American Financial Group, Inc. (NYSE:AFG – Get Free Report) CFO Brian Hertzman sold 301 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was sold at an average price of $155.29, for a total transaction of $46,742.29. Following the completion of the sale, the chief financial officer owned 1,553 shares of the company’s stock, valued at approximately $241,165.37. The trade was a 16.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
American Financial Group Stock Performance
American Financial Group stock opened at $157.63 on Tuesday. The firm has a fifty day simple moving average of $145.15 and a two-hundred day simple moving average of $137.13. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. American Financial Group, Inc. has a twelve month low of $123.09 and a twelve month high of $159.61. The company has a market capitalization of $13.07 billion, a PE ratio of 11.99 and a beta of 0.55.
American Financial Group (NYSE:AFG – Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The insurance provider reported $3.97 EPS for the quarter, topping the consensus estimate of $3.80 by $0.17. American Financial Group had a return on equity of 22.50% and a net margin of 11.96%. The firm had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the previous year, the business earned $2.69 earnings per share. Research analysts expect that American Financial Group, Inc. will post 12.29 EPS for the current year.
American Financial Group Dividend Announcement
The firm also recently announced a special dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be paid a $3.50 dividend. The ex-dividend date of this dividend is Monday, November 16th. American Financial Group’s dividend payout ratio (DPR) is presently 31.65%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the business. Parallel Advisors LLC raised its position in American Financial Group by 3.4% in the third quarter. Parallel Advisors LLC now owns 2,020 shares of the insurance provider’s stock valued at $276,000 after purchasing an additional 67 shares during the period. ZWJ Investment Counsel Inc. lifted its stake in shares of American Financial Group by 4.9% during the third quarter. ZWJ Investment Counsel Inc. now owns 1,502 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 70 shares in the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of American Financial Group by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 4,759 shares of the insurance provider’s stock worth $651,000 after buying an additional 70 shares during the period. Keybank National Association OH boosted its position in shares of American Financial Group by 2.8% in the third quarter. Keybank National Association OH now owns 2,796 shares of the insurance provider’s stock worth $382,000 after buying an additional 76 shares during the period. Finally, Valmark Advisers Inc. boosted its position in shares of American Financial Group by 1.0% in the first quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock worth $1,061,000 after buying an additional 85 shares during the period. 64.37% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on AFG shares. Piper Sandler boosted their target price 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. Weiss Ratings raised shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company upped their price objective on shares of American Financial Group from $166.00 to $180.00 and gave the stock an “overweight” rating in a report on Thursday, November 5th. Finally, Oppenheimer set a $150.00 price objective on shares of American Financial Group in a report on Monday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus target price of $155.60.
Get Our Latest Stock Report on AFG
American Financial Group Company Profile
American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs.
Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.
The company traces its roots to 1959, while its Great American Insurance Company subsidiary was founded in 1872.
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