Brian Hertzman Sells 950 Shares of American Financial Group (NYSE:AFG) Stock

American Financial Group, Inc. (NYSE:AFG) CFO Brian Hertzman sold 950 shares of the stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total value of $135,726.50. Following the completion of the transaction, the chief financial officer directly owned 11,123 shares in the company, valued at $1,589,143.01. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

American Financial Group Price Performance

American Financial Group stock opened at $144.45 on Friday. The firm has a market capitalization of $11.98 billion, a P/E ratio of 12.63 and a beta of 0.60. American Financial Group, Inc. has a 1 year low of $123.09 and a 1 year high of $150.02. The business has a 50-day moving average of $142.86 and a 200-day moving average of $135.35. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.32 by $0.50. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The business had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same period last year, the company posted $2.14 EPS. American Financial Group’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, equities analysts anticipate that American Financial Group, Inc. will post 12.13 EPS for the current year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 15th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, July 15th. American Financial Group’s dividend payout ratio is presently 30.77%.

Analyst Ratings Changes

AFG has been the subject of several research analyst reports. Piper Sandler boosted their price target on shares of American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Weiss Ratings raised American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Wells Fargo & Company boosted their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on American Financial Group from $148.00 to $153.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, American Financial Group presently has a consensus rating of “Hold” and a consensus target price of $156.00.

Institutional Investors Weigh In On American Financial Group

Several institutional investors have recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC bought a new position in American Financial Group during the 1st quarter worth about $26,000. Global Retirement Partners LLC raised its stake in shares of American Financial Group by 904.8% in the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 190 shares during the period. Clearstead Advisors LLC lifted its holdings in shares of American Financial Group by 87.7% in the fourth quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 121 shares in the last quarter. Keating Financial Advisory Services Inc. bought a new stake in shares of American Financial Group in the second quarter valued at about $42,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of American Financial Group during the fourth quarter worth about $45,000. 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.