American Financial Group (NYSE:AFG) CFO Brian Hertzman Sells 301 Shares of Company Stock

American Financial Group, Inc. (NYSE:AFG) CFO Brian Hertzman sold 301 shares of the business’s stock in a transaction dated Friday, November 6th. The stock was sold at an average price of $155.29, for a total transaction of $46,742.29. Following the transaction, the chief financial officer owned 1,553 shares in the company, valued at $241,165.37. The trade was a 16.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

American Financial Group Price Performance

NYSE AFG traded up $3.08 during trading hours on Monday, hitting $157.63. 617,602 shares of the company’s stock traded hands, compared to its average volume of 506,944. The company has a market capitalization of $13.07 billion, a PE ratio of 12.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.52 and a quick ratio of 0.52. American Financial Group, Inc. has a 52-week low of $123.09 and a 52-week high of $159.61. The firm’s 50-day moving average is $144.87 and its 200-day moving average is $137.00.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 earnings per share for the quarter, topping analysts’ consensus estimates of $3.80 by $0.17. American Financial Group had a net margin of 11.96% and a return on equity of 22.56%. The business had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.40 billion. During the same period last year, the company posted $2.69 EPS. Equities analysts forecast that American Financial Group, Inc. will post 12.29 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a special dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be issued a $3.50 dividend. The ex-dividend date of this dividend is Monday, November 16th. American Financial Group’s dividend payout ratio (DPR) is currently 31.65%.

Analysts Set New Price Targets

AFG has been the topic of a number of analyst reports. Piper Sandler lifted their price objective on American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Wall Street Zen cut American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday. Oppenheimer set a $150.00 target price on American Financial Group in a research note on Monday. Wells Fargo & Company raised their target price on American Financial Group from $166.00 to $180.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Keefe, Bruyette & Woods lifted their price target on American Financial Group from $147.00 to $150.00 and gave the stock a “market perform” rating in a report on Monday. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $155.60.

Hedge Funds Weigh In On American Financial Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its position in shares of American Financial Group by 3.4% during the 3rd quarter. Parallel Advisors LLC now owns 2,020 shares of the insurance provider’s stock valued at $276,000 after buying an additional 67 shares during the period. ZWJ Investment Counsel Inc. lifted its holdings in American Financial Group by 4.9% in the third quarter. ZWJ Investment Counsel Inc. now owns 1,502 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 70 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in American Financial Group by 1.5% in the third quarter. Crossmark Global Holdings Inc. now owns 4,759 shares of the insurance provider’s stock valued at $651,000 after acquiring an additional 70 shares during the last quarter. Keybank National Association OH grew its position in American Financial Group by 2.8% in the third quarter. Keybank National Association OH now owns 2,796 shares of the insurance provider’s stock worth $382,000 after acquiring an additional 76 shares during the period. Finally, Valmark Advisers Inc. grew its position in American Financial Group by 1.0% in the first quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock worth $1,061,000 after acquiring an additional 85 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

About American Financial Group

American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs.

Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.

The company traces its roots to 1959, while its Great American Insurance Company subsidiary was founded in 1872.