Heritage Wealth Management Inc. Trims Holdings in American Financial Group, Inc. (NYSE:AFG)

Heritage Wealth Management Inc. lowered its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 10.2% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,306 shares of the insurance provider’s stock after selling 261 shares during the period. Heritage Wealth Management Inc.’s holdings in American Financial Group were worth $310,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Innealta Capital LLC purchased a new position in shares of American Financial Group during the second quarter worth $30,000. Headlands Technologies LLC purchased a new position in American Financial Group during the 2nd quarter valued at about $38,000. Covestor Ltd grew its position in American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. increased its stake in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its position in shares of American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 523 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their target price on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 8th.

American Financial Group Stock Down 0.2 %

NYSE AFG traded down $0.33 on Friday, hitting $133.91. 2,483 shares of the stock were exchanged, compared to its average volume of 300,334. American Financial Group, Inc. has a fifty-two week low of $107.11 and a fifty-two week high of $138.81. The company has a 50-day moving average price of $133.99 and a 200-day moving average price of $129.81. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market cap of $11.24 billion, a PE ratio of 12.58 and a beta of 0.79.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same quarter in the previous year, the firm earned $2.45 EPS. American Financial Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. Sell-side analysts anticipate that American Financial Group, Inc. will post 10.98 EPS for the current fiscal year.

American Financial Group Increases Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $4.00 dividend. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 29.99%.

American Financial Group Company 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.