American Financial Group, Inc. $AFG Shares Sold by Croban

Croban lowered its position in shares of American Financial Group, Inc. (NYSE:AFG) by 79.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,037 shares of the insurance provider’s stock after selling 8,081 shares during the quarter. Croban’s holdings in American Financial Group were worth $297,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hantz Financial Services Inc. increased its position 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 worth $25,000 after purchasing an additional 160 shares in the last quarter. Atlantic Union Bankshares Corp acquired a new stake in American Financial Group during the 2nd quarter worth $27,000. IFP Advisors Inc grew its holdings in shares of American Financial Group by 86.7% during the second quarter. IFP Advisors Inc now owns 422 shares of the insurance provider’s stock worth $57,000 after buying an additional 196 shares in the last quarter. State of Wyoming purchased a new stake in shares of American Financial Group during the second quarter worth $57,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of American Financial Group in the second quarter valued at about $63,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AFG. Weiss Ratings restated a “buy (b-)” rating on shares of American Financial Group in a research report on Monday. Wall Street Zen upgraded American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Jefferies Financial Group restated a “hold” rating and issued a $142.00 price target on shares of American Financial Group in a research report on Tuesday, November 11th. Finally, Piper Sandler increased 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. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $135.00.

American Financial Group Trading Down 0.9%

Shares of American Financial Group stock opened at $136.61 on Thursday. The stock has a 50 day moving average of $136.36 and a 200 day moving average of $134.08. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $11.39 billion, a price-to-earnings ratio of 14.35 and a beta of 0.69. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.02.

American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.34. The company had revenue of $2.33 billion for the quarter, compared to the consensus estimate of $2.02 billion. American Financial Group had a return on equity of 18.05% and a net margin of 9.66%.The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.31 earnings per share. As a group, research analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, November 17th. American Financial Group’s dividend payout ratio (DPR) is 36.97%.

Insider Buying and Selling at American Financial Group

In other news, CFO Brian S. Hertzman sold 1,777 shares of the business’s stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $142.51, for a total value of $253,240.27. Following the sale, 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 is available at this hyperlink. 17.40% of the stock is currently owned by corporate insiders.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.