American Financial Group (NYSE:AFG) Insider David Lawrence Thompson, Jr. Sells 11,370 Shares of Stock

American Financial Group, Inc. (NYSE:AFG) insider David Lawrence Thompson, Jr. sold 11,370 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total value of $1,535,518.50. Following the sale, the insider directly owned 584,098 shares in the company, valued at $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $138.31 on Thursday. American Financial Group, Inc. has a fifty-two week low of $122.11 and a fifty-two week high of $150.02. The business has a 50-day simple moving average of $132.61 and a two-hundred day simple moving average of $131.80. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 13.15 and a beta of 0.64.

American Financial Group (NYSE:AFG) last posted its earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter in the prior year, the company posted $1.81 EPS. American Financial Group’s revenue was down .1% on a year-over-year basis. On average, analysts expect that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were issued a $0.88 dividend. The ex-dividend date was Wednesday, April 15th. This represents a $3.52 annualized dividend and a yield of 2.5%. American Financial Group’s dividend payout ratio (DPR) is currently 33.46%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE grew its stake in shares of American Financial Group by 24.0% during the 1st quarter. Bank of America Corp DE now owns 294,396 shares of the insurance provider’s stock valued at $37,597,000 after acquiring an additional 57,023 shares during the period. Janus Henderson Group PLC raised its stake in American Financial Group by 487.7% during the 1st quarter. Janus Henderson Group PLC now owns 30,500 shares of the insurance provider’s stock worth $3,894,000 after acquiring an additional 25,310 shares during the period. The Manufacturers Life Insurance Company raised its stake in American Financial Group by 5.7% during the 1st quarter. The Manufacturers Life Insurance Company now owns 151,888 shares of the insurance provider’s stock worth $19,398,000 after acquiring an additional 8,220 shares during the period. Quantinno Capital Management LP lifted its holdings in American Financial Group by 7.9% during the first quarter. Quantinno Capital Management LP now owns 48,326 shares of the insurance provider’s stock valued at $6,172,000 after purchasing an additional 3,532 shares in the last quarter. Finally, SummitTX Capital L.P. purchased a new position in American Financial Group during the first quarter valued at approximately $278,000. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

AFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. 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 note on Tuesday, May 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a report on Thursday, June 11th. Finally, Wells Fargo & Company lifted their price objective on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $145.00.

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.