Slagle Financial LLC Raises Position in American Financial Group, Inc. $AFG

Slagle Financial LLC lifted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 4.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,166 shares of the insurance provider’s stock after acquiring an additional 658 shares during the quarter. Slagle Financial LLC’s holdings in American Financial Group were worth $1,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of AFG. American Financial Group Inc. 401 K Retirement & Savings Plan raised its position in American Financial Group by 0.9% in the 1st quarter. American Financial Group Inc. 401 K Retirement & Savings Plan now owns 2,616,928 shares of the insurance provider’s stock valued at $343,707,000 after purchasing an additional 23,228 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of American Financial Group by 395.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider’s stock worth $331,071,000 after purchasing an additional 2,012,027 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of American Financial Group by 1.5% during the first quarter. Dimensional Fund Advisors LP now owns 983,398 shares of the insurance provider’s stock worth $129,147,000 after purchasing an additional 14,265 shares in the last quarter. Northern Trust Corp increased its holdings in American Financial Group by 2.4% in the first quarter. Northern Trust Corp now owns 820,955 shares of the insurance provider’s stock valued at $107,824,000 after buying an additional 18,886 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in American Financial Group by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 707,682 shares of the insurance provider’s stock valued at $92,947,000 after buying an additional 54,204 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Down 0.6%

Shares of NYSE:AFG opened at $142.29 on Monday. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The stock has a market cap of $11.87 billion, a P/E ratio of 15.64 and a beta of 0.78. The firm has a fifty day moving average price of $139.09 and a 200 day moving average price of $131.33.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $0.34. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The company had revenue of $2.33 billion for the quarter, compared to analyst estimates of $2.02 billion. During the same period in the previous year, the business posted $2.31 earnings per share. American Financial Group’s quarterly revenue was up 13.4% on a year-over-year basis. Sell-side analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, November 17th. American Financial Group’s payout ratio is currently 36.97%.

Insider Buying and Selling at American Financial Group

In other news, CFO Brian S. Hertzman sold 1,777 shares of American Financial Group stock in a transaction dated 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 owned 11,300 shares of the company’s stock, valued at $1,610,363. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the transaction, the director directly owned 326,730 shares of the company’s stock, valued at $43,883,106.30. This represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 17.40% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AFG. Keefe, Bruyette & Woods decreased their price target on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a report on Thursday. Piper Sandler increased 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 note on Thursday, November 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 target price on shares of American Financial Group in a research report on Tuesday, November 11th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and a consensus price target of $135.00.

American Financial Group Company 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.