Insider Selling: American Financial Group, Inc. (AFG) CEO Sells $5,310,500.00 in Stock
American Financial Group, Inc. (NYSE:AFG) CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total value of $5,310,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
American Financial Group, Inc. (NYSE AFG) opened at $101.95 on Friday. 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 stock has a market capitalization of $8,990.00, a price-to-earnings ratio of 16.74, a P/E/G ratio of 3.00 and a beta of 0.86. American Financial Group, Inc. has a 1-year low of $79.95 and a 1-year high of $106.76.
American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.21. The business had revenue of $1.27 billion during the quarter, compared to analyst estimates of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. American Financial Group’s revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. equities analysts expect that American Financial Group, Inc. will post 6.05 earnings per share for the current year.
The company also recently announced a special dividend, which will be paid on Monday, November 27th. Shareholders of record on Friday, November 17th will be given a dividend of $2.00 per share. The ex-dividend date is Thursday, November 16th. This is a positive change from American Financial Group’s previous special dividend of $1.50. This represents a yield of 1.33%. American Financial Group’s payout ratio is 17.97%.
A number of research firms recently issued reports on AFG. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 price objective for the company in a report on Monday, August 7th. BidaskClub cut American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. American Financial Group has a consensus rating of “Hold” and a consensus target price of $100.67.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Belpointe Asset Management LLC bought a new stake in American Financial Group during the 3rd quarter valued at $973,000. Cetera Advisors LLC bought a new stake in American Financial Group during the 3rd quarter valued at $272,000. California Public Employees Retirement System raised its position in American Financial Group by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 226,933 shares of the insurance provider’s stock valued at $23,476,000 after purchasing an additional 6,675 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new stake in American Financial Group during the 3rd quarter valued at $244,000. Finally, Crestline Management LP raised its position in American Financial Group by 98.1% during the 3rd quarter. Crestline Management LP now owns 21,785 shares of the insurance provider’s stock valued at $2,254,000 after purchasing an additional 10,788 shares in the last quarter. 60.82% of the stock is owned by institutional investors and hedge funds.
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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