American Financial Group, Inc. (NYSE:AFG) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 9.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,455 shares of the insurance provider’s stock after selling 4,090 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in American Financial Group were worth $5,041,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC acquired a new position in shares of American Financial Group in the second quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in American Financial Group in the second quarter valued at approximately $38,000. Blue Trust Inc. raised its stake in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after buying an additional 133 shares during the period. Abich Financial Wealth Management LLC lifted its position in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after buying an additional 523 shares in the last quarter. Finally, nVerses Capital LLC grew its stake in American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after acquiring an additional 400 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Down 0.1 %

NYSE AFG opened at $147.93 on Friday. The business has a fifty day moving average price of $136.64 and a 200 day moving average price of $131.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market cap of $12.42 billion, a P/E ratio of 13.86 and a beta of 0.79. American Financial Group, Inc. has a one year low of $110.53 and a one year high of $150.19.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $2.45 earnings per share. Research analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a $4.00 dividend. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend was Friday, November 15th. American Financial Group’s dividend payout ratio (DPR) is 29.99%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Piper Sandler increased their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets raised their price target on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.