American Financial Group (AFG) Hits New 52-Week High at $109.52
American Financial Group Inc (NYSE:AFG)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $109.52 and last traded at $109.16, with a volume of 259200 shares trading hands. The stock had previously closed at $108.34.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Sandler O’Neill reiterated a “buy” rating and set a $119.00 price objective on shares of American Financial Group in a research report on Wednesday, January 10th.
The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The firm has a market cap of $9,640.00, a PE ratio of 14.01, a P/E/G ratio of 1.33 and a beta of 0.85.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a net margin of 10.22% and a return on equity of 10.90%. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $979.50 million. During the same quarter last year, the business earned $1.51 earnings per share. American Financial Group’s quarterly revenue was up 9.3% compared to the same quarter last year. analysts anticipate that American Financial Group Inc will post 6.05 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Monday, January 15th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $1.40 annualized dividend and a yield of 1.28%. American Financial Group’s dividend payout ratio (DPR) is currently 17.97%.
In other news, CEO Carl H. Lindner III sold 150,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Virginia Drosos sold 1,438 shares of the firm’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the sale, the director now owns 8,034 shares of the company’s stock, valued at approximately $837,223.14. The disclosure for this sale can be found here. Insiders have sold 201,438 shares of company stock valued at $21,166,854 in the last quarter. 13.70% of the stock is owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. lifted its holdings in shares of American Financial Group by 1.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after acquiring an additional 30 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in American Financial Group by 3.4% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,979 shares of the insurance provider’s stock worth $594,000 after buying an additional 198 shares during the period. USA Financial Portformulas Corp increased its stake in American Financial Group by 7.6% in the 2nd quarter. USA Financial Portformulas Corp now owns 5,780 shares of the insurance provider’s stock worth $574,000 after buying an additional 406 shares during the period. Ameritas Investment Partners Inc. increased its stake in American Financial Group by 2.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 22,029 shares of the insurance provider’s stock worth $2,189,000 after buying an additional 483 shares during the period. Finally, ETRADE Capital Management LLC increased its stake in American Financial Group by 22.4% in the 3rd quarter. ETRADE Capital Management LLC now owns 2,660 shares of the insurance provider’s stock worth $275,000 after buying an additional 486 shares during the period. Hedge funds and other institutional investors own 61.41% of the company’s stock.
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About American Financial Group
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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