Insider Selling: American Financial Group (NYSE:AFG) CFO Sells $253,240.27 in Stock

American Financial Group, Inc. (NYSE:AFG) CFO Brian Hertzman sold 1,777 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $142.51, for a total value of $253,240.27. Following the sale, the chief financial officer owned 11,300 shares in the company, valued at approximately $1,610,363. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

American Financial Group Stock Down 0.2%

Shares of NYSE AFG opened at $142.02 on Thursday. The company has a 50 day simple moving average of $138.95 and a 200 day simple moving average of $131.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The firm has a market cap of $11.84 billion, a PE ratio of 15.61 and a beta of 0.78.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, November 4th. The insurance provider reported $2.69 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $0.34. The firm had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.02 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. On average, research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, November 17th. American Financial Group’s dividend payout ratio (DPR) is currently 36.97%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AFG shares. Wall Street Zen upgraded American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler increased their target price on shares of American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Weiss Ratings upgraded shares of American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, November 7th. Keefe, Bruyette & Woods reduced their price objective on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $142.00 target price on shares of American Financial Group in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and an average price target of $137.00.

Hedge Funds Weigh In On American Financial Group

A number of institutional investors and hedge funds have recently modified their holdings of AFG. Xponance Inc. increased its stake in shares of American Financial Group by 0.7% in the 1st quarter. Xponance Inc. now owns 11,882 shares of the insurance provider’s stock valued at $1,561,000 after acquiring an additional 80 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in American Financial Group by 3.2% in the second quarter. Advisors Asset Management Inc. now owns 2,640 shares of the insurance provider’s stock worth $333,000 after purchasing an additional 83 shares during the period. EverSource Wealth Advisors LLC increased its stake in American Financial Group by 11.5% in the third quarter. EverSource Wealth Advisors LLC now owns 884 shares of the insurance provider’s stock valued at $129,000 after purchasing an additional 91 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of American Financial Group by 12.1% during the third quarter. Jones Financial Companies Lllp now owns 863 shares of the insurance provider’s stock valued at $125,000 after purchasing an additional 93 shares during the period. Finally, Intrust Bank NA raised its holdings in shares of American Financial Group by 3.6% during the third quarter. Intrust Bank NA now owns 2,935 shares of the insurance provider’s stock valued at $428,000 after purchasing an additional 102 shares during the period. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Company Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.