ABN Amro Investment Solutions Makes New $4.71 Million Investment in American Financial Group, Inc. $AFG

ABN Amro Investment Solutions acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 37,310 shares of the insurance provider’s stock, valued at approximately $4,709,000.

Several other large investors have also modified their holdings of AFG. Hantz Financial Services Inc. lifted its holdings in shares of American Financial Group by 421.1% during the second quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 160 shares during the last quarter. Atlantic Union Bankshares Corp purchased a new position in American Financial Group in the 2nd quarter worth about $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in American Financial Group during the 1st quarter worth about $34,000. Headlands Technologies LLC purchased a new stake in American Financial Group during the first quarter valued at about $55,000. Finally, IFP Advisors Inc increased its position in shares of American Financial Group by 86.7% in the second quarter. IFP Advisors Inc now owns 422 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 196 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Up 0.8%

Shares of American Financial Group stock opened at $143.14 on Friday. The stock has a market capitalization of $11.94 billion, a P/E ratio of 15.73 and a beta of 0.78. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. The stock has a 50 day moving average price of $139.02 and a two-hundred day moving average price of $131.17.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.34. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.02 billion. During the same period last year, the business posted $2.31 earnings per share. The firm’s revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be given a dividend of $2.00 per share. The ex-dividend date is Monday, November 17th. American Financial Group’s dividend payout ratio is presently 36.97%.

Insider Buying and Selling at American Financial Group

In related news, CFO Brian S. Hertzman sold 1,777 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $142.51, for a total transaction of $253,240.27. Following the transaction, the chief financial officer directly owned 11,300 shares of the company’s stock, valued at approximately $1,610,363. The trade was a 13.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the firm’s stock in a transaction on 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 transaction, the director owned 326,730 shares in the company, valued at approximately $43,883,106.30. This trade represents a 2.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 17.40% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AFG. Keefe, Bruyette & Woods decreased their price objective on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. Weiss Ratings raised American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Piper Sandler lifted their price target on American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a report on Thursday, November 6th. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Jefferies Financial Group restated a “hold” rating and set a $142.00 price objective on shares of American Financial Group in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $137.00.

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.