American Financial Group Inc. (NYSE:AFG) Director Terry S. Jacobs sold 400 shares of the stock in a transaction that occurred on Friday, September 23rd. The stock was sold at an average price of $75.57, for a total value of $30,228.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at $151,140. The sale was disclosed in a filing with the SEC, which is available through this link.
Shares of American Financial Group Inc. (NYSE:AFG) opened at 74.53 on Friday. The firm has a market cap of $6.48 billion, a P/E ratio of 19.05 and a beta of 0.79. American Financial Group Inc. has a 12 month low of $64.87 and a 12 month high of $76.03. The stock’s 50 day moving average price is $74.55 and its 200-day moving average price is $72.14.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The firm earned $1.58 billion during the quarter, compared to analysts’ expectations of $1.06 billion. American Financial Group had a net margin of 5.46% and a return on equity of 9.74%. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share. Equities research analysts anticipate that American Financial Group Inc. will post $5.70 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in AFG. Advisor Group Inc. acquired a new position in shares of American Financial Group during the second quarter worth approximately $108,000. IFP Advisors Inc boosted its position in American Financial Group by 97.3% in the first quarter. IFP Advisors Inc now owns 2,129 shares of the company’s stock worth $150,000 after buying an additional 1,050 shares during the period. Checchi Capital Advisers LLC boosted its position in American Financial Group by 2.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,028 shares of the company’s stock worth $150,000 after buying an additional 42 shares during the period. Advisor Partners LLC purchased a new position in American Financial Group during the second quarter worth about $212,000. Finally, Commerce Bank purchased a new position in American Financial Group during the second quarter worth about $217,000. Hedge funds and other institutional investors own 59.89% of the company’s stock.
A number of equities analysts have issued reports on AFG shares. Zacks Investment Research raised American Financial Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 28th. Sandler O’Neill raised American Financial Group from a “hold” rating to a “buy” rating and increased their price target for the company from $74.00 to $81.00 in a research note on Friday, August 12th. Finally, Janney Montgomery Scott reaffirmed a “buy” rating on shares of American Financial Group in a research note on Thursday, June 30th.
About American Financial Group
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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