Resonant Capital Advisors LLC Trims Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Resonant Capital Advisors LLC decreased its position in American Financial Group, Inc. (NYSE:AFG) by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,971 shares of the insurance provider’s stock after selling 352 shares during the period. Resonant Capital Advisors LLC’s holdings in American Financial Group were worth $591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AFG. Raymond James & Associates raised its stake in shares of American Financial Group by 2.7% during the 1st quarter. Raymond James & Associates now owns 10,823 shares of the insurance provider’s stock valued at $1,576,000 after buying an additional 284 shares during the last quarter. American Century Companies Inc. raised its stake in shares of American Financial Group by 26.6% during the 1st quarter. American Century Companies Inc. now owns 14,648 shares of the insurance provider’s stock valued at $2,133,000 after buying an additional 3,076 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of American Financial Group by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,474 shares of the insurance provider’s stock valued at $798,000 after buying an additional 212 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of American Financial Group by 5.5% during the 1st quarter. Great West Life Assurance Co. Can now owns 50,464 shares of the insurance provider’s stock valued at $7,610,000 after buying an additional 2,635 shares during the last quarter. Finally, Cibc World Market Inc. raised its stake in shares of American Financial Group by 23.8% during the 1st quarter. Cibc World Market Inc. now owns 5,617 shares of the insurance provider’s stock valued at $818,000 after buying an additional 1,081 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

AFG has been the topic of a number of analyst reports. Piper Sandler restated a “neutral” rating and set a $129.00 target price on shares of American Financial Group in a research report on Monday, April 1st. Citigroup raised their target price on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $133.50.

American Financial Group Trading Up 2.0 %

AFG stock opened at $127.95 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.71. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 12.73 and a beta of 0.79. The business’s 50-day moving average is $129.06 and its 200 day moving average is $119.87.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The company had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm posted $2.99 EPS. American Financial Group’s revenue was up 6.7% compared to the same quarter last year. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.99 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be issued a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, April 12th. American Financial Group’s payout ratio is 28.26%.

Insider Buying and Selling

In other news, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now directly owns 45,372 shares in the company, valued at approximately $5,490,012. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other American Financial Group news, Director Lehman John I. Von sold 1,773 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $125.48, for a total value of $222,476.04. Following the sale, the director now owns 12,343 shares of the company’s stock, valued at $1,548,799.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the sale, the senior vice president now directly owns 45,372 shares in the company, valued at approximately $5,490,012. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,843 shares of company stock worth $1,854,746. Insiders own 14.50% of the company’s stock.

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.