American Financial Group (NYSE:AFG) CFO Brian Hertzman Sells 950 Shares

American Financial Group, Inc. (NYSE:AFG) CFO Brian Hertzman sold 950 shares of the business’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 transaction, the chief financial officer owned 11,123 shares in the company, valued at approximately $1,589,143.01. The trade was a 7.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

American Financial Group Stock Performance

Shares of AFG stock opened at $142.72 on Thursday. The stock has a market cap of $11.83 billion, a P/E ratio of 12.48 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.49 and a quick ratio of 0.49. The company has a fifty day moving average price of $142.68 and a two-hundred day moving average price of $135.24. American Financial Group, Inc. has a one year low of $123.09 and a one year high of $150.02.

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

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th were given a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 15th. American Financial Group’s dividend payout ratio (DPR) is presently 30.77%.

Institutional Trading of American Financial Group

Hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in American Financial Group by 11.1% in the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after buying an additional 7,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Financial Group during the first quarter worth $2,330,000. Jones Financial Companies Lllp lifted its holdings in shares of American Financial Group by 145.8% during the first quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock worth $168,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of American Financial Group by 144.8% in the second quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 469 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of American Financial Group by 62.4% in the second quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock valued at $371,000 after acquiring an additional 1,130 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on AFG shares. Keefe, Bruyette & Woods increased their price target on American Financial Group from $148.00 to $153.00 and gave the company a “market perform” rating in a research note on Tuesday, August 11th. 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. Piper Sandler upped their price objective on shares of American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Wells Fargo & Company increased their price objective on shares of American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a research report on Thursday, July 9th. Finally, Wall Street Zen upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, American Financial Group has an average rating of “Hold” and a consensus target price of $156.00.

About American Financial Group

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.