American Financial Group Inc (NYSE:AFG) hit a new 52-week high on Tuesday . The stock traded as high as $109.52 and last traded at $109.16, with a volume of 259200 shares changing hands. The stock had previously closed at $108.34.

AFG has been the topic of several analyst reports. Sandler O’Neill reiterated a “buy” rating and set a $119.00 price target on shares of American Financial Group in a research report on Wednesday, January 10th. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th.

The stock has a market cap of $9,670.00, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.21. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. During the same period in the prior year, the business posted $1.51 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. equities research analysts expect that American Financial Group Inc will post 6.05 earnings per share for the current fiscal 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 issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, January 11th. American Financial Group’s payout ratio is 17.97%.

In other news, CEO S Craig Lindner sold 50,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total transaction of $5,310,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was 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 three months. 13.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of AFG. Oppenheimer & Co. Inc. grew its holdings in shares of American Financial Group by 1.3% during the second quarter. Oppenheimer & Co. Inc. now owns 2,425 shares of the insurance provider’s stock worth $241,000 after purchasing an additional 30 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in American Financial Group by 122.7% in the second quarter. Aberdeen Asset Management PLC UK now owns 16,101 shares of the insurance provider’s stock worth $1,600,000 after buying an additional 8,872 shares in the last quarter. Teachers Advisors LLC boosted its stake in American Financial Group by 23.2% in the second quarter. Teachers Advisors LLC now owns 154,442 shares of the insurance provider’s stock worth $15,347,000 after buying an additional 29,081 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in American Financial Group by 15.5% in the second quarter. TIAA CREF Investment Management LLC now owns 320,028 shares of the insurance provider’s stock worth $31,801,000 after buying an additional 42,971 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in American Financial Group by 5.0% in the second quarter. Ameriprise Financial Inc. now owns 320,880 shares of the insurance provider’s stock worth $31,886,000 after buying an additional 15,271 shares in the last quarter. 61.41% of the stock is owned by institutional investors.

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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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