American Financial Group, Inc. (NYSE:AFG – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $132.36 and traded as high as $142.99. American Financial Group shares last traded at $142.2550, with a volume of 326,039 shares.
Wall Street Analysts Forecast Growth
AFG has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of American Financial Group in a research report on Thursday, June 11th. Keefe, Bruyette & Woods boosted their price objective on shares of American Financial Group from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. Wells Fargo & Company upped their price objective on American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Finally, Piper Sandler raised their target price on shares of American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $150.75.
View Our Latest Stock Report on American Financial Group
American Financial Group Stock Performance
American Financial Group (NYSE:AFG – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the previous year, the business earned $1.81 EPS. The company’s quarterly revenue was down .1% on a year-over-year basis. As a group, equities research analysts expect that American Financial Group, Inc. will post 11.37 EPS for the current year.
American Financial Group Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Shareholders of record on Wednesday, July 15th will be paid a $0.88 dividend. The ex-dividend date is Wednesday, July 15th. This represents a $3.52 annualized dividend and a yield of 2.5%. American Financial Group’s payout ratio is presently 33.46%.
Insider Activity
In other news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the firm’s stock in a transaction dated 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 transaction, the insider owned 584,098 shares in the company, valued at $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Michelle A. Gillis sold 2,247 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $139.00, for a total value of $312,333.00. Following the completion of the sale, the senior vice president owned 13,135 shares in the company, valued at $1,825,765. This represents a 14.61% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 16.90% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On American Financial Group
Institutional investors have recently bought and sold shares of the business. Cassaday & Co Wealth Management LLC bought a new position in shares of American Financial Group in the 1st quarter valued at about $26,000. Global Retirement Partners LLC lifted its holdings in American Financial Group by 904.8% during the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after buying an additional 190 shares in the last quarter. Clearstead Advisors LLC grew its stake in American Financial Group by 87.7% in the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 121 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of American Financial Group during the fourth quarter worth approximately $45,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of American Financial Group by 86.1% during the fourth quarter. CIBC Private Wealth Group LLC now owns 376 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 174 shares during the period. Institutional investors own 64.37% of the company’s stock.
About American Financial Group
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.
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