David Lawrence Thompson, Jr. Sells 11,370 Shares of American Financial Group (NYSE:AFG) Stock

American Financial Group, Inc. (NYSE:AFG) insider David Lawrence Thompson, Jr. sold 11,370 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total value of $1,535,518.50. Following the sale, the insider owned 584,098 shares in the company, valued at approximately $78,882,434.90. The trade was a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

American Financial Group Stock Down 1.8%

Shares of AFG stock opened at $135.77 on Friday. American Financial Group, Inc. has a fifty-two week low of $122.11 and a fifty-two week high of $150.02. The firm has a market capitalization of $11.28 billion, a PE ratio of 12.91 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. The stock’s 50-day simple moving average is $132.71 and its 200-day simple moving average is $131.82.

American Financial Group (NYSE:AFG) last released 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). American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm earned $1.81 EPS. The company’s revenue for the quarter was down .1% compared to the same quarter last year. Equities analysts expect that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Dividend Announcement

The firm also recently disclosed 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. This represents a $3.52 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s payout ratio is presently 33.46%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AFG. Keefe, Bruyette & Woods increased their price objective on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Piper Sandler upped their price target on shares of American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Wells Fargo & Company increased 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. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, American Financial Group has a consensus rating of “Hold” and an average price target of $145.00.

Institutional Trading of American Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Steph & Co. lifted its stake in American Financial Group by 11.5% in the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after buying an additional 81 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in American Financial Group by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock worth $252,000 after buying an additional 83 shares in the last quarter. Valmark Advisers Inc. raised its holdings in shares of American Financial Group by 1.0% during the first quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock valued at $1,061,000 after acquiring an additional 85 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of American Financial Group by 3.0% during the first quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock valued at $391,000 after acquiring an additional 88 shares during the last quarter. Finally, JB Capital LLC lifted its position in shares of American Financial Group by 2.1% in the fourth quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock valued at $583,000 after acquiring an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

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.