Vise Technologies Inc. bought a new position in American Financial Group, Inc. (NYSE:AFG – Free Report) during the 3rd quarter, Holdings Channel.com reports. The firm bought 9,270 shares of the insurance provider’s stock, valued at approximately $1,268,000.
Several other hedge funds also recently made changes to their positions in AFG. Americana Partners LLC purchased a new position in shares of American Financial Group in the third quarter worth $203,000. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in American Financial Group by 1.0% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 19,600 shares of the insurance provider’s stock valued at $2,680,000 after buying an additional 200 shares during the period. Parcion Private Wealth LLC purchased a new stake in American Financial Group during the 3rd quarter valued at $239,000. VestGen Advisors LLC bought a new stake in American Financial Group in the 3rd quarter worth $213,000. Finally, Park Avenue Securities LLC bought a new stake in American Financial Group in the 3rd quarter worth $207,000. 64.37% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at American Financial Group
In other news, CFO Brian Hertzman sold 950 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total value of $135,726.50. Following the completion of the sale, the chief financial officer directly owned 11,123 shares of the company’s stock, valued at approximately $1,589,143.01. This trade represents a 7.87% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 16.90% of the company’s stock.
Analyst Upgrades and Downgrades
AFG has been the topic of a number of analyst reports. Wells Fargo & Company boosted their price objective on shares of American Financial Group from $166.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods dropped their target price on shares of American Financial Group from $153.00 to $147.00 and set a “market perform” rating for the company in a report on Monday, October 12th. Piper Sandler increased their target price on shares of American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Weiss Ratings raised American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen downgraded American Financial Group from a “buy” rating to a “hold” rating in a report on Saturday. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $156.25.
Check Out Our Latest Research Report on AFG
American Financial Group Price Performance
Shares of American Financial Group stock opened at $154.57 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. The company has a market cap of $12.82 billion, a PE ratio of 12.61 and a beta of 0.55. The business has a 50 day moving average of $144.87 and a 200 day moving average of $137.00. American Financial Group, Inc. has a 52 week low of $123.09 and a 52 week high of $159.61.
American Financial Group (NYSE:AFG – Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.17. The company had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.40 billion. American Financial Group had a return on equity of 22.50% and a net margin of 11.96%. During the same quarter last year, the firm posted $2.69 earnings per share. As a group, equities research analysts forecast that American Financial Group, Inc. will post 12.29 earnings per share for the current year.
American Financial Group Announces Dividend
The business also recently disclosed a special dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a $3.50 dividend. The ex-dividend date is Monday, November 16th. American Financial Group’s dividend payout ratio is 31.65%.
About American Financial Group
American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs.
Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.
The company traces its roots to 1959, while its Great American Insurance Company subsidiary was founded in 1872.
Read More
- Five stocks we like better than American Financial Group
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG – Free Report).
Receive News & Ratings for American Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.
