American Financial Group Inc (NYSE:AFG) CEO Carl H. Lindner III sold 150,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
American Financial Group Inc (NYSE AFG) opened at $104.61 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $9,210.00, a P/E ratio of 16.69, a PEG ratio of 3.00 and a beta of 0.86. American Financial Group Inc has a 52-week low of $82.92 and a 52-week high of $106.76.
American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.51 EPS. analysts expect that American Financial Group Inc will post 6.05 earnings per share for the current fiscal year.
The company also recently disclosed a special dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were issued a $2.00 dividend. The ex-dividend date was Thursday, November 16th. This represents a yield of 1.33%. This is a positive change from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio (DPR) is presently 17.97%.
A number of brokerages have recently issued reports on AFG. Zacks Investment Research upgraded American Financial Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Buckingham Research began coverage on American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 target price on the stock.
A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in American Financial Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,700,258 shares of the insurance provider’s stock valued at $665,805,000 after purchasing an additional 182,739 shares in the last quarter. BlackRock Inc. lifted its holdings in American Financial Group by 9.7% in the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock valued at $644,783,000 after purchasing an additional 572,969 shares in the last quarter. State Street Corp lifted its holdings in American Financial Group by 22.8% in the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock valued at $262,481,000 after purchasing an additional 490,781 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in American Financial Group by 1.8% in the 2nd quarter. Victory Capital Management Inc. now owns 2,135,790 shares of the insurance provider’s stock valued at $212,234,000 after purchasing an additional 37,752 shares in the last quarter. Finally, Investec Asset Management LTD lifted its holdings in American Financial Group by 1.6% in the 3rd quarter. Investec Asset Management LTD now owns 1,171,186 shares of the insurance provider’s stock valued at $121,159,000 after purchasing an additional 18,292 shares in the last quarter. Institutional investors own 60.46% of the company’s stock.
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About American Financial Group
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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