Principal Financial Group Inc. Has $23.06 Million Position in American Financial Group, Inc. $AFG

Principal Financial Group Inc. trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,226 shares of the insurance provider’s stock after selling 8,963 shares during the quarter. Principal Financial Group Inc. owned 0.19% of American Financial Group worth $23,057,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new position in shares of American Financial Group in the second quarter valued at about $106,707,000. Vestor Capital LLC grew its position in shares of American Financial Group by 64,631.3% during the 2nd quarter. Vestor Capital LLC now owns 388,388 shares of the insurance provider’s stock worth $49,018,000 after purchasing an additional 387,788 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of American Financial Group during the 2nd quarter worth approximately $20,560,000. JPMorgan Chase & Co. increased its holdings in shares of American Financial Group by 50.9% during the second quarter. JPMorgan Chase & Co. now owns 307,874 shares of the insurance provider’s stock worth $38,857,000 after purchasing an additional 103,826 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of American Financial Group by 29.6% in the second quarter. Ameriprise Financial Inc. now owns 424,723 shares of the insurance provider’s stock valued at $53,605,000 after buying an additional 97,102 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. 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 report on Thursday, November 6th. Wells Fargo & Company decreased their price target on American Financial Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 price target on shares of American Financial Group in a research note on Tuesday, November 11th. Finally, Weiss Ratings downgraded shares of American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and an average target price of $141.25.

American Financial Group Stock Up 1.2%

AFG stock opened at $131.22 on Friday. The firm has a 50-day moving average price of $133.24 and a 200-day moving average price of $135.08. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.02. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $10.94 billion, a P/E ratio of 13.03 and a beta of 0.71.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, February 3rd. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.18 by $0.47. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.79 billion. American Financial Group had a net margin of 10.30% and a return on equity of 18.92%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $3.12 EPS. American Financial Group has set its FY 2026 guidance at 11.000-11.000 EPS. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, February 16th will be given a dividend of $1.50 per share. The ex-dividend date is Friday, February 13th. American Financial Group’s payout ratio is currently 34.96%.

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.