American Financial Group (NYSE:AFG) Insider David Lawrence Thompson, Jr. Sells 11,370 Shares

American Financial Group, Inc. (NYSE:AFG) insider David Lawrence Thompson, Jr. sold 11,370 shares of American Financial Group stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total transaction of $1,535,518.50. Following the completion of the transaction, the insider owned 584,098 shares in the company, valued at approximately $78,882,434.90. This trade represents a 1.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

American Financial Group Price Performance

Shares of NYSE:AFG traded up $1.23 on Wednesday, reaching $138.31. 383,564 shares of the company traded hands, compared to its average volume of 585,565. American Financial Group, Inc. has a fifty-two week low of $122.11 and a fifty-two week high of $150.02. The company’s 50 day moving average is $132.48 and its 200-day moving average is $131.76. The stock has a market capitalization of $11.49 billion, a PE ratio of 13.15 and a beta of 0.64. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48.

American Financial Group (NYSE:AFG) last issued its earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.81 earnings per share. As a group, analysts anticipate that American Financial Group, Inc. will post 11.37 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, April 15th. American Financial Group’s payout ratio is 33.46%.

Institutional Trading of American Financial Group

Large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its stake in shares of American Financial Group by 11.1% in the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after purchasing an additional 7,554 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in American Financial Group during the first quarter worth $2,330,000. Jones Financial Companies Lllp increased its position in American Financial Group by 145.8% during the first quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock worth $168,000 after buying an additional 758 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in American Financial Group by 144.8% during the second quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after buying an additional 469 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in shares of American Financial Group by 62.4% in the second quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock worth $371,000 after buying an additional 1,130 shares during the last quarter. 64.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AFG has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Weiss Ratings reissued a “buy (b-)” rating on shares of American Financial Group in a research report on Thursday, June 11th. Wells Fargo & Company boosted their price objective on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Piper Sandler increased their target price on shares of American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, American Financial Group presently has a consensus rating of “Hold” and an average target price of $145.00.

About American Financial Group

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.