American Financial Group (NYSE:AFG) Insider Sells $1,535,518.50 in Stock

American Financial Group, Inc. (NYSE:AFG) insider David Lawrence Thompson, Jr. sold 11,370 shares of American Financial Group stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total transaction of $1,535,518.50. Following the completion of the sale, the insider directly owned 584,098 shares of the company’s stock, valued at $78,882,434.90. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

American Financial Group Price Performance

American Financial Group stock opened at $138.86 on Friday. American Financial Group, Inc. has a 1 year low of $122.11 and a 1 year high of $150.02. The firm has a 50 day moving average price of $132.87 and a 200 day moving average price of $131.87. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 13.20 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.70 billion. During the same quarter last year, the business earned $1.81 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. Sell-side analysts predict that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, April 15th. American Financial Group’s dividend payout ratio (DPR) is currently 33.46%.

Institutional Investors Weigh In On American Financial Group

Several large investors have recently modified their holdings of AFG. Royal Bank of Canada grew its holdings in shares of American Financial Group by 11.1% during the first quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after buying an additional 7,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in American Financial Group in the first quarter worth approximately $2,330,000. Jones Financial Companies Lllp raised its holdings in shares of American Financial Group by 145.8% during the 1st quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock valued at $168,000 after purchasing an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in American Financial Group by 144.8% during the second quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after buying an additional 469 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in American Financial Group by 62.4% in the 2nd quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock worth $371,000 after purchasing an additional 1,130 shares during the last quarter. 64.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AFG has been the topic of a number of recent research reports. Weiss Ratings reissued a “buy (b-)” rating on shares of American Financial Group in a report on Thursday, June 11th. Piper Sandler upped their target price on American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Wells Fargo & Company raised their price target on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods boosted their price objective on American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $145.00.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.