American Financial Group, Inc. (NYSE:AFG) Shares Bought by Truist Financial Corp

Truist Financial Corp raised its position in American Financial Group, Inc. (NYSE:AFGGet Rating) by 25.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,052 shares of the insurance provider’s stock after purchasing an additional 1,818 shares during the quarter. Truist Financial Corp’s holdings in American Financial Group were worth $1,112,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its holdings in shares of American Financial Group by 5.3% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 1,877 shares of the insurance provider’s stock worth $261,000 after acquiring an additional 95 shares during the last quarter. State of Michigan Retirement System lifted its holdings in shares of American Financial Group by 0.6% in the 2nd quarter. State of Michigan Retirement System now owns 16,910 shares of the insurance provider’s stock worth $2,347,000 after acquiring an additional 100 shares during the last quarter. Lincoln National Corp lifted its holdings in shares of American Financial Group by 6.0% in the 2nd quarter. Lincoln National Corp now owns 1,808 shares of the insurance provider’s stock worth $251,000 after acquiring an additional 103 shares during the last quarter. DnB Asset Management AS lifted its holdings in shares of American Financial Group by 0.8% in the 2nd quarter. DnB Asset Management AS now owns 13,204 shares of the insurance provider’s stock worth $1,833,000 after acquiring an additional 104 shares during the last quarter. Finally, Resonant Capital Advisors LLC lifted its holdings in shares of American Financial Group by 2.1% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,262 shares of the insurance provider’s stock worth $647,000 after acquiring an additional 109 shares during the last quarter. 64.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on AFG. StockNews.com initiated coverage on shares of American Financial Group in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. BMO Capital Markets initiated coverage on shares of American Financial Group in a research note on Thursday. They set a “market perform” rating on the stock. Morgan Stanley upped their target price on shares of American Financial Group from $146.00 to $150.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 22nd. Finally, Piper Sandler upped their target price on shares of American Financial Group from $162.00 to $168.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 10th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $165.33.

American Financial Group Trading Down 1.5 %

Shares of NYSE:AFG opened at $137.31 on Friday. American Financial Group, Inc. has a 52 week low of $119.01 and a 52 week high of $152.29. The company’s 50 day moving average is $138.98 and its two-hundred day moving average is $134.72. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.39. The company has a market cap of $11.69 billion, a PE ratio of 11.97 and a beta of 0.83.

American Financial Group (NYSE:AFGGet Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The insurance provider reported $2.24 EPS for the quarter, beating analysts’ consensus estimates of $2.20 by $0.04. American Financial Group had a net margin of 14.22% and a return on equity of 24.41%. The company had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the firm posted $2.71 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities analysts predict that American Financial Group, Inc. will post 11.6 earnings per share for the current fiscal year.

American Financial Group Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 25th. Shareholders of record on Friday, January 13th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, January 12th. American Financial Group’s dividend payout ratio is presently 21.97%.

Insider Buying and Selling at American Financial Group

In other news, insider John B. Berding sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $148.87, for a total value of $595,480.00. Following the completion of the transaction, the insider now owns 36,083 shares in the company, valued at approximately $5,371,676.21. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider John B. Berding sold 12,745 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $146.24, for a total value of $1,863,828.80. Following the completion of the transaction, the insider now owns 36,083 shares in the company, valued at approximately $5,276,777.92. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider John B. Berding sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were sold at an average price of $148.87, for a total transaction of $595,480.00. Following the completion of the transaction, the insider now owns 36,083 shares of the company’s stock, valued at approximately $5,371,676.21. The disclosure for this sale can be found here. Insiders own 14.60% of the company’s stock.

About American Financial Group

(Get Rating)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.

Further Reading

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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