American Financial Group, Inc. $AFG Stock Holdings Decreased by Quantum Portfolio Management LLC

Quantum Portfolio Management LLC lessened its position in American Financial Group, Inc. (NYSE:AFG) by 51.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,373 shares of the insurance provider’s stock after selling 5,583 shares during the quarter. Quantum Portfolio Management LLC’s holdings in American Financial Group were worth $783,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nordea Investment Management AB boosted its holdings in shares of American Financial Group by 72.5% during the second quarter. Nordea Investment Management AB now owns 57,894 shares of the insurance provider’s stock worth $7,249,000 after purchasing an additional 24,334 shares during the period. Caxton Associates LLP acquired a new position in American Financial Group in the 2nd quarter valued at approximately $1,790,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in American Financial Group by 16.7% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 64,591 shares of the insurance provider’s stock worth $8,152,000 after buying an additional 9,263 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in shares of American Financial Group by 10.3% during the 2nd quarter. Allianz Asset Management GmbH now owns 306,080 shares of the insurance provider’s stock valued at $38,630,000 after buying an additional 28,626 shares during the period. Finally, Brandywine Global Investment Management LLC boosted its stake in shares of American Financial Group by 33.6% during the 2nd quarter. Brandywine Global Investment Management LLC now owns 94,788 shares of the insurance provider’s stock valued at $11,963,000 after buying an additional 23,838 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Price Performance

NYSE AFG opened at $130.93 on Monday. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.02. The stock’s 50-day moving average is $136.20 and its two-hundred day moving average is $134.86. The firm has a market cap of $10.92 billion, a P/E ratio of 13.75 and a beta of 0.70. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.55 and a quick ratio of 0.55.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.34. American Financial Group had a return on equity of 18.05% and a net margin of 9.66%.The business had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same quarter in the prior year, the firm posted $2.31 EPS. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. On average, analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Thursday, January 15th will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Thursday, January 15th. American Financial Group’s payout ratio is presently 36.97%.

Insider Buying and Selling at American Financial Group

In related news, CFO Brian S. Hertzman sold 1,777 shares of the company’s stock in a transaction on Friday, November 7th. The shares were sold at an average price of $142.51, for a total transaction of $253,240.27. Following the completion of the sale, the chief financial officer directly owned 11,300 shares of the company’s stock, valued at approximately $1,610,363. This represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 17.40% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of a number of research reports. Piper Sandler upped their price target on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings lowered American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Jefferies Financial Group reaffirmed a “hold” rating and set a $142.00 price target on shares of American Financial Group in a research note on Tuesday, November 11th. Finally, Wells Fargo & Company assumed coverage on American Financial Group in a research note on Thursday. They issued an “overweight” rating and a $165.00 price target for the company. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $142.50.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.