American Financial Group, Inc. (NYSE:AFG) SVP Michelle A. Gillis Sells 5,176 Shares

American Financial Group, Inc. (NYSE:AFGGet Free Report) SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now owns 45,372 shares in the company, valued at $5,490,012. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Financial Group Trading Up 1.8 %

Shares of American Financial Group stock opened at $122.76 on Monday. The firm has a 50-day moving average of $119.09 and a 200-day moving average of $114.75. The stock has a market cap of $10.28 billion, a PE ratio of 12.21 and a beta of 0.78. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week high of $139.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.50 and a current ratio of 0.50.

American Financial Group (NYSE:AFGGet Free Report) last announced its earnings results on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.03. American Financial Group had a net margin of 10.89% and a return on equity of 22.53%. The company had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the previous year, the business posted $2.99 earnings per share. American Financial Group’s quarterly revenue was up 6.7% on a year-over-year basis. As a group, sell-side analysts forecast that American Financial Group, Inc. will post 10.95 EPS for the current year.

American Financial Group Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a dividend of $2.50 per share. 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 dividend payout ratio is currently 28.26%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Piper Sandler downgraded shares of American Financial Group from an “overweight” rating to a “neutral” rating and set a $129.00 price objective on the stock. in a report on Thursday. Citigroup upped their price objective on shares of American Financial Group from $125.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Finally, Janney Montgomery Scott initiated coverage on shares of American Financial Group in a research report on Thursday, December 14th. They issued a “buy” rating and a $135.00 target price for the company. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $128.75.

View Our Latest Stock Report on AFG

Institutional Investors Weigh In On American Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Money Concepts Capital Corp bought a new stake in American Financial Group during the fourth quarter worth about $35,000. VisionPoint Advisory Group LLC raised its stake in American Financial Group by 132.5% during the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 155 shares in the last quarter. Ronald Blue Trust Inc. raised its stake in American Financial Group by 44.8% during the third quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Arlington Trust Co LLC acquired a new position in American Financial Group during the fourth quarter worth about $42,000. Finally, Industrial Alliance Investment Management Inc. acquired a new position in American Financial Group during the fourth quarter worth about $52,000. Institutional investors own 63.50% of the company’s stock.

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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