American Financial Group (NYSE:AFG) Issues Quarterly Earnings Results

American Financial Group (NYSE:AFG) posted its earnings results on Thursday. The insurance provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.70 by $0.06, Briefing.com reports. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.56%. During the same quarter last year, the firm earned $2.89 EPS.

American Financial Group Stock Down 0.2 %

Shares of NYSE AFG opened at $127.43 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market capitalization of $10.69 billion, a PE ratio of 12.19 and a beta of 0.79. American Financial Group has a one year low of $105.22 and a one year high of $137.71. The business’s fifty day moving average price is $129.98 and its 200-day moving average price is $121.09.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were given a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, April 12th. American Financial Group’s dividend payout ratio is currently 27.18%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Citigroup lifted their price target on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Piper Sandler reaffirmed a “neutral” rating and set a $129.00 target price on shares of American Financial Group in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $133.50.

Insider Buying and Selling

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total transaction of $135,455.65. Following the sale, the chief financial officer now directly owns 10,583 shares of the company’s stock, valued at $1,343,511.85. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at approximately $1,343,511.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lehman John I. Von sold 1,773 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $125.48, for a total value of $222,476.04. Following the sale, the director now owns 12,343 shares in the company, valued at approximately $1,548,799.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,843 shares of company stock valued at $1,854,746. 14.50% of the stock is owned by insiders.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.