Quadrature Capital Ltd Has $1.23 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Quadrature Capital Ltd lowered its holdings in American Financial Group, Inc. (NYSE:AFG) by 48.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,052 shares of the insurance provider’s stock after selling 8,532 shares during the quarter. Quadrature Capital Ltd’s holdings in American Financial Group were worth $1,234,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Arlington Trust Co LLC bought a new stake in American Financial Group during the 4th quarter worth approximately $42,000. Covestor Ltd raised 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 buying an additional 346 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of American Financial Group in the 4th quarter worth $53,000. Allspring Global Investments Holdings LLC lifted its position in shares of American Financial Group by 7,616.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after purchasing an additional 914 shares in the last quarter. Finally, UniSuper Management Pty Ltd boosted its holdings in American Financial Group by 100.0% during the first quarter. UniSuper Management Pty Ltd now owns 1,000 shares of the insurance provider’s stock worth $136,000 after purchasing an additional 500 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Trading Up 2.6 %

NYSE:AFG traded up $3.30 during trading hours on Friday, reaching $128.00. The company’s stock had a trading volume of 217,488 shares, compared to its average volume of 322,333. The firm has a 50-day simple moving average of $126.21 and a 200-day simple moving average of $126.65. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.46 and a current ratio of 0.46. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $137.71. The firm has a market capitalization of $10.74 billion, a price-to-earnings ratio of 12.25 and a beta of 0.78.

American Financial Group (NYSE:AFG) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.70 by $0.06. The firm had revenue of $1.91 billion for the quarter, compared to analysts’ expectations of $1.89 billion. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. During the same period in the previous year, the firm earned $2.89 earnings per share. Research analysts expect that American Financial Group, Inc. will post 10.93 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were issued a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $2.84 annualized dividend and a dividend yield of 2.22%. American Financial Group’s payout ratio is presently 27.18%.

Insiders Place Their Bets

In other American Financial Group news, Director Amy Y. Murray bought 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the acquisition, the director now owns 1,200 shares in the company, valued at $150,204. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AFG shares. Piper Sandler raised their target price on American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Citigroup cut shares of 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 investment 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, American Financial Group has a consensus rating of “Hold” and a consensus price target of $131.75.

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.