Swiss National Bank cut its stake in shares of American Financial Group, Inc. (NYSE:AFG – Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 286,500 shares of the insurance provider’s stock after selling 7,700 shares during the period. Swiss National Bank owned about 0.34% of American Financial Group worth $34,810,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AFG. Machina Capital S.A.S. bought a new position in American Financial Group in the 1st quarter worth $26,000. Raleigh Capital Management Inc. raised its holdings in American Financial Group by 219.0% in the 4th quarter. Raleigh Capital Management Inc. now owns 201 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 138 shares during the period. Dark Forest Capital Management LP bought a new position in American Financial Group in the 4th quarter worth $29,000. Money Concepts Capital Corp bought a new stake in American Financial Group during the 4th quarter worth approximately $35,000. Finally, Parallel Advisors LLC raised its stake in American Financial Group by 372.1% during the 1st quarter. Parallel Advisors LLC now owns 321 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 253 shares during the period. Hedge funds and other institutional investors own 63.42% of the company’s stock.
Analyst Ratings Changes
A number of research firms have commented on AFG. StockNews.com initiated coverage on shares of American Financial Group in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Piper Sandler reduced their price objective on shares of American Financial Group from $162.00 to $150.00 in a research report on Thursday, July 6th.
View Our Latest Analysis on AFG
Insiders Place Their Bets
In other American Financial Group news, Director Terry S. Jacobs sold 761 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $115.84, for a total transaction of $88,154.24. Following the transaction, the director now owns 7,500 shares in the company, valued at $868,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other American Financial Group news, Director Terry S. Jacobs sold 761 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $115.84, for a total transaction of $88,154.24. Following the transaction, the director now owns 7,500 shares in the company, valued at $868,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lehman John I. Von sold 1,479 shares of the stock in a transaction that occurred on Thursday, June 8th. The stock was sold at an average price of $117.39, for a total value of $173,619.81. Following the completion of the sale, the director now owns 14,116 shares in the company, valued at $1,657,077.24. The disclosure for this sale can be found here. 14.60% of the stock is currently owned by insiders.
American Financial Group Trading Up 0.2 %
Shares of AFG stock opened at $114.36 on Tuesday. American Financial Group, Inc. has a 12-month low of $109.99 and a 12-month high of $150.98. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $116.92 and its 200-day moving average price is $120.50. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of 11.44 and a beta of 0.82.
American Financial Group (NYSE:AFG – Get Free Report) last announced its quarterly earnings results on Thursday, August 3rd. The insurance provider reported $2.38 earnings per share for the quarter, missing the consensus estimate of $2.85 by ($0.47). American Financial Group had a return on equity of 22.51% and a net margin of 11.38%. The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the prior year, the firm posted $2.85 EPS. Equities research analysts predict that American Financial Group, Inc. will post 10.66 EPS for the current fiscal year.
American Financial Group Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were paid a dividend of $0.63 per share. The ex-dividend date was Thursday, July 13th. This represents a $2.52 annualized dividend and a yield of 2.20%. American Financial Group’s payout ratio is currently 25.20%.
About American Financial Group
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.
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