American Financial Group Inc (AFG) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.28 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.26. The company posted revenue of $1027.00 million in the period, compared to analysts expectations of $1093.93 million. The company’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
American Financial Group Inc closed down -0.56 points or -0.76% at $73.1 with 1,87,636 shares getting traded on Friday. Post opening the session at $73.39, the shares hit an intraday low of $72.92 and an intraday high of $73.49 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 11, 2016, James E Evans (director) sold 10,000 shares at $71.72 per share price. According to the SEC, on Mar 21, 2016, S Craig Lindner (Co-CEO & Co-President) sold 40,000 shares at $70.59 per share price. On Mar 11, 2016, Lehman John I Von (director) sold 2,043 shares at $70.07 per share price, according to the Form-4 filing with the securities and exchange commission.
American Financial Group Inc. (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company through Great American Insurance Group provides property and casualty insurance commercial products and also engaged in the sale of fixed and fixed-indexed annuities in the retail financial institutions and education markets. The Company operates in four segments: Property and casualty insurance Annuity Run-off long-term care and life and Other. AFG’s property and casualty operations provide a range of commercial coverages through the approximately 30 insurance businesses. AFG sells traditional fixed and fixed-indexed annuities in the retail financial institutions and education markets through independent producers and through direct relationships with certain financial institutions. Run-off Long-term Care receives renewal premiums on its in-force block of life insurance policies.