American Financial Group Inc (AFG) CEO Sells $1,098,797.40 in Stock
American Financial Group Inc (NYSE:AFG) CEO S Craig Lindner sold 11,178 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $98.30, for a total transaction of $1,098,797.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
S Craig Lindner also recently made the following trade(s):
- On Tuesday, May 9th, S Craig Lindner sold 26,475 shares of American Financial Group stock. The stock was sold at an average price of $99.46, for a total transaction of $2,633,203.50.
American Financial Group Inc (NYSE:AFG) traded up 0.18% during trading on Wednesday, reaching $98.63. 326,114 shares of the company’s stock traded hands. The firm has a 50 day moving average of $96.66 and a 200 day moving average of $90.68. The firm has a market capitalization of $8.64 billion, a PE ratio of 12.47 and a beta of 0.70. American Financial Group Inc has a 1-year low of $69.06 and a 1-year high of $100.58.
American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.32. American Financial Group had a net margin of 9.99% and a return on equity of 10.34%. The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the firm posted $1.25 EPS. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. Equities analysts forecast that American Financial Group Inc will post $6.54 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 25th. Shareholders of record on Monday, May 15th will be issued a dividend of $1.50 per share. This is an increase from American Financial Group’s previous quarterly dividend of $1.00. This represents a $6.00 annualized dividend and a yield of 6.08%. The ex-dividend date of this dividend is Thursday, May 11th. American Financial Group’s dividend payout ratio (DPR) is 17.08%.
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Separately, Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price target on the stock in a research report on Monday, May 8th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $92.00.
Institutional investors have recently bought and sold shares of the stock. Credit Agricole S A purchased a new stake in shares of American Financial Group during the fourth quarter worth approximately $123,000. Quantbot Technologies LP purchased a new stake in shares of American Financial Group during the first quarter worth approximately $154,000. Smith Moore & CO. purchased a new stake in shares of American Financial Group during the first quarter worth approximately $202,000. Barings LLC purchased a new stake in shares of American Financial Group during the fourth quarter worth approximately $203,000. Finally, Aberdeen Asset Management PLC UK purchased a new stake in shares of American Financial Group during the fourth quarter worth approximately $217,000. Hedge funds and other institutional investors own 59.51% of the company’s stock.
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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