American Financial Group, Inc. (NYSE:AFG) VP Sells $317,650.00 in Stock

American Financial Group, Inc. (NYSE:AFGGet Free Report) VP Mark A. Weiss sold 2,500 shares of American Financial Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the completion of the sale, the vice president now owns 7,553 shares in the company, valued at $959,684.18. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

American Financial Group Stock Performance

Shares of AFG stock traded up $0.27 during midday trading on Wednesday, hitting $126.85. 244,160 shares of the company were exchanged, compared to its average volume of 361,121. The firm has a market capitalization of $10.61 billion, a P/E ratio of 12.60 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.50 and a current ratio of 0.47. The firm’s 50 day moving average price is $120.60 and its two-hundred day moving average price is $115.38. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $136.61.

American Financial Group (NYSE:AFGGet Free Report) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. American Financial Group’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 EPS. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 11.02 earnings per share for the current year.

American Financial Group Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be paid a $2.50 dividend. This is a boost from American Financial Group’s previous None dividend of $1.50. The ex-dividend date of this dividend is Thursday, February 15th. American Financial Group’s payout ratio is 28.26%.

Institutional Trading of American Financial Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can acquired a new stake in American Financial Group in the 2nd quarter worth about $3,962,000. Raymond James Financial Services Advisors Inc. raised its stake in American Financial Group by 30.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 5,591 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 1,315 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in American Financial Group in the 3rd quarter worth about $692,000. Meitav Investment House Ltd. acquired a new stake in American Financial Group in the 2nd quarter worth about $2,049,000. Finally, FMR LLC raised its stake in American Financial Group by 16.1% in the 3rd quarter. FMR LLC now owns 4,710,065 shares of the insurance provider’s stock worth $525,973,000 after purchasing an additional 654,442 shares in the last quarter. Institutional investors and hedge funds own 63.50% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Piper Sandler lowered shares of American Financial Group from an “overweight” rating to a “neutral” rating and set a $129.00 price target on the stock. in a research note on Thursday, February 8th. Janney Montgomery Scott assumed coverage on shares of American Financial Group in a research report on Thursday, December 14th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, Citigroup lifted their price objective on shares of American Financial Group from $125.00 to $131.00 and gave the company a “buy” rating in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $128.75.

Read Our Latest Research Report on AFG

American Financial Group Company Profile

(Get Free Report)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.

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Insider Buying and Selling by Quarter for American Financial Group (NYSE:AFG)

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