American Financial Group, Inc. (NYSE:AFG) SVP Sells $260,340.93 in Stock

American Financial Group, Inc. (NYSE:AFGGet Free Report) SVP Michelle A. Gillis sold 2,053 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $126.81, for a total value of $260,340.93. Following the transaction, the senior vice president now directly owns 48,554 shares of the company’s stock, valued at $6,157,132.74. The sale was disclosed in a filing with the SEC, which is available at this link.

American Financial Group Trading Up 0.0 %

Shares of AFG traded up $0.03 during trading hours on Monday, hitting $127.40. The stock had a trading volume of 322,402 shares, compared to its average volume of 362,500. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market cap of $10.66 billion, a P/E ratio of 12.67 and a beta of 0.78. The company’s fifty day simple moving average is $121.12 and its 200 day simple moving average is $115.69. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $133.59.

American Financial Group (NYSE:AFGGet Free Report) last released its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.81 by $0.03. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. During the same period last year, the company posted $2.99 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post 11.02 EPS for the current fiscal year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which was paid on Wednesday, February 28th. Investors of record on Friday, February 16th were paid a $2.50 dividend. This is an increase from American Financial Group’s previous None dividend of $1.50. The ex-dividend date was Thursday, February 15th. American Financial Group’s dividend payout ratio (DPR) is 28.26%.

Hedge Funds Weigh In On American Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in shares of American Financial Group by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock worth $77,145,000 after buying an additional 18,945 shares during the period. FIL Ltd raised its holdings in American Financial Group by 10.2% during the fourth quarter. FIL Ltd now owns 139,446 shares of the insurance provider’s stock worth $16,579,000 after purchasing an additional 12,862 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in American Financial Group by 8.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 151,721 shares of the insurance provider’s stock worth $18,039,000 after purchasing an additional 11,509 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in American Financial Group during the fourth quarter worth approximately $1,120,000. Finally, Legal & General Group Plc raised its holdings in American Financial Group by 25.8% during the fourth quarter. Legal & General Group Plc now owns 346,505 shares of the insurance provider’s stock worth $41,196,000 after purchasing an additional 71,120 shares in the last quarter. 63.50% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Piper Sandler cut American Financial Group from an “overweight” rating to a “neutral” rating and set a $129.00 target price on the stock. in a report on Thursday, February 8th. Janney Montgomery Scott initiated coverage on American Financial Group in a report on Thursday, December 14th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, Citigroup raised their price objective on American Financial Group from $125.00 to $131.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $128.75.

Get Our Latest Analysis on AFG

American Financial Group Company Profile

(Get Free Report)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.

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Insider Buying and Selling by Quarter for American Financial Group (NYSE:AFG)

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