American Financial Group, Inc. (NYSE:AFG) CEO S Craig Lindner sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $106.21, for a total transaction of $5,310,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
American Financial Group, Inc. (NYSE:AFG) traded up $0.07 during midday trading on Wednesday, hitting $106.10. The stock had a trading volume of 285,300 shares, compared to its average volume of 355,621. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. The company has a market cap of $9,342.60, a P/E ratio of 16.72, a P/E/G ratio of 3.00 and a beta of 0.86. American Financial Group, Inc. has a 52-week low of $79.55 and a 52-week high of $106.61.
American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.51 EPS. equities analysts expect that American Financial Group, Inc. will post 6.05 EPS for the current fiscal year.
The company also recently announced a special dividend, which will be paid on Monday, November 27th. Stockholders of record on Friday, November 17th will be given a dividend of $2.00 per share. This is an increase from American Financial Group’s previous special dividend of $1.50. This represents a dividend yield of 1.33%. The ex-dividend date is Thursday, November 16th. American Financial Group’s dividend payout ratio is currently 17.97%.
A number of equities research analysts have issued reports on AFG shares. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $109.00 price objective for the company in a report on Thursday, September 7th. BidaskClub lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. American Financial Group currently has an average rating of “Hold” and a consensus target price of $100.67.
Several hedge funds and other institutional investors have recently bought and sold shares of AFG. BlackRock Inc. boosted its position in shares of American Financial Group by 9.7% during the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock valued at $644,783,000 after acquiring an additional 572,969 shares during the last quarter. State Street Corp boosted its position in shares of American Financial Group by 22.8% during the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock valued at $262,481,000 after acquiring an additional 490,781 shares during the last quarter. Janus Henderson Group PLC boosted its position in shares of American Financial Group by 166.0% during the 3rd quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock valued at $49,931,000 after acquiring an additional 301,200 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in American Financial Group by 35.0% in the second quarter. Goldman Sachs Group Inc. now owns 913,932 shares of the insurance provider’s stock worth $90,817,000 after buying an additional 237,195 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in American Financial Group in the second quarter worth $20,516,000. Hedge funds and other institutional investors own 60.82% 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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