Mark Weiss Sells 2,813 Shares of American Financial Group (NYSE:AFG) Stock

American Financial Group, Inc. (NYSE:AFG) VP Mark Weiss sold 2,813 shares of the firm’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $144.76, for a total transaction of $407,209.88. Following the sale, the vice president owned 6,648 shares in the company, valued at approximately $962,364.48. This trade represents a 29.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

American Financial Group Price Performance

Shares of American Financial Group stock opened at $145.66 on Friday. The business’s 50-day moving average price is $138.53 and its 200-day moving average price is $133.33. The firm has a market capitalization of $12.10 billion, a PE ratio of 12.73 and a beta of 0.62. American Financial Group, Inc. has a 12 month low of $123.09 and a 12 month high of $150.02. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.32 by $0.50. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.43%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.14 EPS. Sell-side analysts forecast that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th were paid a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 15th. American Financial Group’s dividend payout ratio (DPR) is 30.77%.

Analyst Ratings Changes

AFG has been the subject of a number of recent research reports. Keefe, Bruyette & Woods boosted their target price on American Financial Group from $140.00 to $148.00 and gave the company a “market perform” rating in a research note on Wednesday, July 8th. Piper Sandler raised their price target on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Finally, Wells Fargo & Company increased their price objective on American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $150.75.

Institutional Trading of American Financial Group

Large investors have recently modified their holdings of the business. Steph & Co. raised its position in American Financial Group by 11.5% during the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 81 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its stake in shares of American Financial Group by 4.4% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock valued at $252,000 after purchasing an additional 83 shares in the last quarter. Valmark Advisers Inc. grew its holdings in shares of American Financial Group by 1.0% during the 1st quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock worth $1,061,000 after acquiring an additional 85 shares during the period. OMERS ADMINISTRATION Corp grew its stake in American Financial Group by 3.0% in the first quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 88 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of American Financial Group by 2.2% in the 4th quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock worth $621,000 after buying an additional 98 shares during the period. 64.37% of the stock is owned by institutional investors.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.