|Bid||100.94 x 1000|
|Ask||100.99 x 1000|
|Day's Range||99.68 - 101.23|
|52 Week Range||84.18 - 117.50|
|Beta (3Y Monthly)||1.05|
|PE Ratio (TTM)||17.24|
|Earnings Date||May 1, 2019|
|Forward Dividend & Yield||1.60 (1.66%)|
|1y Target Est||111.50|
In December 2018, American Financial Group, Inc. (NYSE:AFG) announced its earnings update. Overall, analysts seem fairly confident, as a 46% increase in profits is expected in t...
Progressive (NYSE:PGR) reports earnings Tuesday before the bell. The Mayfield Village, Ohio-based insurer comes off an unusual earnings miss in January and a bizarre lack of activity in recent weeks. After about two and a half years of mostly steady increases, PGR stock has become unusually stagnant. This low level of volatility makes the need for any news that can move PGR critical for attracting investors.Source: meteo via FlickrFor Q1, Wall Street estimates PGR will earn $1.37 per share on a consensus basis. If this estimate holds, it means profits will rise by 6.2% year-over-year. Progressive earned $1.29 per share in the first quarter of 2018. Analysts also predict $9.19 billion in revenue for the quarter. This would come in 15.3% higher than year-ago levels when the company brought in $7.97 billion.Investors have good reason to pay close attention to this report. PGR stock tends to beat earnings in most cases. However, whether the company beat estimates in January depends on how one defines earnings.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks That Are Screaming Buys Right Now If counting net realized losses on securities of $572.2 million, profits came in at only 44 cents per share, well off estimates of $1.01 per share. The company earned $1.24 per share when not counting the unusually high losses on securities. Investors will likely watch earnings to see if this massive net realized loss amounts to a one-time occurrence or if it happens again. PGR Stock Defined By Its Lack of ActivityEven more importantly, traders will look for something, perhaps anything, that will inspire movement in PGR stock. Since Feb. 20, Progressive stock has barely registered a pulse. Since that day, it has traded in a tight range between $71.39 per share and $73.78 per share.Progressive also hit a near-term peak of $73.69 per share in early November. However, even when considering a likely double top, such stagnation seems unusual. PGR stock rose more than 27% from its December lows until price movements nearly came to a halt.However, other insurance stocks have stood still at this time. Allstate (NYSE:ALL) and American Financial Group (NYSE:AFG) stock have shown a similar trading pattern. Although Travelers (NYSE:TRV) has moved higher since February, it too began to stand still in April. Traders May Look to Forward GuidanceLooking for any news that will move the stock, traders may also focus on the forward guidance. In this area, Wall Street has seen some reason for mildly bullish sentiment. Earnings estimates for this quarter have risen by 8 cents over the last three months. Profit predictions for the next quarter and the year have also increased.Still, it will probably need news of some kind to see significant movement. The current fundamentals offer little that can move PGR. Earnings estimates place the forward price-to-earnings (P/E) ratio at around 13.7. That valuation appears reasonable. However, the estimated profit growth of 0.4% this year and 6.2% in 2020 gives investors little reason to buy PGR. Moreover, a dividend yield of 0.55% will likely not inspire new investors. * 7 Energy Stocks to Buy as Oil Booms Should You Buy Into Earnings?PGR stock needs this quarterly report to inspire some movement in the stock. After a dramatic recovery from the December lows, the stock persisted with little change for nearly two months.Surprise news from the earnings report could potentially break PGR out of its tight range. However, the P/E ratio, growth rate and dividend payout offer little reason to either buy or short PGR stock.Also, even if the report catalyzes the equity, current valuations give little incentive to either buy or sell. For this reason, not only will Progressive stock need to move to attract investors, but it will also have to move enough to offer a value proposition.I do not see that level of price action occurring at this time. Hence, regardless of whether one is a bull or a bear, PGR stock looks like a stock to avoid for now.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Internet Stocks to Watch * 7 AI Stocks to Watch with Strong Long-Term Narratives * 10 Dow Jones Stocks Holding the Blue Chip Index Back Compare Brokers The post Progressive Stock Isn't Worth a Look Without a Catalyst appeared first on InvestorPlace.
American Financial Group, Inc. (AFG) expects to release its 2019 first quarter results after 5:00 p.m. (ET) on Wednesday, May 1, 2019. In conjunction with its release, AFG will hold a conference call to discuss 2019 first quarter results at 11:30 a.m. (ET) on Thursday, May 2, 2019. The conference ID for the live call is 2099628.
While the market driven by short-term sentiment influenced by uncertainty regarding the future of the interest rate environment in the US, declining oil prices and the trade war with China, many smart money investors kept their optimism regarding the current bull run in the fourth quarter, while still hedging many of their long positions. However, […]
American Financial Group Inc NYSE:AFGView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for AFG with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting AFG. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding AFG are favorable with net inflows of $71.59 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is strong relative to the trend shown over the past year. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. AFG credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! American Financial Group, Inc.'s (NYSE:AFG) announced its latest earnings update in December 2018, which revealed...
American Financial Group Inc. co-CEO Carl Lindner III, who also owns professional soccer club FC Cincinnati, has sold another chunk of his company’s stock.
American Financial Group, Inc. announced that it has declared a regular dividend of $0.40 per share of American Financial Group Common Stock. The dividend is payable on April 25, 2019 to holders of record at the close of business on April 15, 2019.
Co-CEO & Co-President of American Financial Group Inc (NYSE:AFG) Carl H Lindner Iii sold 74,940 shares of AFG on 03/27/2019 at an average price of $96.08 a share.
NEW YORK, March 28, 2019 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Co-CEO & Co-President of American Financial Group Inc (NYSE:AFG) Carl H Lindner Iii sold 83,436 shares of AFG on 03/19/2019 at an average price of $98.06 a share.
One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will work through how we can use ReturnRead More...
AM Best has assigned a Long-Term Issue Credit Rating of “bbb+” to the new $125 million 5.875% 40-year subordinated debentures, due 2059, of American Financial Group, Inc. .
American Financial's (AFG) new issuance reflects its wise move to capitalize on a low interest rate environment to obtain funds.
American Financial Group, Inc. (AFG) announced today that it priced an offering of $125 million aggregate principal amount of 5.875% Subordinated Debentures due March 2059 (the “Debentures”). The offering is expected to close on March 18, 2019, subject to customary closing conditions. The Company intends to apply to list the Debentures on the New York Stock Exchange under the symbol “AFGB”.
It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also plenty of examples of share prices declining precipitously after insidersRead More...
American Financial Group, Inc. (AFG) announced that its Board of Directors has elected Mary Beth Martin as a director and elected Gregory (“Greg”) G. Joseph to the newly created position of Lead Independent Director. Ms. Martin has over 20 years of experience in the banking and commercial real estate industries. During her career, she has led commercial real estate, private bank, trust, and asset management groups at regional banking institutions.
The lead unit of American Financial Group Inc. has promoted two people, including a relative of co-CEO Carl Lindner III, to senior executive roles.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Stephen Lindner has been the CEO ofRead More...
It turns out Carl Lindner III’s sports involvement goes well beyond his ownership of FC Cincinnati and a stake in the Cincinnati Reds.
American Financial Group, Inc. announced today that Carl H. Lindner III and S. Craig Lindner, Co-Chief Executive Officers and Joseph E. Consolino, Executive Vice President and Chief Financial Officer, will make a company presentation at the Bank of America Merrill Lynch 2019 Insurance Conference, being held in New York City on Wednesday, February 13, 2019 at 8:35 am .