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

American Financial Group, Inc. (NYSE:AFG) SVP Michelle Gillis sold 2,247 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $139.00, for a total transaction of $312,333.00. Following the transaction, the senior vice president owned 13,135 shares of the company’s stock, valued at approximately $1,825,765. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Financial Group Trading Down 1.8%

Shares of AFG stock opened at $135.77 on Friday. American Financial Group, Inc. has a fifty-two week low of $122.11 and a fifty-two week high of $150.02. The stock’s fifty day moving average price is $132.71 and its two-hundred day moving average price is $131.82. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. The company has a market cap of $11.28 billion, a PE ratio of 12.91 and a beta of 0.64.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 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 analyst estimates of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.American Financial Group’s quarterly revenue was down .1% on a year-over-year basis. During the same period last year, the firm posted $1.81 EPS. Equities analysts predict that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 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, April 15th. American Financial Group’s dividend payout ratio is presently 33.46%.

Analysts Set New Price Targets

AFG has been the subject of several recent research reports. Wells Fargo & Company upped their price objective on American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research note on Wednesday, May 6th. Keefe, Bruyette & Woods boosted their target price on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, March 25th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Finally, Piper Sandler lifted their price target on shares of American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday, May 26th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.00.

Institutional Trading of American Financial Group

Large investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC bought a new stake in American Financial Group in the 1st quarter valued at about $26,000. Global Retirement Partners LLC raised its position in shares of American Financial Group by 904.8% during the fourth quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 190 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of 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 purchasing an additional 121 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in American Financial Group in the 3rd quarter valued at $44,000. Finally, Los Angeles Capital Management LLC acquired a new stake in American Financial Group in the 4th quarter valued at $45,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

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.