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 business’s stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $144.76, for a total transaction of $407,209.88. Following the completion of the sale, the vice president owned 6,648 shares of the company’s stock, valued at approximately $962,364.48. This represents a 29.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link.

American Financial Group Stock Down 0.7%

Shares of NYSE AFG traded down $1.07 during midday trading on Friday, reaching $145.66. 271,782 shares of the company’s stock traded hands, compared to its average volume of 555,575. The company has a market cap of $12.10 billion, a price-to-earnings ratio of 12.73 and a beta of 0.62. The stock’s 50 day simple moving average is $138.21 and its 200-day simple moving average is $133.25. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. American Financial Group, Inc. has a one year low of $123.09 and a one year high of $150.02.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.50. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.43%. American Financial Group’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.14 earnings per share. On average, analysts predict 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. Investors 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 was Wednesday, July 15th. American Financial Group’s dividend payout ratio is 30.77%.

Analyst Upgrades and Downgrades

AFG has been the topic of several analyst reports. Wells Fargo & Company lifted their price target on shares of American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Piper Sandler boosted their target price 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. Keefe, Bruyette & Woods upped their target price on American Financial Group from $140.00 to $148.00 and gave the company a “market perform” rating in a research report on Wednesday, July 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and an average target price of $150.75.

Hedge Funds Weigh In On American Financial Group

Several hedge funds have recently made changes to their positions in AFG. Cassaday & Co Wealth Management LLC acquired a new position in shares of American Financial Group in the first quarter valued at about $26,000. Global Retirement Partners LLC raised its position in American Financial Group by 904.8% during the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after buying an additional 190 shares during the last quarter. Clearstead Advisors LLC lifted its stake in American Financial Group by 87.7% during the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock valued at $35,000 after acquiring an additional 121 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of American Financial Group in the 4th quarter valued at $45,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of American Financial Group in the 2nd quarter valued at $46,000. 64.37% of the stock is owned by institutional investors and hedge funds.

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.