American Financial Group (NYSE:AFG) Issues Earnings Results

American Financial Group (NYSE:AFG) announced its quarterly earnings results on Thursday. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.06, Briefing.com reports. American Financial Group had a return on equity of 21.56% and a net margin of 11.03%. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm posted $2.89 EPS.

American Financial Group Trading Down 0.2 %

Shares of American Financial Group stock traded down $0.27 on Friday, reaching $127.41. 246,863 shares of the company were exchanged, compared to its average volume of 273,413. The stock has a fifty day moving average price of $129.98 and a 200-day moving average price of $121.09. The firm has a market capitalization of $10.68 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. American Financial Group has a fifty-two week low of $105.22 and a fifty-two week high of $137.71.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 annualized dividend and a dividend yield of 2.23%. American Financial Group’s dividend payout ratio (DPR) is 27.18%.

Analyst Ratings Changes

A number of research analysts have issued reports on AFG shares. Piper Sandler reiterated a “neutral” rating and set a $129.00 price target on shares of American Financial Group in a research report on Monday, April 1st. Citigroup upped their price objective on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $133.50.

Insider Transactions at American Financial Group

In related news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at $5,490,012. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at $5,490,012. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michelle A. Gillis sold 2,053 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $126.81, for a total value of $260,340.93. Following the completion of the transaction, the senior vice president now directly owns 48,554 shares in the company, valued at $6,157,132.74. The disclosure for this sale can be found here. Insiders have sold 14,843 shares of company stock valued at $1,854,746 over the last three months. Company insiders own 14.50% of the company’s stock.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.