Insider Selling: S Craig Lindner Sells 50,000 Shares of American Financial Group Stock (AFG)
American Financial Group (NYSE:AFG) CEO S Craig Lindner unloaded 50,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $53.28, for a total value of $2,664,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Keefe, Bruyette & Woods initiated coverage on shares of American Financial Group (NYSE:AFG) in a research note to investors on Monday, July 29th. They set a “market perform” rating and a $55.00 price target on the stock.
American Financial Group (NYSE:AFG) traded up 0.24% during mid-day trading on Friday, hitting $53.40. The stock had a trading volume of 209,836 shares. American Financial Group has a one year low of $36.83 and a one year high of $53.94. The stock’s 50-day moving average is $52.22 and its 200-day moving average is $49.15. The company has a market cap of $4.751 billion and a price-to-earnings ratio of 9.71.
American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.87 by $0.09. The company had revenue of $709.00 million for the quarter, compared to the consensus estimate of $753.91 million. During the same quarter last year, the company posted $0.91 earnings per share. American Financial Group’s revenue was up 10.8% compared to the same quarter last year.
American Financial Group, Inc (NYSE:AFG) is a holding company, which through subsidiaries, is engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses and in the sale of traditional fixed and fixed-indexed annuities in the individual, bank and education markets.
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