Asset Management One Co. Ltd. Reduces Holdings in American Financial Group, Inc. (NYSE:AFG)

Asset Management One Co. Ltd. trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 8.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,407 shares of the insurance provider’s stock after selling 4,197 shares during the quarter. Asset Management One Co. Ltd. owned 0.06% of American Financial Group worth $6,495,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 158 shares during the period. iA Global Asset Management Inc. purchased a new stake in shares of American Financial Group during the third quarter valued at $125,000. Brooklyn Investment Group purchased a new stake in shares of American Financial Group during the third quarter valued at $130,000. GAMMA Investing LLC boosted its stake in shares of American Financial Group by 31.6% during 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 period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of American Financial Group by 270.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,156 shares of the insurance provider’s stock valued at $156,000 after purchasing an additional 844 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $164.00 to $144.00 in a research note on Friday, February 7th. BMO Capital Markets boosted 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 note on Friday, November 15th. Finally, Piper Sandler upped their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

American Financial Group Stock Down 0.2 %

NYSE:AFG opened at $123.01 on Wednesday. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19. The company has a 50-day moving average of $134.28 and a 200 day moving average of $134.76. The firm has a market cap of $10.32 billion, a PE ratio of 11.64 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.60%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s payout ratio is 30.27%.

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.