American Financial Group Inc (NYSE:AFG) insider John B. Berding sold 5,285 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $113.58, for a total transaction of $600,270.30. Following the completion of the transaction, the insider now directly owns 59,585 shares in the company, valued at approximately $6,767,664.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
American Financial Group Inc (AFG) traded down $2.52 during mid-day trading on Friday, hitting $109.25. 313,257 shares of the stock traded hands, compared to its average volume of 349,031. American Financial Group Inc has a 1 year low of $92.45 and a 1 year high of $121.69. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.18 and a quick ratio of 0.18. The stock has a market capitalization of $10,195.51, a P/E ratio of 21.09, a PEG ratio of 1.16 and a beta of 0.80.
American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 EPS for the quarter, topping the consensus estimate of $1.67 by $0.53. American Financial Group had a net margin of 6.92% and a return on equity of 11.09%. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $1.98 earnings per share. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. equities analysts expect that American Financial Group Inc will post 8.2 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in AFG. Cerebellum GP LLC bought a new stake in American Financial Group in the fourth quarter worth $111,000. Fuller & Thaler Asset Management Inc. bought a new stake in American Financial Group in the fourth quarter worth $119,000. Pin Oak Investment Advisors Inc. bought a new stake in American Financial Group in the fourth quarter worth $122,000. Signition LP bought a new stake in American Financial Group in the fourth quarter worth $204,000. Finally, Dai Ichi Life Insurance Company Ltd bought a new stake in American Financial Group in the third quarter worth $201,000. 62.30% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on AFG shares. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 target price on the stock in a report on Wednesday, December 20th. Sandler O’Neill reissued a “buy” rating and issued a $119.00 target price on shares of American Financial Group in a report on Wednesday, January 10th. Bank of America boosted their target price on shares of American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, ValuEngine raised shares of American Financial Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $116.75.
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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