Carnegie Investment Counsel lowered its position in shares of American Financial Group, Inc. (NYSE:AFG – Free Report) by 2.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 3,451 shares of the insurance provider’s stock after selling 100 shares during the period. Carnegie Investment Counsel’s holdings in American Financial Group were worth $425,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of American Financial Group in the 4th quarter worth approximately $53,000. Covestor Ltd grew its position in American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after buying an additional 346 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 523 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of American Financial Group by 7,616.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock worth $110,000 after acquiring an additional 914 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.
American Financial Group Stock Performance
Shares of American Financial Group stock traded up $0.83 during trading on Wednesday, reaching $128.96. The company’s stock had a trading volume of 19,878 shares, compared to its average volume of 299,409. The business’s fifty day moving average price is $125.82 and its 200-day moving average price is $127.68. The firm has a market cap of $10.82 billion, a price-to-earnings ratio of 12.26 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. American Financial Group, Inc. has a one year low of $105.22 and a one year high of $137.71.
American Financial Group Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were paid a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio is 27.18%.
Insider Buying and Selling at American Financial Group
In other news, Director Amy Y. Murray purchased 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at $150,204. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 14.50% of the company’s stock.
Analyst Ratings Changes
Several analysts have issued reports on the company. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $144.00 to $137.00 in a report on Friday, June 28th. Piper Sandler increased their price objective on American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $131.75.
Check Out Our Latest Stock Report on AFG
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.
Read More
- Five stocks we like better than American Financial Group
- What is a Death Cross in Stocks?
- Target Hits the Mark: Q2 Earnings Exceed Expectations
- Business Services Stocks Investing
- Is Tesla’s Rebound Just Starting? Why You Should Consider Buying
- What is a buyback in stocks? A comprehensive guide for investors
- Stanley Druckenmiller’s Latest Bet: MELI—Should You Follow Suit?
Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG – Free Report).
Receive News & Ratings for American Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.