American Financial Group, Inc. (NYSE:AFG) Stock Holdings Lessened by Carnegie Investment Counsel

Carnegie Investment Counsel lowered its position in shares of American Financial Group, Inc. (NYSE:AFG) 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 (NYSE:AFG) last posted its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.38 earnings per share. As a group, equities research analysts predict that American Financial Group, Inc. will post 10.97 earnings per share for the current year.

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.

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.