American Financial Group (NYSE:AFG) CFO Sells $46,742.29 in Stock

American Financial Group, Inc. (NYSE:AFG) CFO Brian Hertzman sold 301 shares of American Financial Group stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $155.29, for a total transaction of $46,742.29. Following the sale, the chief financial officer owned 1,553 shares in the company, valued at approximately $241,165.37. The trade was a 16.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

American Financial Group Price Performance

AFG stock opened at $161.19 on Thursday. American Financial Group, Inc. has a one year low of $123.09 and a one year high of $161.31. The company’s fifty day moving average price is $145.90 and its 200-day moving average price is $137.46. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $13.34 billion, a PE ratio of 13.15 and a beta of 0.55.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.17. The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.40 billion. American Financial Group had a net margin of 11.96% and a return on equity of 22.56%. During the same quarter in the prior year, the business earned $2.69 earnings per share. On average, equities analysts anticipate that American Financial Group, Inc. will post 12.51 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a $3.50 dividend. The ex-dividend date is Monday, November 16th. American Financial Group’s payout ratio is currently 31.65%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of AFG. Cassaday & Co Wealth Management LLC bought a new stake in American Financial Group in the first quarter worth $26,000. Heritage Family Offices LLP purchased a new stake in American Financial Group during the third quarter valued at $29,000. Global Retirement Partners LLC purchased a new stake in American Financial Group during the second quarter valued at $32,000. Versant Capital Management Inc raised its stake in American Financial Group by 135.7% during the third quarter. Versant Capital Management Inc now owns 264 shares of the insurance provider’s stock valued at $36,000 after purchasing an additional 152 shares in the last quarter. Finally, Keating Financial Advisory Services Inc. bought a new position in American Financial Group during the second quarter valued at $42,000. 64.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on AFG shares. Wells Fargo & Company increased their price objective on shares of American Financial Group from $166.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, November 5th. Oppenheimer set a $150.00 price objective on American Financial Group in a research report on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of American Financial Group in a report on Wednesday, November 4th. Piper Sandler lifted their target price on American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Finally, Keefe, Bruyette & Woods boosted their target price on American Financial Group from $147.00 to $150.00 and gave the stock a “market perform” rating in a research report on Monday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $159.00.

American Financial Group Company Profile

American Financial Group, Inc. is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs. Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.