American Financial: A Strong Buy - Analyst Blog
03 1월 2013 - 5:30PM
Zacks
On January 2, Zacks Investment Research upgraded
American Financial Group Inc. (AFG) to a Zacks
Rank #1 (Strong Buy).
Why the Upgrade?
American Financial has been witnessing rising earnings estimates on
the back of a strong solid third-quarter performance and an
enhanced guidance for 2012. Moreover, this property & casualty
insurer delivered positive earnings surprises in all the 4 quarters
with an average beat of 18.7%. The long-term expected earnings
growth rate for this stock is 8%.
American Financial reported third-quarter results on October 29.
Non-GAAP earnings per share came in at 82 cents, surpassing the
Zacks Consensus Estimate by 39%. However, it lagged the year-ago
number by 8.9%.
The upside was largely due to higher income in the Annuity and
Supplemental Insurance Group.
Based on its progress and to accommodate the expected loss from
Hurricane Sandy, the company revised its earnings per share
projection for 2012 to $3.10–$3.30 from $3.10–$3.50.
Additionally, American Financial declared a special dividend of 25
cents per share, besides an 11.4% hike in its regular quarterly
dividend.
The Zacks Consensus Estimate for 2012 is $2.66 per share as 3 of
the 7 estimates were revised upward over the last 60 days. The
current estimate is below the guidance range provided by American
Financial. For 2013, one estimate moved higher over the same time
frame, lifting the Zacks Consensus Estimate by 1.1% to $3.71 per
share.
Other Stocks to Consider
The following property & casualty insurers with a favorable
Zacks Rank are also performing well and are worth considering.
1) Emc Insurance Group Inc.
(EMCI) carries a Zacks #1 Rank (Strong Buy)
2) Global Indemnity Plc Ireland
(GBLI) holds a Zacks #1 Rank (Strong Buy)
AMER FINL GROUP (AFG): Free Stock Analysis Report
EMC INSURANCE (EMCI): Free Stock Analysis Report
GLOBAL INDEMNTY (GBLI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
American Financial (NYSE:AFG)
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부터 6월(6) 2024 으로 7월(7) 2024
American Financial (NYSE:AFG)
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부터 7월(7) 2023 으로 7월(7) 2024