American Financial Group Inc. (AFG) to Issue Special Dividend of $1.00 on December 7th
American Financial Group Inc. (NYSE:AFG) declared a special dividend on Wednesday, November 2nd. Stockholders of record on Wednesday, November 23rd will be paid a dividend of 1.00 per share on Wednesday, December 7th. This represents a dividend yield of 1.64%. The ex-dividend date is Monday, November 21st.
American Financial Group (NYSE:AFG) opened at 81.18 on Friday. The firm has a market cap of $7.05 billion, a price-to-earnings ratio of 18.31 and a beta of 0.63. The stock has a 50 day moving average of $75.48 and a 200 day moving average of $73.43. American Financial Group has a one year low of $64.87 and a one year high of $81.46.
American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.02. The business earned $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. American Financial Group had a net margin of 6.16% and a return on equity of 9.74%. The firm’s revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.38 EPS. Equities research analysts predict that American Financial Group will post $5.67 EPS for the current fiscal year.
In other news, CEO Carl H. Lindner III sold 100,000 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were sold at an average price of $75.14, for a total transaction of $7,514,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO S Craig Lindner sold 50,000 shares of the firm’s stock in a transaction on Monday, November 7th. The shares were sold at an average price of $75.52, for a total transaction of $3,776,000.00. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Advisor Group Inc. acquired a new position in American Financial Group during the second quarter valued at about $108,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in American Financial Group by 19.0% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,265 shares of the company’s stock valued at $170,000 after buying an additional 361 shares during the period. Advisor Partners LLC purchased a new stake in American Financial Group during the second quarter valued at $212,000. United Services Automobile Association boosted its stake in American Financial Group by 6.2% in the third quarter. United Services Automobile Association now owns 4,450 shares of the company’s stock valued at $334,000 after buying an additional 260 shares during the period. Finally, HighTower Advisors LLC boosted its stake in American Financial Group by 22.8% in the third quarter. HighTower Advisors LLC now owns 4,881 shares of the company’s stock valued at $367,000 after buying an additional 906 shares during the period. 59.77% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on AFG. Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a research note on Monday, August 8th. Sandler O’Neill raised shares of American Financial Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $74.00 to $81.00 in a research note on Friday, August 12th.
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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