Victory Capital Management Inc. Trims Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Victory Capital Management Inc. lowered its stake in American Financial Group, Inc. (NYSE:AFG) by 8.9% during the third quarter, Holdings Channel.com reports. The firm owned 3,404,379 shares of the insurance provider’s stock after selling 333,326 shares during the quarter. Victory Capital Management Inc.’s holdings in American Financial Group were worth $458,229,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new stake in American Financial Group in the second quarter valued at about $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the 2nd quarter valued at about $38,000. Covestor Ltd raised its stake in American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the period. Blue Trust Inc. increased its stake in shares of 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. Finally, Abich Financial Wealth Management LLC boosted its position in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of a number of research reports. Piper Sandler upped their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday. BMO Capital Markets upped their price target on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 8th.

American Financial Group Stock Up 0.1 %

NYSE:AFG traded up $0.16 during trading hours on Tuesday, reaching $142.37. The company’s stock had a trading volume of 37,850 shares, compared to its average volume of 301,504. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50-day moving average is $134.09 and its 200-day moving average is $129.88. The company has a market cap of $11.95 billion, a price-to-earnings ratio of 13.33 and a beta of 0.79. American Financial Group, Inc. has a one year low of $107.73 and a one year high of $142.85.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 20.45%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business posted $2.45 earnings per share. The firm’s revenue was up 10.8% compared to the same quarter last year. Equities research analysts predict that American Financial Group, Inc. will post 10.93 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $4.00 dividend. This is an increase from American Financial Group’s previous None dividend of $1.00. The ex-dividend date is Friday, November 15th. American Financial Group’s dividend payout ratio is 29.99%.

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.