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

by · The Cerbat Gem

American Financial Group, Inc. (NYSE:AFGGet Free Report) SVP Michelle Gillis sold 2,247 shares of the company’s 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 sale, the senior vice president directly owned 13,135 shares of the company’s stock, valued at $1,825,765. This represents a 14.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

American Financial Group Price Performance

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

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

American Financial Group Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in shares of American Financial Group by 12.9% in the 3rd quarter. Victory Capital Management Inc. now owns 2,963,942 shares of the insurance provider’s stock valued at $431,906,000 after acquiring an additional 337,573 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of American Financial Group by 2.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,567,721 shares of the insurance provider’s stock valued at $350,956,000 after acquiring an additional 57,246 shares in the last quarter. Geode Capital Management LLC grew its position in American Financial Group by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 1,732,557 shares of the insurance provider’s stock worth $236,645,000 after acquiring an additional 29,731 shares during the last quarter. Dimensional Fund Advisors LP grew its position in American Financial Group by 19.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,506,510 shares of the insurance provider’s stock worth $192,395,000 after acquiring an additional 240,509 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in American Financial Group by 33.2% in the 3rd quarter. Northern Trust Corp now owns 1,026,783 shares of the insurance provider’s stock worth $149,623,000 after purchasing an additional 255,693 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Read Our Latest Research Report on AFG

American Financial Group Company Profile

(Get Free Report)

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.

Further Reading