Sandler O’Neill reissued their buy rating on shares of American Financial Group (NYSE:AFG) in a report issued on Wednesday, January 10th. Sandler O’Neill currently has a $119.00 price objective on the insurance provider’s stock.
Separately, Zacks Investment Research lowered American Financial Group from a buy rating to a hold rating in a research report on Thursday, December 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. American Financial Group presently has an average rating of Hold and a consensus price target of $116.75.
Shares of American Financial Group (AFG) traded up $7.15 during mid-day trading on Wednesday, hitting $120.49. The stock had a trading volume of 608,088 shares, compared to its average volume of 306,954. American Financial Group has a 1 year low of $88.01 and a 1 year high of $121.69. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $9,980.00, a PE ratio of 22.78, a price-to-earnings-growth ratio of 1.19 and a beta of 0.85.
American Financial Group (NYSE:AFG) last issued its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $1.98 earnings per share. The business’s revenue was up 7.1% compared to the same quarter last year. research analysts forecast that American Financial Group will post 6.05 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were given a dividend of $0.35 per share. The ex-dividend date was Thursday, January 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.16%. American Financial Group’s dividend payout ratio (DPR) is presently 26.47%.
In other American Financial Group news, Director Virginia Drosos sold 1,438 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the transaction, the director now owns 8,034 shares in the company, valued at $837,223.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The disclosure for this sale can be found here. Insiders have sold 201,438 shares of company stock valued at $21,166,854 in the last 90 days. Company insiders own 14.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in AFG. BlackRock Inc. boosted its holdings in shares of American Financial Group by 9.7% in the second quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock valued at $644,783,000 after purchasing an additional 572,969 shares during the period. State Street Corp raised its stake in American Financial Group by 22.8% in the second quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock worth $262,481,000 after buying an additional 490,781 shares in the last quarter. Janus Henderson Group PLC raised its stake in American Financial Group by 166.0% in the third quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock worth $49,931,000 after buying an additional 301,200 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in American Financial Group by 35.0% in the second quarter. Goldman Sachs Group Inc. now owns 913,932 shares of the insurance provider’s stock worth $90,817,000 after buying an additional 237,195 shares in the last quarter. Finally, APG Asset Management N.V. raised its stake in American Financial Group by 182.7% in the third quarter. APG Asset Management N.V. now owns 292,900 shares of the insurance provider’s stock worth $30,301,000 after buying an additional 189,300 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.
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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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