American Financial Group Inc (NYSE: AFG) has reported earnings for its first fiscal quarter (ending March 31) of $2.89 versus $2.49 for the same period a year ago — an increase of 16%. However, this result fell short of the consensus estimate of $3.00 by $-0.11. For the latest four quarters through March 31, E.P.S. were $10.47 compared to $9.64 a year ago — an increase of 9%.
Recent Price Action
American Financial Group Inc (NYSE: AFG) stock rose modestly by 0.8% on 5/1/24. The stock closed at $128.74. However, unusually low trading volume at 63% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -0.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, AFG is expected to continue to be a major Value Builder.
American Financial Group has a current Value Trend Rating of C (Low Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. American Financial Group has a poor Appreciation Score of 20 but a good Power Rating of 74, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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