American Financial Group, Inc. (NYSE:AFG) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 36.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,578 shares of the insurance provider’s stock after selling 13,949 shares during the quarter. Intech Investment Management LLC’s holdings in American Financial Group were worth $3,308,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oppenheimer & Co. Inc. increased its stake in American Financial Group by 4.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after buying an additional 83 shares during the period. Sei Investments Co. increased its position in shares of American Financial Group by 0.3% during the second quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after acquiring an additional 86 shares during the period. Diversified Trust Co increased its position in shares of American Financial Group by 5.0% during the second quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock worth $259,000 after acquiring an additional 100 shares during the period. Verdence Capital Advisors LLC raised its stake in shares of American Financial Group by 6.3% in the third quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock valued at $283,000 after acquiring an additional 125 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE:AFG opened at $146.47 on Friday. American Financial Group, Inc. has a 12 month low of $110.53 and a 12 month high of $147.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $12.29 billion, a PE ratio of 13.73 and a beta of 0.79. The business’s fifty day moving average price is $135.68 and its 200 day moving average price is $130.81.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. American Financial Group’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $2.45 EPS. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business also recently announced a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be issued a $4.00 dividend. This is a boost from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is Friday, November 15th. American Financial Group’s dividend payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AFG. Piper Sandler increased their price target on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised 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 report on Friday, November 15th.

American Financial Group Company Profile

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.