Michelle Gillis Sells 2,247 Shares of American Financial Group (NYSE:AFG) Stock

American Financial Group, Inc. (NYSE:AFG) SVP Michelle Gillis sold 2,247 shares of the 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 transaction, the senior vice president directly owned 13,135 shares in the company, valued at approximately $1,825,765. The trade was a 14.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

American Financial Group Stock Performance

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

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

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were paid 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 is presently 33.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in American Financial Group by 10.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock valued at $164,293,000 after buying an additional 110,872 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of American Financial Group by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 407,772 shares of the insurance provider’s stock worth $59,421,000 after acquiring an additional 99,898 shares in the last quarter. Capula Management Ltd acquired a new position in shares of American Financial Group during the 3rd quarter worth about $2,087,000. UBS Group AG increased its holdings in shares of American Financial Group by 10.1% in the 4th quarter. UBS Group AG now owns 581,805 shares of the insurance provider’s stock valued at $79,521,000 after acquiring an additional 53,431 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of American Financial Group by 12.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,963,942 shares of the insurance provider’s stock worth $431,906,000 after acquiring an additional 337,573 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

AFG has been the subject of several research reports. Keefe, Bruyette & Woods boosted their price target on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Piper Sandler lifted 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. Finally, Wells Fargo & Company boosted their target price on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.