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 directly owned 11,123 shares in the company, valued at $1,589,143.01. This trade represents a 7.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

American Financial Group Stock Performance

NYSE:AFG traded up $0.30 during trading hours on Wednesday, hitting $142.72. 213,706 shares of the company traded hands, compared to its average volume of 529,779. The stock has a market capitalization of $11.83 billion, a price-to-earnings ratio of 12.48 and a beta of 0.60. American Financial Group, Inc. has a twelve month low of $123.09 and a twelve month high of $150.02. The firm has a 50-day moving average of $142.60 and a 200 day moving average of $135.14. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38.

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

American Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Amundi grew its stake in American Financial Group by 469.4% during the second quarter. Amundi now owns 16,974 shares of the insurance provider’s stock worth $2,375,000 after buying an additional 13,993 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of American Financial Group in the second quarter valued at approximately $2,715,000. California State Teachers Retirement System raised its stake in shares of American Financial Group by 13,419.0% in the second quarter. California State Teachers Retirement System now owns 10,769,223 shares of the insurance provider’s stock valued at $1,507,045,000 after acquiring an additional 10,689,563 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of American Financial Group by 69.5% in the 2nd quarter. HB Wealth Management LLC now owns 4,299 shares of the insurance provider’s stock worth $602,000 after acquiring an additional 1,762 shares in the last quarter. Finally, Nilsine Partners LLC acquired a new position in shares of American Financial Group in the 2nd quarter worth approximately $1,564,000. Institutional investors own 64.37% of the company’s stock.

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.