American Financial Group (NYSE:AFG) CFO Sells $135,726.50 in Stock

American Financial Group, Inc. (NYSE:AFG) CFO Brian Hertzman sold 950 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was 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 owned 11,123 shares of the company’s stock, valued at $1,589,143.01. The trade was 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 link.

American Financial Group Trading Down 1.0%

AFG opened at $142.89 on Friday. American Financial Group, Inc. has a 1-year low of $123.09 and a 1-year high of $150.02. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. The company has a market cap of $11.85 billion, a P/E ratio of 12.49 and a beta of 0.60. The company has a fifty day moving average price of $142.94 and a two-hundred day moving average price of $135.40.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.50. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.14 EPS. Analysts predict that American Financial Group, Inc. will post 12.13 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 15th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 15th. American Financial Group’s dividend payout ratio is 30.77%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of AFG. Steph & Co. lifted its stake in American Financial Group by 11.5% during the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 81 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of American Financial Group by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock valued at $252,000 after purchasing an additional 83 shares during the last quarter. Valmark Advisers Inc. raised its holdings 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 valued at $1,061,000 after purchasing an additional 85 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of American Financial Group by 3.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock valued at $391,000 after purchasing an additional 88 shares in the last quarter. Finally, Larson Financial Group LLC lifted its position in shares of American Financial Group by 2.2% during the fourth quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock valued at $621,000 after purchasing an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

AFG has been the subject of a number of research reports. Wells Fargo & Company raised their price objective on American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Wall Street Zen upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Keefe, Bruyette & Woods lifted their price target on shares of American Financial Group from $148.00 to $153.00 and gave the company a “market perform” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler upped their price objective on shares of American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $156.00.

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.