Todays Report: Today, 30,000 Shares of American Financial Group Inc. (AFG) Stock are sold by S Craig Lindner

Today, 30,000 Shares of American Financial Group Inc. (AFG) Stock are sold by S Craig Lindner

American Financial Group Inc. (NYSE:AFG) CEO S Craig Lindner sold 30,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $81.35, for a total transaction of $2,440,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

S Craig Lindner also recently made the following trade(s): On Tuesday, November 22nd, S Craig Lindner sold 25,000 shares of American Financial Group stock. The stock was sold at an average price of $81.31, for a total transaction of $2,032,750.00. On Monday, November 7th, S Craig Lindner sold 50,000 shares of American Financial Group stock. The stock was sold at an average price of $75.52, for a total transaction of $3,776,000.00.

American Financial Group Inc. (NYSE:AFG) opened at 81.76 on Friday. The firm’s 50-day moving average is $76.93 and its 200 day moving average is $74.09. The company has a market cap of $7.10 billion, a PE ratio of 18.44 and a beta of 0.63. American Financial Group Inc. has a 1-year low of $64.87 and a 1-year high of $81.78.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 1st. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.02. American Financial Group had a return on equity of 9.74% and a net margin of 6.16%. The business earned $1.16 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned $1.38 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. Analysts predict that American Financial Group Inc. will post $5.67 earnings per share for the current fiscal year.

The firm also recently announced a special dividend, which will be paid on Wednesday, December 7th. Stockholders of record on Wednesday, November 23rd will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Monday, November 21st. This represents a dividend yield of 1.64%. American Financial Group’s dividend payout ratio (DPR) is 28.15%.

AFG has been the topic of a number of analyst reports. Zacks Investment Research cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 12th. Sandler O’Neill upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and upped their price target for the stock from $74.00 to $81.00 in a research note on Friday, August 12th.

Hedge funds have recently added to or reduced their stakes in the company. Credit Suisse AG increased its stake in American Financial Group by 3.1% in the third quarter. Credit Suisse AG now owns 95,944 shares of the company’s stock valued at $7,195,000 after buying an additional 2,867 shares during the period. Ameritas Investment Partners Inc. raised its position in shares of American Financial Group by 95.7% in the third quarter. Ameritas Investment Partners Inc. now owns 21,996 shares of the company’s stock valued at $1,650,000 after buying an additional 10,754 shares in the last quarter. Eaton Vance Management raised its position in shares of American Financial Group by 13.3% in the third quarter. Eaton Vance Management now owns 1,399,688 shares of the company’s stock valued at $104,977,000 after buying an additional 163,911 shares in the last quarter. Picton Mahoney Asset Management raised its position in shares of American Financial Group by 15.5% in the third quarter. Picton Mahoney Asset Management now owns 163,250 shares of the company’s stock valued at $12,247,000 after buying an additional 21,850 shares in the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of American Financial Group during the third quarter valued at approximately $7,529,000. Institutional investors and hedge funds own 59.68% of the company’s stock.

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