ABN Amro Investment Solutions Lowers Stock Position in American Financial Group, Inc. $AFG

ABN Amro Investment Solutions cut its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 31.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,480 shares of the insurance provider’s stock after selling 11,830 shares during the period. ABN Amro Investment Solutions’ holdings in American Financial Group were worth $3,713,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Hantz Financial Services Inc. boosted its position in shares of American Financial Group by 421.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock worth $25,000 after purchasing an additional 160 shares during the period. Atlantic Union Bankshares Corp acquired a new position in American Financial Group during the second quarter worth $27,000. Alpine Bank Wealth Management purchased a new position in shares of American Financial Group during the third quarter worth $30,000. Root Financial Partners LLC acquired a new stake in shares of American Financial Group in the third quarter valued at $34,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of American Financial Group by 165.0% in the third quarter. Smartleaf Asset Management LLC now owns 273 shares of the insurance provider’s stock valued at $39,000 after buying an additional 170 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Trading Down 0.1%

Shares of NYSE:AFG opened at $128.85 on Monday. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.02. The company’s 50 day moving average is $132.84 and its two-hundred day moving average is $135.26. 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 company has a market cap of $10.75 billion, a PE ratio of 12.80 and a beta of 0.71.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same period in the previous year, the company earned $3.12 EPS. Equities analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on American Financial Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. 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. Piper Sandler increased their price target on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research report on Thursday, November 6th. Finally, Jefferies Financial Group restated a “hold” rating and issued 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 given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $141.25.

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.