American Financial Group Inc. (NYSE:AFG) announced a quarterly dividend on Monday, October 3rd. Stockholders of record on Friday, October 14th will be given a dividend of 0.3125 per share on Tuesday, October 25th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.68%. This is a boost from American Financial Group’s previous quarterly dividend of $0.28.
Shares of American Financial Group (NYSE:AFG) opened at 74.37 on Tuesday. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 19.01 and a beta of 0.76. American Financial Group has a 12-month low of $64.87 and a 12-month high of $76.03. The stock’s 50 day moving average is $74.60 and its 200-day moving average is $72.22.
American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 2nd. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates 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 period last year, the firm posted $1.28 earnings per share. Equities analysts anticipate that American Financial Group will post $5.70 EPS for the current fiscal year.
In other American Financial Group news, VP Vito C. Peraino sold 4,041 shares of the firm’s stock in a transaction on Thursday, September 8th. The stock was sold at an average price of $75.20, for a total value of $303,883.20. Following the completion of the sale, the vice president now owns 63,768 shares of the company’s stock, valued at $4,795,353.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Terry S. Jacobs sold 400 shares of the firm’s stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $75.57, for a total value of $30,228.00. Following the completion of the sale, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $151,140. The disclosure for this sale can be found here. 14.90% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Martingale Asset Management L P increased its stake in American Financial Group by 17.7% in the second quarter. Martingale Asset Management L P now owns 314,330 shares of the company’s stock worth $23,240,000 after buying an additional 47,282 shares during the period. BlueMountain Capital Management LLC increased its stake in American Financial Group by 268.8% in the second quarter. BlueMountain Capital Management LLC now owns 34,314 shares of the company’s stock worth $2,537,000 after buying an additional 25,010 shares during the period. Comerica Bank increased its stake in American Financial Group by 2.9% in the second quarter. Comerica Bank now owns 49,562 shares of the company’s stock worth $3,644,000 after buying an additional 1,413 shares during the period. GAM Holding AG increased its stake in American Financial Group by 50.8% in the second quarter. GAM Holding AG now owns 38,359 shares of the company’s stock worth $2,836,000 after buying an additional 12,920 shares during the period. Finally, Advisor Partners LLC acquired a new stake in American Financial Group during the second quarter worth approximately $212,000. 59.89% of the stock is owned by institutional investors.
AFG has been the topic of a number of research reports. Janney Montgomery Scott restated a “buy” rating on shares of American Financial Group in a research report on Thursday, June 30th. Zacks Investment Research lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, July 4th. Finally, Sandler O’Neill raised American Financial Group from a “hold” rating to a “buy” rating and increased their price target for the stock from $74.00 to $81.00 in a report on Friday, August 12th.
American Financial Group Company Profile
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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