American Financial Group, Inc. $AFG Stock Holdings Reduced by Boston Trust Walden Corp

Boston Trust Walden Corp lowered its stake in American Financial Group, Inc. (NYSE:AFG) by 5.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 483,473 shares of the insurance provider’s stock after selling 26,336 shares during the quarter. Boston Trust Walden Corp’s holdings in American Financial Group were worth $66,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Chicago Partners Investment Group LLC raised its stake in American Financial Group by 42.8% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 5,021 shares of the insurance provider’s stock worth $756,000 after acquiring an additional 1,504 shares during the period. AIA Group Ltd boosted its position in shares of American Financial Group by 798.9% in the third quarter. AIA Group Ltd now owns 13,178 shares of the insurance provider’s stock worth $1,802,000 after purchasing an additional 11,712 shares during the period. Provenance Wealth Advisors LLC increased its stake in shares of American Financial Group by 43.3% in the third quarter. Provenance Wealth Advisors LLC now owns 860 shares of the insurance provider’s stock worth $118,000 after purchasing an additional 260 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of American Financial Group in the third quarter worth $8,991,000. Finally, Vise Technologies Inc. bought a new stake in shares of American Financial Group during the 3rd quarter valued at $1,268,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, CFO Brian Hertzman sold 950 shares of the business’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of $142.87, for a total transaction of $135,726.50. Following the sale, the chief financial officer owned 11,123 shares in the company, valued at approximately $1,589,143.01. The trade was a 7.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 16.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AFG shares. Weiss Ratings upgraded shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Piper Sandler boosted their price objective on American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Wells Fargo & Company dropped their price objective on American Financial Group from $175.00 to $166.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Wall Street Zen upgraded American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 17th. Finally, Keefe, Bruyette & Woods cut their target price on American Financial Group from $153.00 to $147.00 and set a “market perform” rating for the company in a research report on Monday, October 12th. Two research analysts have rated the stock with a Buy rating and three have issued 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 $152.75.

American Financial Group Trading Up 0.9%

Shares of NYSE AFG opened at $154.36 on Thursday. American Financial Group, Inc. has a fifty-two week low of $123.09 and a fifty-two week high of $156.24. The company has a market cap of $12.80 billion, a price-to-earnings ratio of 12.59 and a beta of 0.55. The business’s 50 day moving average price is $144.40 and its 200-day moving average price is $136.76. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.49 and a current ratio of 0.49.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 earnings per share for the quarter, beating analysts’ consensus estimates of $3.80 by $0.17. American Financial Group had a return on equity of 22.50% and a net margin of 11.96%. The business had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the company posted $2.69 EPS. On average, sell-side analysts expect that American Financial Group, Inc. will post 12.29 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be paid a $3.50 dividend. The ex-dividend date is Monday, November 16th. American Financial Group’s dividend payout ratio (DPR) is 33.92%.

American Financial Group News Summary

Here are the key news stories impacting American Financial Group this week:

• Positive Sentiment: AFG reported third-quarter adjusted earnings of $3.97 per share, above the $3.80 analyst consensus, while revenue of $2.58 billion also exceeded estimates of $2.40 billion. Earnings were higher than a year earlier, supporting the positive reaction. American Financial Group Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company declared a $3.50-per-share special cash dividend, payable November 25 to shareholders of record November 16. The payout may appeal to income-focused investors and signals a return of capital. American Financial Group Declares Special Cash Dividend
• Neutral Sentiment: Reported net earnings were $3.40 per share, below adjusted EPS, because non-core items reduced income by $0.57 per share. This distinction tempers the headline results but does not erase the earnings and revenue beats. American Financial Group Announces Third Quarter Results and Declares Special Dividend
• Negative Sentiment: AFG’s property-and-casualty combined ratio worsened by 90 basis points to 94%. Although still below 100%, the increase suggests some pressure on underwriting performance. AFG P&C Combined Ratio Worsens in Q3

American Financial Group Company Profile

American Financial Group, Inc (NYSE:AFG) is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group operations, the company primarily provides property and casualty insurance, with an emphasis on specialty commercial products and markets.

Its insurance offerings serve businesses, organizations and individuals across a range of industries. Product lines have included commercial property and liability coverage, workers’ compensation, transportation, agriculture and crop insurance, marine and other specialty risks.