Boston Trust Walden Corp Sells 37,356 Shares of American Financial Group, Inc. $AFG

Boston Trust Walden Corp cut its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 543,282 shares of the insurance provider’s stock after selling 37,356 shares during the quarter. Boston Trust Walden Corp’s holdings in American Financial Group were worth $79,167,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AFG. Charles Schwab Investment Management Inc. raised its holdings in American Financial Group by 1.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 2,565,424 shares of the insurance provider’s stock worth $323,782,000 after acquiring an additional 44,710 shares in the last quarter. Norges Bank bought a new stake in shares of American Financial Group during the 2nd quarter worth approximately $106,707,000. Goldman Sachs Group Inc. boosted its holdings in shares of American Financial Group by 8.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 707,682 shares of the insurance provider’s stock valued at $92,947,000 after buying an additional 54,204 shares during the last quarter. Johnson Investment Counsel Inc. grew its stake in shares of American Financial Group by 6.1% in the second quarter. Johnson Investment Counsel Inc. now owns 602,558 shares of the insurance provider’s stock valued at $76,049,000 after buying an additional 34,876 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings 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 worth $76,821,000 after buying an additional 413,516 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE AFG opened at $138.18 on Monday. The firm has a 50-day moving average price of $136.00 and a two-hundred day moving average price of $133.88. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.02. The company has a market capitalization of $11.52 billion, a P/E ratio of 14.51 and a beta of 0.69. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.38.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $0.34. The company had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.02 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.05%. The firm’s quarterly revenue was up 13.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.31 earnings per share. Analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th were issued a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, November 17th. American Financial Group’s dividend payout ratio is 36.97%.

Wall Street Analysts Forecast Growth

AFG has been the topic of several recent analyst reports. Jefferies Financial Group restated a “hold” rating and set a $142.00 price objective on shares of American Financial Group in a research note on Tuesday, November 11th. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Piper Sandler raised 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. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of American Financial Group in a report on Monday, December 22nd. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $135.00.

Insider Activity

In related news, CFO Brian S. Hertzman sold 1,777 shares of the firm’s stock in a transaction on Friday, November 7th. The stock was sold at an average price of $142.51, for a total value of $253,240.27. Following the transaction, the chief financial officer owned 11,300 shares in the company, valued at approximately $1,610,363. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.40% of the company’s stock.

American Financial Group Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.