LSV Asset Management Trims Stake in American Financial Group, Inc. $AFG

LSV Asset Management cut its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 538,086 shares of the insurance provider's stock after selling 58,900 shares during the quarter. LSV Asset Management owned approximately 0.64% of American Financial Group worth $67,912,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its holdings in shares of American Financial Group by 395.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider's stock valued at $331,071,000 after purchasing an additional 2,012,027 shares in the last quarter. AQR Capital Management LLC grew its position in American Financial Group by 240.0% during the first quarter. AQR Capital Management LLC now owns 585,841 shares of the insurance provider's stock valued at $76,821,000 after buying an additional 413,516 shares during the period. Nuveen LLC purchased a new position in American Financial Group in the first quarter valued at $30,442,000. Millennium Management LLC raised its position in shares of American Financial Group by 166.7% in the first quarter. Millennium Management LLC now owns 280,012 shares of the insurance provider's stock worth $36,777,000 after acquiring an additional 175,015 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of American Financial Group by 112.5% during the 1st quarter. Ameriprise Financial Inc. now owns 327,621 shares of the insurance provider's stock worth $43,030,000 after acquiring an additional 173,452 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Stock Down 2.5%

NYSE AFG opened at $138.91 on Tuesday. The business has a fifty day moving average price of $139.11 and a 200 day moving average price of $131.42. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market cap of $11.59 billion, a P/E ratio of 15.26 and a beta of 0.78. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last issued its earnings results on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share for the quarter, topping the consensus estimate of $2.35 by $0.34. The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.02 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business's revenue for the quarter was up 13.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.31 EPS. Research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, November 17th. American Financial Group's payout ratio is 36.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on AFG. Jefferies Financial Group restated a "hold" rating and issued a $142.00 price target on shares of American Financial Group in a research note on Tuesday, November 11th. Piper Sandler boosted their price objective on American Financial Group from $130.00 to $139.00 and gave the company a "neutral" rating in a research report on Thursday, November 6th. Wall Street Zen raised American Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, September 13th. Weiss Ratings reissued a "buy (b-)" rating on shares of American Financial Group in a research note on Thursday. Finally, Keefe, Bruyette & Woods cut their price target on shares of American Financial Group from $127.00 to $124.00 and set a "market perform" rating for the company in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $135.00.

Get Our Latest Stock Analysis on American Financial Group

Insider Buying and Selling at American Financial Group

In related news, CFO Brian S. Hertzman sold 1,777 shares of the company's stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $142.51, for a total value of $253,240.27. Following the completion of the sale, the chief financial officer owned 11,300 shares of the company's stock, valued at approximately $1,610,363. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the firm's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the sale, the director owned 326,730 shares of the company's stock, valued at approximately $43,883,106.30. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 17.40% of the stock is owned by corporate insiders.

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.

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