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American Financial (AFG) Boosts Quarterly Dividend by 12.7%
ZACKS· 2024-08-22 13:16
American Financial Group (AFG) recently announced a substantial increase in its annual common stock dividend, showcasing its commitment to rewarding its shareholders. This move is a testament to the insurer’s strong financial position and long-term growth prospects.Approved by the board of directors, the regular annual dividend has now been increased to $3.20 per share of common stock from $2.84. This increment represents a remarkable 12.7% rise over the previously declared rate. From October 2024, the incr ...
American Financial (AFG) - 2024 Q2 - Quarterly Report
2024-08-08 18:49
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 June 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, Cinci ...
American Financial (AFG) - 2024 Q2 - Earnings Call Transcript
2024-08-07 21:44
American Financial Group, Inc. (NYSE:AFG) Q2 2024 Results Conference Call August 7, 2024 11:30 AM ET Company Participants Diane Weidner - Vice President of Investor Relations Carl Lindner - Co-CEO Craig Lindner - Co-CEO Brian Hertzman - CFO Conference Call Participants Michael Zaremski - BMO Capital Markets Gregory Peters - Raymond James Charlie Lederer - Citigroup Paul Newsome - Piper Sandler Andrew Andersen - Jefferies Meyer Shields - Keefe, Bruyette, & Woods Bob Farnam - Janney Montgomery Scott Charlie L ...
American Financial (AFG) Q2 Earnings Top on Solid Underwriting
ZACKS· 2024-08-07 13:01
American Financial Group, Inc. (AFG) reported second-quarter 2024 net operating earnings per share of $2.56, which beat the Zacks Consensus Estimate by 1.2%. The bottom line increased 8% year over year.American Financial’s results reflected higher premiums, lower catastrophe losses and improved underwriting profit at Property & Transportation Group, Specialty Casualty Group and Specialty Financial Group, partially offset by lower net investment income.Behind the Headlines  Total revenues of $1.8 billion ros ...
American Financial (AFG) - 2024 Q2 - Quarterly Results
2024-08-07 12:01
Exhibit 99.1 American Financial Group, Inc. Announces Second Quarter Results • Net earnings per share of $2.49; includes $0.07 per share loss from non-core items • Second quarter core net operating earnings per share of $2.56, 8% higher than the comparable period • Second quarter annualized ROE of 18.0%; core operating ROE of 18.5% • Second quarter Specialty calendar year combined ratio improved 1.4 points YOY to 90.5% • Overall average renewal rate increases excluding workers' compensation of 8% CINCINNATI ...
American Financial Group: Solid Underwriting In Q2 With Potential Benefits From Rental Inflation
Seeking Alpha· 2024-08-07 05:01
teekid/E+ via Getty Images Shares of American Financial Group (NYSE:AFG) have been a moderate performer over the past year, rising by 13%, though it has also paid $4 in special dividends alongside its quarterly $0.71 payout. I last covered AFG in May, rating shares a “buy,” though shares have underperformed a bit, down 4% in a flat market environment. While growth was slow, Q2 results were solid, and a potential turn in apartment rents should provide added benefit to 2025 earnings. I remain bullish. S ...
American Financial (AFG) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-07 00:31
American Financial Group (AFG) reported $1.8 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.1%. EPS of $2.56 for the same period compares to $2.38 a year ago.The reported revenue represents a surprise of -10.72% over the Zacks Consensus Estimate of $2.02 billion. With the consensus EPS estimate being $2.53, the EPS surprise was +1.19%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to d ...
American Financial Group (AFG) Beats Q2 Earnings Estimates
ZACKS· 2024-08-06 23:46
American Financial Group (AFG) came out with quarterly earnings of $2.56 per share, beating the Zacks Consensus Estimate of $2.53 per share. This compares to earnings of $2.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.19%. A quarter ago, it was expected that this property and casualty insurer would post earnings of $2.77 per share when it actually produced earnings of $2.76, delivering a surprise of -0.36%.Over the las ...
Is the Options Market Predicting a Spike in American Financial (AFG) Stock?
ZACKS· 2024-06-27 13:30
Investors in American Financial Group, Inc. (AFG) need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 20, 2024 $62.5 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. I ...
Here's Why You Should Retain American Financial (AFG) Stock
ZACKS· 2024-06-26 19:01
American Financial Group, Inc. (AFG) is set to gain from new business opportunities, increased exposures, a better renewal rate environment, improved combined ratio, stronger underwriting profit and effective capital deployment. These, along with solid growth projections, make the stock worth retaining.Earnings of this Zacks Rank #3 (Hold) insurer have grown 6.1% in the last five years. It has a VGM Score of A. This helps to identify stocks with the most attractive value, growth and momentum.Its shares have ...