American Financial Group Director Unloads $3,042,108 in Stock (AFG)
American Financial Group (NYSE:AFG) Director James E. Evans sold 51,283 shares of the stock on the open market in a transaction dated Thursday, June 26th. The stock was sold at an average price of $59.32, for a total value of $3,042,107.56. Following the completion of the sale, the director now directly owns 130,865 shares in the company, valued at approximately $7,762,912. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
American Financial Group (NYSE:AFG) traded up 0.78% on Monday, hitting $59.56. The stock had a trading volume of 1,088,281 shares. American Financial Group has a 52-week low of $49.01 and a 52-week high of $60.00. The stock has a 50-day moving average of $58.85 and a 200-day moving average of $57.23. The company has a market cap of $5.332 billion and a price-to-earnings ratio of 11.89.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $811.25 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. On average, analysts predict that American Financial Group will post $4.74 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of American Financial Group from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $61.00 price target on the stock.
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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