Sandler O’Neill restated their buy rating on shares of American Financial Group (NYSE:AFG) in a report issued on Wednesday. They currently have a $119.00 target price on the insurance provider’s stock.

Separately, Zacks Investment Research downgraded American Financial Group from a buy rating to a hold rating in a report on Tuesday, September 26th.

American Financial Group (NYSE AFG) traded up $0.82 during trading on Wednesday, reaching $109.16. The company had a trading volume of 259,259 shares, compared to its average volume of 268,726. The firm has a market cap of $9,546.14, a price-to-earnings ratio of 14.01, a PEG ratio of 1.32 and a beta of 0.85. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group has a 12-month low of $85.57 and a 12-month high of $109.43.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, topping the consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. American Financial Group’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.51 EPS. sell-side analysts anticipate that American Financial Group will post 6.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Monday, January 15th will be issued a dividend of $0.35 per share. The ex-dividend date is Thursday, January 11th. This represents a $1.40 annualized dividend and a yield of 1.28%. American Financial Group’s dividend payout ratio is presently 17.97%.

In other American Financial Group news, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total value of $5,310,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 201,438 shares of company stock worth $21,166,854 over the last 90 days. 14.90% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of AFG. BlackRock Inc. increased its holdings in American Financial Group by 9.7% during the 2nd quarter. BlackRock Inc. now owns 6,488,701 shares of the insurance provider’s stock worth $644,783,000 after purchasing an additional 572,969 shares during the last quarter. State Street Corp increased its holdings in shares of American Financial Group by 22.8% in the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock valued at $262,481,000 after acquiring an additional 490,781 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of American Financial Group by 166.0% in the 3rd quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock valued at $49,931,000 after acquiring an additional 301,200 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of American Financial Group by 35.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 913,932 shares of the insurance provider’s stock valued at $90,817,000 after acquiring an additional 237,195 shares during the last quarter. Finally, APG Asset Management N.V. increased its holdings in shares of American Financial Group by 182.7% in the 3rd quarter. APG Asset Management N.V. now owns 292,900 shares of the insurance provider’s stock valued at $30,301,000 after acquiring an additional 189,300 shares during the last quarter. Institutional investors own 61.40% of the company’s stock.

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About American Financial Group

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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