American Financial Group, Inc. (NYSE:AFG) Director Amy Y. Murray Buys 1,200 Shares

American Financial Group, Inc. (NYSE:AFG) Director Amy Y. Murray bought 1,200 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $150,204. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

American Financial Group Stock Down 1.9 %

Shares of NYSE AFG opened at $123.02 on Monday. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.71. The company has a market cap of $10.32 billion, a P/E ratio of 11.77 and a beta of 0.79. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $128.25 and a 200 day moving average price of $125.96.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.06. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. The firm had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. During the same period in the prior year, the firm earned $2.89 EPS. Research analysts anticipate that American Financial Group, Inc. will post 10.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on AFG. Citigroup lowered American Financial Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $144.00 to $137.00 in a research report on Friday. Piper Sandler increased their target price on American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $131.75.

Institutional Trading of American Financial Group

Large investors have recently added to or reduced their stakes in the stock. Norges Bank acquired a new stake in shares of American Financial Group during the fourth quarter valued at about $97,304,000. Victory Capital Management Inc. grew its stake in shares of American Financial Group by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock valued at $456,359,000 after acquiring an additional 191,269 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in shares of American Financial Group by 63.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 423,162 shares of the insurance provider’s stock valued at $50,310,000 after acquiring an additional 163,671 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of American Financial Group by 1,804.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,652 shares of the insurance provider’s stock valued at $11,491,000 after acquiring an additional 91,577 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of American Financial Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock valued at $925,563,000 after acquiring an additional 81,293 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company 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.