Here's Why You Should Hold American Financial (AFG) Now
Zacks Investment Research | Nov 21, 2017 10:49PM ET
American Financial Group, Inc. (NYSE:AFG) remains well-poised for growth, banking on better pricing, solid capital management and improving industry fundamentals. The Zacks Rank #3 (Hold) property and casualty bears holds immense potential owing to a few good growth drivers.
Growth Projections: The Zacks Consensus Estimate for earnings per share is $6.05 for 2017 and $6.75 for 2018. Though the consensus mark for 2017 reflects a year-over-year increase of 0.3%, the same for 2018 improved 11.6%.
The expected long-term earnings growth is pegged at 5.8%.
Northbound Estimates: The stock has seen the Zacks Consensus Estimate for current-year earnings being revised 1.9% upward over the last 30 days.
Price Performance: Shares of American Financial have rallied 16.3% year to date, outperforming the .
Infinity Property and Casualty provides personal automobile insurance products in the United States. Last quarter, the company delivered an earnings surprise of 1050%. Shares of the company have rallied 23.5% year to date. The stock carries a Zacks Rank #2 (Buy).
Donegal Group provides property and casualty insurance to businesses and individuals in the Mid-Atlantic, Midwestern, New England and Southern states. The company pulled off a 78.57% earnings surprise in the preceding quarter. Shares of the company have gained 0.7% year to date. The stock carries a Zacks Rank of 2.
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