American Financial Group, Inc. $AFG Shares Sold by American Financial Group Inc. 401 K Retirement & Savings Plan

American Financial Group Inc. 401 K Retirement & Savings Plan reduced its stake in American Financial Group, Inc. (NYSE:AFG) by 5.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,407,589 shares of the insurance provider’s stock after selling 145,406 shares during the period. American Financial Group accounts for 100.0% of American Financial Group Inc. 401 K Retirement & Savings Plan’s holdings, making the stock its biggest holding. American Financial Group Inc. 401 K Retirement & Savings Plan owned 2.89% of American Financial Group worth $350,834,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Advisors Asset Management Inc. increased its position in American Financial Group by 3.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 2,640 shares of the insurance provider’s stock valued at $333,000 after buying an additional 83 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of American Financial Group by 12.1% during the third quarter. Jones Financial Companies Lllp now owns 863 shares of the insurance provider’s stock valued at $125,000 after acquiring an additional 93 shares in the last quarter. Intrust Bank NA raised its position in shares of American Financial Group by 3.6% during the third quarter. Intrust Bank NA now owns 2,935 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 102 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of American Financial Group by 1.6% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 7,405 shares of the insurance provider’s stock worth $1,087,000 after purchasing an additional 115 shares during the period. Finally, QRG Capital Management Inc. lifted its holdings in shares of American Financial Group by 2.7% in the 3rd quarter. QRG Capital Management Inc. now owns 5,938 shares of the insurance provider’s stock worth $865,000 after purchasing an additional 154 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on AFG. Weiss Ratings lowered shares of American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, January 12th. Wells Fargo & Company decreased their target price on shares of American Financial Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. Piper Sandler raised their price target on shares of American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $142.00 price objective on shares of American Financial Group in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $141.25.

American Financial Group Price Performance

AFG stock opened at $130.14 on Monday. The firm has a 50 day moving average of $132.42 and a 200-day moving average of $135.45. The firm has a market capitalization of $10.85 billion, a P/E ratio of 12.92 and a beta of 0.71. 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.

American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, February 4th. The insurance provider reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.18 by $0.47. American Financial Group had a net margin of 10.30% and a return on equity of 18.92%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.79 billion. During the same quarter in the prior year, the firm posted $3.12 EPS. American Financial Group’s revenue was down 4.0% on a year-over-year basis. As a group, sell-side analysts predict 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 special dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, February 16th will be paid a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, February 13th. American Financial Group’s dividend payout ratio (DPR) is currently 34.96%.

American Financial Group 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.