American Financial Group (AFG) Reaches New 12-Month Low at $95.41

American Financial Group Inc (NYSE:AFG) shares hit a new 52-week low on Thursday . The stock traded as low as $95.41 and last traded at $96.55, with a volume of 8811 shares changing hands. The stock had previously closed at $99.36.

Several research analysts have recently weighed in on AFG shares. ValuEngine cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd. Zacks Investment Research cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.67.

The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.17 and a current ratio of 0.17. The stock has a market cap of $8.69 billion, a P/E ratio of 14.53, a PEG ratio of 0.90 and a beta of 0.84.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 EPS for the quarter, beating the Zacks’ consensus estimate of $1.88 by $0.31. American Financial Group had a net margin of 9.98% and a return on equity of 15.39%. The company had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. American Financial Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. On average, research analysts predict that American Financial Group Inc will post 8.6 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Monday, November 26th. Shareholders of record on Friday, November 16th were given a $1.50 dividend. The ex-dividend date of this dividend was Thursday, November 15th. American Financial Group’s payout ratio is currently 24.43%.

In other American Financial Group news, CEO Carl H. Lindner III sold 181,000 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $113.49, for a total value of $20,541,690.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.90% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in American Financial Group by 25,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock worth $111,000 after purchasing an additional 1,000 shares during the period. Honkamp Krueger Financial Services Inc. purchased a new stake in American Financial Group during the third quarter worth about $111,000. FMR LLC purchased a new stake in American Financial Group during the third quarter worth about $113,000. Checchi Capital Advisers LLC purchased a new stake in American Financial Group during the third quarter worth about $203,000. Finally, First Hawaiian Bank purchased a new stake in American Financial Group during the third quarter worth about $211,000. 62.79% of the stock is currently owned by institutional investors.

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About American Financial Group (NYSE:AFG)

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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