINANCIAL GROUP, INC. Incorporated under the Laws of Ohio IRS Employer I.D. No. 31-1544320 301 East Fourth Street, ...

Shares of American Financial Group (NYSE: AFG ) have been a moderate performer over the past year, gaining about 19%, though concerns about catastrophe losses amid a late hurricane season had caused shares to pullback in recent weeks. On Wednesday, sharesOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, ...

American Financial Group, Inc. (NYSE:AFG) Q3 2024 Earnings Conference Call November 6, 2024 11:30 AM ET Company Participants Diane Weidner - VP, IR Carl Lindner - Co-CEO Craig Lindner - Co-CEO Brian Hertzman - CFO Conference Call Participants Michael Zaremski - BMO Andrew Andersen - Jefferies Meyer Shields - Keefe, Bruyette, & Woods Operator Good day, and thank you for standing by. Welcome to the American Financial Group Third Quarter 2024 Conference Call [Operator Instructions]. Please be advised that toda ...

American Financial Group, Inc. (AFG) reported third-quarter 2024 net operating earnings per share of $2.31, which missed the Zacks Consensus Estimate by 7.9%. The bottom line decreased 5.7% year over year. The decrease was due to higher year-over-year catastrophe losses related primarily to Hurricane Helene and lower favorable prior-year reserve development in the Specialty Property and Casualty (P&C) insurance operations, partially offset by higher investment income.Stay up-to-date with all quarterly relea ...

Press Release For Immediate Release American Financial Group, Inc. Announces Third Quarter Results and Declares Special Dividend • Net earnings per share of $2.16; includes ($0.15) per share in after-tax non-core items • Core net operating earnings $2.31 per share • Third quarter annualized ROE of 15.2%; core operating ROE of 16.2% • Overall average renewal rate increases excluding workers' compensation of 8% • Board of Directors declares $4.00 per share special dividend, payable November 26, 2024 CINCINNAT ...

For the quarter ended September 2024, American Financial Group (AFG) reported revenue of $2.28 billion, up 10.4% over the same period last year. EPS came in at $2.31, compared to $2.45 in the year-ago quarter. The reported revenue represents a surprise of +10.69% over the Zacks Consensus Estimate of $2.06 billion. With the consensus EPS estimate being $2.51, the EPS surprise was -7.97%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...

American Financial Group (AFG) came out with quarterly earnings of $2.31 per share, missing the Zacks Consensus Estimate of $2.51 per share. This compares to earnings of $2.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.97%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $2.53 per share when it actually produced earnings of $2.56, delivering a surprise of 1.19%.Over the las ...