analysts predict afg will report $8.88 per share for fiscal year 2022

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American Financial ($NYSE:AFG) Group, Inc. (NYSE: AFG) is a leading provider of insurance and financial services. The company is expected to report earnings per share of $8.88 for the fiscal year 2022, according to Zacks Investment Research. Analysts believe that American Financial Group will benefit from continued growth in the property and casualty insurance market, as well as from the company’s focus on improving operational efficiency.

American Financial Group has a strong financial position, with a strong balance sheet and strong cash flow. The company’s shares have performed well in recent years, and analysts believe that there is potential for further upside.

Earnings

This is based on the company’s earning report for FY2022 Q3, which showed total revenue of 6.5 billion dollars and net income of 1.0 billion dollars. Compared to the previous year, this represents a 1.5% decrease in total revenue and a 50.0% decrease in net income. However, it should be noted that over the last three years, AMERICAN FINANCIAL‘s total revenue has actually increased from 7.9 billion dollars to 6.5 billion dollars.

Market Price

So far, news coverage of the company has been mostly positive. On Friday, AMERICAN FINANCIAL stock opened at $141.8 and closed at $142.1, up by 1.4% from the last closing price of $140.2. This indicates that investors are confident in the company’s future prospects.

VI Analysis

American Financial Group Inc. is a holding company that operates insurance and investment businesses through its subsidiaries. The Company’s insurance subsidiaries specialize in property and casualty insurance, focusing on specialized commercial products for businesses, and in the sale of fixed and indexed annuities in the retail, financial institution and education markets. The Company’s investment operations are conducted through Great American Capital Partners, LLC, a specialty finance company that provides financing solutions for the commercial property Casualty industry. American Financial Group Inc., through its subsidiary, National Interstate Corporation, provides property and casualty insurance products focused on the transportation industry.

VI Peers

The company’s main competitors are HCI Group Inc, The Hanover Insurance Group Inc, and Donegal Group Inc.

– HCI Group Inc ($NYSE:HCI)

The company’s market cap is 280.02M as of 2022 and its ROE is -1.61%. The company is a provider of healthcare services.

– The Hanover Insurance Group Inc ($NYSE:THG)

The Hanover Insurance Group, Inc., together with its subsidiaries, provides various property and casualty products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers property, automobile liability, workers’ compensation, commercial multi-peril, and surety products to small, medium, and large businesses, including professional service organizations, contractors, real estate firms, retailers, and not-for-profit organizations. The Personal Lines segment provides personal automobile and homeowners insurance products to individuals. The Other segment offers reinsurance products. The company markets and distributes its products and services through independent local, regional, and national agents and brokers.

– Donegal Group Inc ($NASDAQ:DGICA)

As of 2022, Donegal Group Inc has a market cap of 461.86M. It has a return on equity of 0.82%. The company provides insurance products and services to policyholders in the United States. Its products include personal automobile, homeowners, commercial automobile, workers’ compensation, and commercial property and liability insurance, as well as surety bonds.

Summary

Some analysts are predicting that AMERICAN FINANCIAL will report earnings of $8.88 per share for the fiscal year 2022. So far, news coverage of the company has been mostly positive. Investing in AMERICAN FINANCIAL could be a good way to profit from the company’s expected growth.