American Financial Gears Up For Growth, Apt To Hold It Now
Zacks Investment Research | Aug 20, 2017 11:04PM ET
American Financial Group, Inc. (NYSE:AFG) remains poised for growth, riding on an impressive profile into that direction, consistent price increase in property and casualty business, plus effective capital deployment. The Zacks Rank #3 (Hold) insurer looks promising, banking on a number of growth drivers.
Positive Growth Projections: The Zacks Consensus Estimate for earnings per share is $6.80 on revenues of $987.2 million for 2017, reflecting a year-over-year increase 12.77%. For 2018, the Zacks Consensus Estimate for earnings per share is pegged at $6.75, though reflecting a slight slip of 0.74%.
American Financial has long-term expected earnings per share growth of 6.30%.
Northbound Estimates: The Zacks Consensus Estimate for 2017 has moved up 4.8% in the last 30 days, while the same for 2018 has inched up 1.5% over the same time frame.
An Outperformer: American Financial’s shares have rallied 15.37% year to date, outperforming the the complete list of today’s Zacks #1 Rank stocks here .
Atlas Financial underwrites commercial automobile insurance policies in the United States. The company delivered a four-quarter average positive surprise of 57.94%.
Markel markets and underwrites specialty insurance products in the United States and internationally. The company delivered positive surprises in all the last four quarters with the average beat being 21.06%.
Mercury General writes personal automobile insurance in the United States. The company delivered positive surprises in all the trailing four quarters with an average beat of 1.06%.
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