Insider Selling: American Financial Group (NYSE:AFG) SVP Sells $312,333.00 in Stock

American Financial Group, Inc. (NYSE:AFG) SVP Michelle Gillis sold 2,247 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $139.00, for a total transaction of $312,333.00. Following the transaction, the senior vice president owned 13,135 shares of the company’s stock, valued at approximately $1,825,765. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

American Financial Group Stock Down 1.8%

Shares of NYSE:AFG traded down $2.46 during midday trading on Thursday, reaching $135.77. The company had a trading volume of 308,596 shares, compared to its average volume of 583,257. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. The business’s 50 day moving average price is $132.61 and its 200 day moving average price is $131.80. The stock has a market cap of $11.28 billion, a PE ratio of 12.91 and a beta of 0.64. American Financial Group, Inc. has a 1-year low of $122.11 and a 1-year high of $150.02.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing the consensus estimate of $2.54 by ($0.07). The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $1.81 earnings per share. Research analysts forecast that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s payout ratio is presently 33.46%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Keefe, Bruyette & Woods boosted their price target on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Piper Sandler upped their price objective on American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, May 26th. Finally, Wells Fargo & Company raised their price objective on American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $145.00.

Institutional Investors Weigh In On American Financial Group

A number of institutional investors have recently made changes to their positions in AFG. Dimensional Fund Advisors LP boosted its position in shares of American Financial Group by 10.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock valued at $164,293,000 after acquiring an additional 110,872 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of American Financial Group by 32.4% in the third quarter. JPMorgan Chase & Co. now owns 407,772 shares of the insurance provider’s stock valued at $59,421,000 after buying an additional 99,898 shares during the period. UBS Group AG grew its position in American Financial Group by 10.1% during the fourth quarter. UBS Group AG now owns 581,805 shares of the insurance provider’s stock worth $79,521,000 after buying an additional 53,431 shares in the last quarter. Capula Management Ltd acquired a new stake in American Financial Group during the third quarter worth approximately $2,087,000. Finally, Victory Capital Management Inc. increased its stake in American Financial Group by 12.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,963,942 shares of the insurance provider’s stock worth $431,906,000 after acquiring an additional 337,573 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Company Profile

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.