American Financial Group, Inc. (NYSE:AFG) Director Amy Y. Murray Buys 1,200 Shares of Stock

American Financial Group, Inc. (NYSE:AFG) Director Amy Y. Murray purchased 1,200 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the completion of the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $150,204. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

American Financial Group Price Performance

AFG stock opened at $122.97 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.31 billion, a PE ratio of 11.77 and a beta of 0.79. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.71. The business’s fifty day moving average price is $128.25 and its 200 day moving average price is $125.86.

American Financial Group (NYSE:AFG) last released its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 EPS for the quarter, topping the consensus estimate of $2.70 by $0.06. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the firm posted $2.89 EPS. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.94 EPS for the current year.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 annualized dividend and a yield of 2.31%. American Financial Group’s payout ratio is 27.18%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AFG. Citigroup cut American Financial Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $144.00 to $137.00 in a research note on Friday. Piper Sandler lifted their price objective on American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $131.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in American Financial Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock worth $925,563,000 after purchasing an additional 81,293 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of American Financial Group by 5.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock worth $456,359,000 after acquiring an additional 191,269 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of American Financial Group by 7.2% during the 3rd quarter. Wellington Management Group LLP now owns 838,468 shares of the insurance provider’s stock worth $93,632,000 after acquiring an additional 56,267 shares in the last quarter. Norges Bank acquired a new position in shares of American Financial Group during the 4th quarter worth about $97,304,000. Finally, Goldman Sachs Group Inc. boosted its position in shares of American Financial Group by 3.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock worth $77,145,000 after acquiring an additional 18,945 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

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.