American Financial Group Inc (NYSE:AFG) CEO Carl H. Lindner III sold 150,000 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Shares of American Financial Group Inc (NYSE:AFG) opened at $105.82 on Tuesday. The stock has a market capitalization of $9,324.09, a price-to-earnings ratio of 16.69, a PEG ratio of 3.00 and a beta of 0.86. American Financial Group Inc has a 1-year low of $82.55 and a 1-year high of $106.76. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.21. The business 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%. American Financial Group’s revenue was up 9.3% compared to the same quarter last year. During the same period last year, the firm posted $1.51 earnings per share. research analysts anticipate that American Financial Group Inc will post 6.05 earnings per share for the current year.
The firm also recently disclosed a special dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were paid a $2.00 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This is a positive change from American Financial Group’s previous special dividend of $1.50. This represents a yield of 1.33%. American Financial Group’s dividend payout ratio (DPR) is 17.97%.
Several research firms have recently issued reports on AFG. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. Buckingham Research began coverage on American Financial Group in a report on Monday, September 11th. They set a “neutral” rating and a $103.00 target price on the stock.
Large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in American Financial Group by 7.9% in the second quarter. Principal Financial Group Inc. now owns 620,201 shares of the insurance provider’s stock valued at $61,629,000 after buying an additional 45,232 shares in the last quarter. Prudential Financial Inc. boosted its stake in American Financial Group by 20.5% in the second quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock valued at $94,480,000 after buying an additional 161,661 shares in the last quarter. Swiss National Bank boosted its stake in American Financial Group by 1.2% in the third quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock valued at $28,397,000 after buying an additional 3,200 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in American Financial Group by 83.3% in the second quarter. Teacher Retirement System of Texas now owns 10,039 shares of the insurance provider’s stock valued at $998,000 after buying an additional 4,562 shares in the last quarter. Finally, Andra AP fonden acquired a new stake in American Financial Group in the second quarter valued at about $3,975,000. 60.46% of the stock is currently owned by institutional investors and hedge funds.
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American Financial Group Company Profile
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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