American Financial Group Inc (NYSE:AFG) insider John B. Berding sold 17,721 shares of American Financial Group stock in a transaction that occurred on Thursday, August 16th. The shares were sold at an average price of $112.45, for a total transaction of $1,992,726.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
American Financial Group stock traded up $1.28 during mid-day trading on Thursday, reaching $112.80. The company’s stock had a trading volume of 316,400 shares, compared to its average volume of 327,601. American Financial Group Inc has a 12-month low of $95.19 and a 12-month high of $121.69. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 17.22, a P/E/G ratio of 1.05 and a beta of 0.78. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.26.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.08. American Financial Group had a net margin of 7.50% and a return on equity of 13.27%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the business earned $1.61 EPS. American Financial Group’s revenue was up 9.0% compared to the same quarter last year. equities research analysts forecast that American Financial Group Inc will post 8.53 EPS for the current year.
A number of research firms recently weighed in on AFG. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $120.00 price objective for the company in a research note on Saturday, July 14th. Raymond James lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $116.00.
Institutional investors have recently added to or reduced their stakes in the stock. Bank of Nova Scotia grew its position in shares of American Financial Group by 9.5% during the 2nd quarter. Bank of Nova Scotia now owns 33,300 shares of the insurance provider’s stock valued at $3,574,000 after purchasing an additional 2,900 shares in the last quarter. Advisors Asset Management Inc. grew its position in shares of American Financial Group by 463.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 61,003 shares of the insurance provider’s stock valued at $1,251,000 after purchasing an additional 50,174 shares in the last quarter. California Public Employees Retirement System grew its position in shares of American Financial Group by 23.1% during the 2nd quarter. California Public Employees Retirement System now owns 264,997 shares of the insurance provider’s stock valued at $28,442,000 after purchasing an additional 49,730 shares in the last quarter. Putnam Investments LLC grew its position in shares of American Financial Group by 7.6% during the 2nd quarter. Putnam Investments LLC now owns 44,217 shares of the insurance provider’s stock valued at $4,746,000 after purchasing an additional 3,138 shares in the last quarter. Finally, MetLife Investment Advisors LLC grew its position in shares of American Financial Group by 1.3% during the 2nd quarter. MetLife Investment Advisors LLC now owns 43,599 shares of the insurance provider’s stock valued at $4,679,000 after purchasing an additional 556 shares in the last quarter. Institutional investors and hedge funds own 61.35% of the company’s stock.
About American Financial Group
American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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