Shares of American Financial Group, Inc. (NYSE:AFG – Get Free Report) have received an average rating of “Hold” from the five brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $156.00.
AFG has been the topic of a number of analyst reports. Wells Fargo & Company lifted their price target 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. Piper Sandler increased their price objective on American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a research note on Monday, August 10th. Wall Street Zen cut shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, September 12th. Weiss Ratings upgraded shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of American Financial Group from $148.00 to $153.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th.
View Our Latest Research Report on American Financial Group
American Financial Group Stock Down 0.1%
American Financial Group (NYSE:AFG – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, topping the consensus estimate of $2.32 by $0.50. The firm had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a return on equity of 20.35% and a net margin of 11.51%.The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.14 earnings per share. On average, equities analysts anticipate that American Financial Group will post 12.17 earnings per share for the current year.
American Financial Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 15th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, July 15th. American Financial Group’s dividend payout ratio (DPR) is 30.77%.
Insider Transactions at American Financial Group
In other news, CFO Brian S. Hertzman sold 950 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total transaction of $135,726.50. Following the completion of the sale, the chief financial officer directly owned 11,123 shares in the company, valued at approximately $1,589,143.01. This represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark A. Weiss sold 2,813 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $144.76, for a total value of $407,209.88. Following the completion of the sale, the vice president directly owned 6,648 shares in the company, valued at $962,364.48. The trade was a 29.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 16.90% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of AFG. Cassaday & Co Wealth Management LLC bought a new stake in shares of American Financial Group in the 1st quarter worth approximately $26,000. Global Retirement Partners LLC bought a new position in shares of American Financial Group during the second quarter valued at approximately $32,000. Clearstead Advisors LLC lifted its stake in American Financial Group by 87.7% in the fourth quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 121 shares during the period. Keating Financial Advisory Services Inc. purchased a new stake in American Financial Group in the second quarter worth $42,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in American Financial Group in the second quarter worth $46,000. Institutional investors own 64.37% of the company’s stock.
About American Financial Group
American Financial Group, Inc (NYSE:AFG) is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group subsidiaries, the company primarily underwrites specialty property and casualty insurance and sells annuity products.
Its property and casualty operations serve businesses, organizations and individuals through specialized products that include commercial transportation, agricultural and crop insurance, workers’ compensation, casualty coverage, financial institution insurance, surety and fidelity bonds, marine insurance, travel insurance and public-sector coverage.
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