Insider Selling: American Financial Group, Inc. (NYSE:AFG) CEO Sells 25,000 Shares of Stock

American Financial Group, Inc. (NYSE:AFG) CEO S Craig Lindner sold 25,000 shares of the stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total transaction of $2,606,750.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

S Craig Lindner also recently made the following trade(s):

  • On Friday, June 2nd, S Craig Lindner sold 23,525 shares of American Financial Group stock. The stock was sold at an average price of $100.01, for a total transaction of $2,352,735.25.
  • On Monday, May 22nd, S Craig Lindner sold 11,178 shares of American Financial Group stock. The stock was sold at an average price of $98.30, for a total transaction of $1,098,797.40.
  • On Tuesday, May 9th, S Craig Lindner sold 26,475 shares of American Financial Group stock. The stock was sold at an average price of $99.46, for a total transaction of $2,633,203.50.

Shares of American Financial Group, Inc. (NYSE:AFG) traded down 0.62% during mid-day trading on Friday, hitting $101.66. 313,947 shares of the company were exchanged. The stock has a market cap of $8.95 billion, a PE ratio of 11.46 and a beta of 0.83. The stock’s 50-day moving average price is $102.00 and its 200 day moving average price is $97.62. American Financial Group, Inc. has a 12-month low of $73.38 and a 12-month high of $105.58.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.30 by $0.31. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period in the previous year, the company earned $1.28 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that American Financial Group, Inc. will post $6.80 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were paid a $0.3125 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.23%. American Financial Group’s payout ratio is 14.06%.

COPYRIGHT VIOLATION NOTICE: “Insider Selling: American Financial Group, Inc. (NYSE:AFG) CEO Sells 25,000 Shares of Stock” was published by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.com-unik.info/2017/08/19/american-financial-group-inc-nyseafg-ceo-s-craig-lindner-sells-25000-shares-updated.html.

Several hedge funds and other institutional investors have recently modified their holdings of AFG. Teachers Advisors LLC raised its position in shares of American Financial Group by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 119,925 shares of the insurance provider’s stock worth $10,568,000 after buying an additional 9,125 shares during the last quarter. Creative Planning raised its position in shares of American Financial Group by 3.1% in the first quarter. Creative Planning now owns 11,173 shares of the insurance provider’s stock worth $1,066,000 after buying an additional 336 shares during the last quarter. Capstone Asset Management Co. raised its position in shares of American Financial Group by 4.3% in the first quarter. Capstone Asset Management Co. now owns 9,889 shares of the insurance provider’s stock worth $944,000 after buying an additional 408 shares during the last quarter. Alpha Windward LLC purchased a new position in shares of American Financial Group during the first quarter worth approximately $487,000. Finally, Louisiana State Employees Retirement System raised its position in American Financial Group by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the insurance provider’s stock valued at $1,765,000 after buying an additional 500 shares in the last quarter. Institutional investors and hedge funds own 62.86% of the company’s stock.

A number of brokerages have recently issued reports on AFG. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Monday, August 7th. BidaskClub raised shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th.

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.

Insider Buying and Selling by Quarter for American Financial Group (NYSE:AFG)

What are top analysts saying about American Financial Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for American Financial Group Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit