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 American Financial Group stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $139.00, for a total value of $312,333.00. Following the sale, the senior vice president owned 13,135 shares in the company, valued at $1,825,765. This represents a 14.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Financial Group Price Performance

AFG opened at $138.86 on Friday. The stock has a fifty day simple moving average of $132.87 and a two-hundred day simple moving average of $131.87. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39. The company has a market cap of $11.54 billion, a price-to-earnings ratio of 13.20 and a beta of 0.64. American Financial Group, Inc. has a 12-month low of $122.11 and a 12-month high of $150.02.

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

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.52 annualized dividend and a yield of 2.5%. American Financial Group’s payout ratio is presently 33.46%.

Institutional Trading of American Financial Group

A number of institutional investors and hedge funds have recently bought and sold shares of AFG. Cassaday & Co Wealth Management LLC purchased a new stake in shares of American Financial Group during the first quarter valued at approximately $26,000. Global Retirement Partners LLC raised its holdings in American Financial Group by 904.8% in the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after acquiring an additional 190 shares during the last quarter. Clearstead Advisors LLC raised its holdings in American Financial Group by 87.7% in the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after acquiring an additional 121 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in American Financial Group in the 3rd quarter valued at approximately $44,000. Finally, Los Angeles Capital Management LLC bought a new position in American Financial Group in the 4th quarter valued at approximately $45,000. 64.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. 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 research 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 report on Wednesday, March 25th. Finally, Piper Sandler lifted 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. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $145.00.

About American Financial Group

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.