American Financial Group, Inc. (NYSE:AFG) Director Gregory G. Joseph Buys 3,000 Shares

American Financial Group, Inc. (NYSE:AFG) Director Gregory G. Joseph bought 3,000 shares of American Financial Group stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now owns 57,477 shares of the company’s stock, valued at $6,954,717. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Financial Group Trading Up 1.9 %

AFG opened at $122.50 on Wednesday. American Financial Group, Inc. has a twelve month low of $118.97 and a twelve month high of $150.19. The company has a 50-day simple moving average of $132.13 and a 200 day simple moving average of $134.58. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $10.28 billion, a price-to-earnings ratio of 11.59 and a beta of 0.83.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.61%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s payout ratio is 30.27%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Piper Sandler upped their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut shares of American Financial Group from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in American Financial Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,287,861 shares of the insurance provider’s stock worth $1,134,857,000 after acquiring an additional 99,560 shares in the last quarter. FMR LLC boosted its holdings in American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after acquiring an additional 202,522 shares during the last quarter. State Street Corp boosted its holdings in American Financial Group by 4.0% in the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after acquiring an additional 104,172 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of American Financial Group by 2.7% during the 4th quarter. Geode Capital Management LLC now owns 1,595,346 shares of the insurance provider’s stock worth $218,146,000 after buying an additional 42,139 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of American Financial Group by 26.2% during the 4th quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock worth $136,566,000 after buying an additional 207,285 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

About American Financial Group

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.