American Financial Group Inc (NYSE:AFG) Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction on Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the completion of the sale, the director now owns 8,034 shares in the company, valued at approximately $837,223.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
American Financial Group Inc (AFG) traded up $1.12 on Thursday, reaching $108.34. The company had a trading volume of 239,740 shares, compared to its average volume of 307,184. American Financial Group Inc has a 1 year low of $85.57 and a 1 year high of $109.43. The firm has a market cap of $9,540.00, a PE ratio of 13.91, a price-to-earnings-growth ratio of 2.59 and a beta of 0.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.21. The business had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.51 EPS. equities research analysts anticipate that American Financial Group Inc will post 6.05 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Monday, January 15th will be given a dividend of $0.35 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.29%. American Financial Group’s dividend payout ratio is currently 17.97%.
Several large investors have recently added to or reduced their stakes in AFG. Renaissance Technologies LLC acquired a new position in shares of American Financial Group during the 1st quarter worth about $849,000. Public Employees Retirement Association of Colorado lifted its holdings in shares of American Financial Group by 1.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 42 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of American Financial Group in the 2nd quarter valued at about $155,000. Pictet Asset Management Ltd. purchased a new stake in shares of American Financial Group in the 2nd quarter valued at about $2,386,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. purchased a new stake in shares of American Financial Group in the 2nd quarter valued at about $964,000. 61.40% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the company. Sandler O’Neill reiterated a “buy” rating and issued a $119.00 price objective on shares of American Financial Group in a report on Wednesday. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 21st.
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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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