Handelsinvest Investeringsforvaltning Has $260,000 Stake in American Financial Group, Inc. (NYSE:AFG)

Handelsinvest Investeringsforvaltning trimmed its stake in American Financial Group, Inc. (NYSE:AFG) by 34.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,906 shares of the insurance provider’s stock after selling 989 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in American Financial Group were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. VisionPoint Advisory Group LLC increased its holdings in American Financial Group by 132.5% in the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 155 shares during the period. Commerce Bank grew its holdings in American Financial Group by 2.1% during the 4th quarter. Commerce Bank now owns 9,021 shares of the insurance provider’s stock worth $1,073,000 after acquiring an additional 185 shares during the period. Metis Global Partners LLC grew its holdings in American Financial Group by 5.3% during the 4th quarter. Metis Global Partners LLC now owns 4,586 shares of the insurance provider’s stock worth $545,000 after acquiring an additional 230 shares during the period. Cerity Partners LLC grew its holdings in American Financial Group by 9.9% during the 4th quarter. Cerity Partners LLC now owns 3,136 shares of the insurance provider’s stock worth $373,000 after acquiring an additional 283 shares during the period. Finally, Daiwa Securities Group Inc. grew its holdings in American Financial Group by 7.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 4,574 shares of the insurance provider’s stock worth $544,000 after acquiring an additional 300 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at American Financial Group

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the transaction, the director now owns 1,200 shares in the company, valued at $150,204. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 14.50% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on AFG shares. Piper Sandler increased their price target on American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $144.00 to $137.00 in a report on Friday, June 28th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and an average price target of $131.75.

American Financial Group Stock Down 0.4 %

Shares of AFG stock traded down $0.49 on Wednesday, reaching $122.51. 23,241 shares of the company were exchanged, compared to its average volume of 303,745. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 11.77 and a beta of 0.79. The company has a 50-day moving average of $128.00 and a 200-day moving average of $125.99. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a one year low of $105.22 and a one year high of $137.71.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.70 by $0.06. The company had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. During the same quarter in the prior year, the firm earned $2.89 EPS. Analysts anticipate that American Financial Group, Inc. will post 10.94 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Monday, July 15th will be given a $0.71 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $2.84 annualized dividend and a yield of 2.32%. American Financial Group’s payout ratio is 27.18%.

About American Financial Group

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.