Wealth Enhancement Advisory Services LLC Sells 1,099 Shares of American Financial Group, Inc. $AFG

Wealth Enhancement Advisory Services LLC decreased its position in American Financial Group, Inc. (NYSE:AFG) by 13.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,290 shares of the insurance provider’s stock after selling 1,099 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in American Financial Group were worth $929,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AFG. Private Trust Co. NA increased its position in American Financial Group by 144.3% during the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock worth $28,000 after acquiring an additional 127 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in American Financial Group during the first quarter worth $34,000. Headlands Technologies LLC bought a new position in American Financial Group during the first quarter worth $55,000. Costello Asset Management INC bought a new position in American Financial Group during the first quarter worth $68,000. Finally, UMB Bank n.a. increased its position in American Financial Group by 97.4% during the first quarter. UMB Bank n.a. now owns 671 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 331 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of NYSE:AFG opened at $147.32 on Friday. The stock has a market capitalization of $12.29 billion, a P/E ratio of 16.19 and a beta of 0.74. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $135.31 and a two-hundred day moving average price of $128.92.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. The firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.56 EPS. Equities analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 24th. Stockholders of record on Wednesday, October 15th will be paid a $0.88 dividend. This is a boost from American Financial Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 15th. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. American Financial Group’s dividend payout ratio (DPR) is currently 35.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AFG shares. Jefferies Financial Group boosted their target price on shares of American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Keefe, Bruyette & Woods dropped their target price on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Finally, Wall Street Zen upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $136.75.

Insider Activity at American Financial Group

In other news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total value of $1,343,100.00. Following the completion of the sale, the director directly owned 326,730 shares of the company’s stock, valued at $43,883,106.30. This represents a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 17.40% of the stock is currently owned by company insiders.

American Financial Group 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.