Wilmington Savings Fund Society FSB Sells 164 Shares of American Financial Group, Inc. (NYSE:AFG)

Wilmington Savings Fund Society FSB cut its holdings in American Financial Group, Inc. (NYSE:AFG) by 2.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 5,736 shares of the insurance provider’s stock after selling 164 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American Financial Group were worth $772,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares during the last quarter. State Street Corp increased its holdings in American Financial Group by 4.0% in the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after buying an additional 104,172 shares in the last quarter. Geode Capital Management LLC raised its position in American Financial Group by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock worth $208,699,000 after buying an additional 143,820 shares during the last quarter. Bank of New York Mellon Corp raised its position in American Financial Group by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock worth $102,921,000 after buying an additional 7,797 shares during the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in American Financial Group by 0.4% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock valued at $70,881,000 after acquiring an additional 2,389 shares during the period. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on AFG shares. BMO Capital Markets lifted their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Piper Sandler lifted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Trading Up 0.6 %

Shares of NYSE:AFG opened at $139.91 on Monday. The stock’s 50-day simple moving average is $138.05 and its two-hundred day simple moving average is $132.22. The stock has a market capitalization of $11.74 billion, a price-to-earnings ratio of 13.11 and a beta of 0.82. American Financial Group, Inc. has a 52-week low of $115.64 and a 52-week high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business posted $2.45 EPS. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. Analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders 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 is 29.99%.

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.