American Financial Group, Inc. (NYSE:AFG) Shares Sold by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lowered its position in shares of American Financial Group, Inc. (NYSE:AFG) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,401 shares of the insurance provider’s stock after selling 335 shares during the period. Wilmington Savings Fund Society FSB’s holdings in American Financial Group were worth $740,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. UMB Bank n.a. lifted its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after buying an additional 158 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in American Financial Group in the third quarter valued at approximately $125,000. Brooklyn Investment Group purchased a new position in American Financial Group in the third quarter valued at approximately $130,000. GAMMA Investing LLC increased its stake in American Financial Group by 31.6% in the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock valued at $145,000 after purchasing an additional 254 shares during the last quarter. Finally, AlphaMark Advisors LLC raised its holdings in American Financial Group by 320.7% during the third quarter. AlphaMark Advisors LLC now owns 1,077 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 821 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Down 0.1 %

Shares of NYSE:AFG opened at $126.50 on Tuesday. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market cap of $10.62 billion, a P/E ratio of 11.97 and a beta of 0.83. The firm has a fifty day moving average price of $136.44 and a 200 day moving average price of $134.92.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Sell-side analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s payout ratio is currently 30.27%.

Wall Street Analyst Weigh In

A number of research firms recently commented on AFG. BMO Capital Markets increased their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods lowered American Financial Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $164.00 to $144.00 in a report on Friday. Finally, Piper Sandler boosted their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

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.