Cwm LLC Sells 2,304 Shares of American Financial Group, Inc. $AFG

Cwm LLC decreased its stake in American Financial Group, Inc. (NYSE:AFG) by 42.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,103 shares of the insurance provider’s stock after selling 2,304 shares during the period. Cwm LLC’s holdings in American Financial Group were worth $392,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Private Trust Co. NA lifted its stake in American Financial Group by 144.3% in the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 127 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in American Financial Group in the 1st quarter valued at about $34,000. Headlands Technologies LLC acquired a new stake in American Financial Group in the 1st quarter valued at about $55,000. IFP Advisors Inc lifted its stake in American Financial Group by 86.7% in the 2nd quarter. IFP Advisors Inc now owns 422 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 196 shares during the last quarter. Finally, Costello Asset Management INC acquired a new stake in American Financial Group in the 1st quarter valued at about $68,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of American Financial Group in a report on Friday. Jefferies Financial Group boosted their price objective on American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Keefe, Bruyette & Woods reduced their price objective on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Finally, Wall Street Zen upgraded American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Five investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $136.75.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the business’s stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the sale, the director owned 326,730 shares of the company’s stock, valued at approximately $43,883,106.30. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 17.40% of the company’s stock.

American Financial Group Stock Down 1.1%

Shares of AFG opened at $132.19 on Friday. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19. The company has a market cap of $11.02 billion, a P/E ratio of 14.53 and a beta of 0.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a 50 day simple moving average of $138.69 and a two-hundred day simple moving average of $130.28.

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

American Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Wednesday, October 15th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, October 15th. This is a boost from American Financial Group’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.7%. American Financial Group’s payout ratio is presently 38.68%.

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.