American Financial Group Inc (AFG) CEO Carl H. Lindner III Sells 150,000 Shares

American Financial Group Inc (NYSE:AFG) CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of American Financial Group Inc (AFG) traded up $0.76 on Monday, reaching $105.82. The company’s stock had a trading volume of 262,100 shares, compared to its average volume of 356,371. American Financial Group Inc has a 12-month low of $82.07 and a 12-month high of $106.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $9,324.09, a price-to-earnings ratio of 16.69, a PEG ratio of 3.00 and a beta of 0.86.

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

The company also recently disclosed a special dividend, which was paid on Monday, November 27th. Stockholders of record on Friday, November 17th were issued a dividend of $2.00 per share. This is an increase from American Financial Group’s previous special dividend of $1.50. The ex-dividend date was Thursday, November 16th. This represents a dividend yield of 1.33%. American Financial Group’s payout ratio is currently 17.97%.

Several equities analysts have issued reports on AFG shares. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub lowered American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Buckingham Research started coverage on American Financial Group in a research note on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target on the stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio increased its holdings in shares of American Financial Group by 71.8% during the third quarter. Public Employees Retirement System of Ohio now owns 53,742 shares of the insurance provider’s stock valued at $5,560,000 after acquiring an additional 22,452 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of American Financial Group during the third quarter valued at approximately $211,000. Belpointe Asset Management LLC bought a new stake in shares of American Financial Group during the third quarter valued at approximately $973,000. Cetera Advisors LLC bought a new stake in shares of American Financial Group during the third quarter valued at approximately $272,000. Finally, California Public Employees Retirement System increased its holdings in shares of American Financial Group by 3.0% during the third quarter. California Public Employees Retirement System now owns 226,933 shares of the insurance provider’s stock valued at $23,476,000 after acquiring an additional 6,675 shares in the last quarter. Hedge funds and other institutional investors own 60.46% 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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