KBC Group NV Trims Stock Position in American Financial Group, Inc. (NYSE:AFG)

KBC Group NV lessened its holdings in American Financial Group, Inc. (NYSE:AFGFree Report) by 65.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,594 shares of the insurance provider’s stock after selling 12,765 shares during the period. KBC Group NV’s holdings in American Financial Group were worth $784,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the stock. VisionPoint Advisory Group LLC increased its stake in shares of American Financial Group by 132.5% in the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 155 shares during the period. Arlington Trust Co LLC purchased a new stake in American Financial Group during the 4th quarter worth approximately $42,000. Itau Unibanco Holding S.A. acquired a new stake in shares of American Financial Group in the third quarter valued at about $52,000. GAMMA Investing LLC purchased a new position in American Financial Group in the 4th quarter worth approximately $53,000. Finally, Allspring Global Investments Holdings LLC grew its holdings in American Financial Group by 7,616.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after buying an additional 914 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Insider Activity

In related news, Director James E. Evans sold 2,274 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $128.64, for a total value of $292,527.36. Following the sale, the director now owns 105,302 shares of the company’s stock, valued at approximately $13,546,049.28. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on AFG. Citigroup raised their target price on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, March 25th. Piper Sandler lifted their price objective on shares of American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus price target of $135.00.

Read Our Latest Stock Analysis on AFG

American Financial Group Stock Down 0.4 %

AFG opened at $128.15 on Friday. The business has a 50 day simple moving average of $129.58 and a 200-day simple moving average of $124.76. The stock has a market capitalization of $10.75 billion, a P/E ratio of 12.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a 12 month low of $105.22 and a 12 month high of $137.71.

American Financial Group (NYSE:AFGGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.70 by $0.06. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter last year, the business earned $2.89 earnings per share. On average, equities analysts anticipate that American Financial Group, Inc. will post 10.94 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, April 12th. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

American Financial Group Company Profile

(Free Report)

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.

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

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