Truist Financial Corp Has $935,000 Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Truist Financial Corp trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,832 shares of the insurance provider’s stock after selling 513 shares during the quarter. Truist Financial Corp’s holdings in American Financial Group were worth $935,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFG. UMB Bank n.a. grew its holdings in American Financial Group by 86.8% in the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after buying an additional 158 shares in the last quarter. Allworth Financial LP grew its holdings in shares of American Financial Group by 301.1% during the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 527 shares in the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of American Financial Group during the 3rd quarter worth $125,000. Brooklyn Investment Group acquired a new stake in shares of American Financial Group during the 3rd quarter worth $130,000. Finally, GAMMA Investing LLC grew its holdings in shares of American Financial Group by 31.6% during the 4th quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 254 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Price Performance

American Financial Group stock opened at $126.24 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $10.60 billion, a PE ratio of 11.94 and a beta of 0.83. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The stock has a 50-day moving average price of $131.45 and a two-hundred day moving average price of $134.45.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group’s dividend payout ratio is presently 30.27%.

Analyst Ratings Changes

Several analysts have recently issued reports on AFG shares. Piper Sandler increased their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods lowered American Financial Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $164.00 to $144.00 in a report on Friday, February 7th. Finally, BMO Capital Markets upped their price objective on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th.

Insider Buying and Selling at American Financial Group

In related news, Director Gregory G. Joseph acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now directly owns 57,477 shares in the company, valued at $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 14.50% of the company’s stock.

About American Financial Group

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.