John B. Berding Sells 17,721 Shares of American Financial Group Inc (AFG) Stock
American Financial Group Inc (NYSE:AFG) insider John B. Berding sold 17,721 shares of the business’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $112.45, for a total value of $1,992,726.45. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of NYSE AFG opened at $113.30 on Friday. 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 Inc has a one year low of $95.19 and a one year high of $121.69. The firm has a market capitalization of $9.87 billion, a price-to-earnings ratio of 17.30, a PEG ratio of 1.05 and a beta of 0.78.
American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, August 1st. The insurance provider reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.08. American Financial Group had a return on equity of 13.27% and a net margin of 7.50%. The firm had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the firm posted $1.61 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. equities analysts forecast that American Financial Group Inc will post 8.53 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently modified their holdings of AFG. BerganKDV Wealth Management LLC acquired a new position in American Financial Group in the 2nd quarter valued at $110,000. Cerebellum GP LLC grew its holdings in American Financial Group by 62.3% in the 2nd quarter. Cerebellum GP LLC now owns 1,660 shares of the insurance provider’s stock valued at $178,000 after buying an additional 637 shares in the last quarter. Focused Wealth Management Inc grew its holdings in American Financial Group by 77.8% in the 1st quarter. Focused Wealth Management Inc now owns 1,600 shares of the insurance provider’s stock valued at $180,000 after buying an additional 700 shares in the last quarter. KCM Investment Advisors LLC acquired a new position in American Financial Group in the 2nd quarter valued at $212,000. Finally, Janney Montgomery Scott LLC acquired a new position in American Financial Group in the 2nd quarter valued at $225,000. 61.35% of the stock is currently owned by hedge funds and other institutional investors.
AFG has been the topic of a number of recent analyst reports. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a report on Friday, May 4th. Raymond James lowered American Financial Group from an “outperform” rating to a “market perform” rating in a report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. American Financial Group presently has a consensus rating of “Hold” and an average target price of $116.00.
American Financial Group Company Profile
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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