6,547 Shares in American Financial Group, Inc. $AFG Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR bought a new position in American Financial Group, Inc. (NYSE:AFG) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,547 shares of the insurance provider’s stock, valued at approximately $954,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hantz Financial Services Inc. increased its holdings in shares of American Financial Group by 421.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock worth $25,000 after acquiring an additional 160 shares during the period. Atlantic Union Bankshares Corp acquired a new position in American Financial Group during the 2nd quarter valued at about $27,000. IFP Advisors Inc boosted its stake in American Financial Group by 86.7% during 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 period. State of Wyoming bought a new position in American Financial Group in the 2nd quarter worth about $57,000. Finally, Employees Retirement System of Texas acquired a new stake in shares of American Financial Group in the second quarter valued at approximately $63,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

AFG has been the subject of several analyst reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research report on Monday, December 29th. Jefferies Financial Group reaffirmed a “hold” rating and set a $142.00 target price on shares of American Financial Group in a research note on Tuesday, November 11th. Piper Sandler increased their price target on American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.00.

Insider Activity 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 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 in the company, valued at $1,610,363. The trade was a 13.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 17.40% of the stock is owned by insiders.

American Financial Group Stock Down 1.3%

Shares of AFG stock opened at $134.89 on Monday. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.02. 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 business’s fifty day moving average is $136.48 and its 200-day moving average is $134.34. The stock has a market cap of $11.25 billion, a PE ratio of 14.17 and a beta of 0.70.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.35 by $0.34. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates 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 was up 13.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.31 earnings per share. Equities analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 27th. Stockholders of record on Thursday, January 15th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Thursday, January 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.6%. American Financial Group’s payout ratio is currently 36.97%.

American Financial Group Company Profile

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.