Financial Enhancement Group LLC Cuts Holdings in American Financial Group, Inc. (NYSE:AFG)

Financial Enhancement Group LLC cut its holdings in American Financial Group, Inc. (NYSE:AFG) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,663 shares of the insurance provider’s stock after selling 579 shares during the quarter. Financial Enhancement Group LLC’s holdings in American Financial Group were worth $1,663,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AFG. FMR LLC increased its holdings in American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after buying an additional 202,522 shares in the last quarter. JPMorgan Chase & Co. increased its stake in American Financial Group by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock valued at $44,832,000 after purchasing an additional 146,237 shares in the last quarter. Geode Capital Management LLC raised its holdings in American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock worth $208,699,000 after purchasing an additional 143,820 shares during the last quarter. Bank of Montreal Can boosted its position in American Financial Group by 251.1% during the second quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock worth $19,442,000 after purchasing an additional 105,764 shares in the last quarter. Finally, State Street Corp grew its holdings in American Financial Group by 4.0% in the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after purchasing an additional 104,172 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on AFG. Keefe, Bruyette & Woods cut their price target on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 10th. BMO Capital Markets lifted their target price on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Finally, Piper Sandler increased their price target on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Stock Up 1.7 %

Shares of NYSE AFG opened at $136.24 on Thursday. The firm has a market cap of $11.43 billion, a P/E ratio of 12.77 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19. The firm’s 50 day moving average price is $139.26 and its 200 day moving average price is $133.63.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. American Financial Group’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.45 EPS. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 10.74 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s dividend payout ratio is currently 29.99%.

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.