Principal Financial Group Inc. Has $23.06 Million Position in American Financial Group, Inc. $AFG

Principal Financial Group Inc. lessened its holdings in American Financial Group, Inc. (NYSE:AFG) by 5.4% in the third quarter, Holdings Channel reports. The institutional investor owned 158,226 shares of the insurance provider’s stock after selling 8,963 shares during the period. Principal Financial Group Inc.’s holdings in American Financial Group were worth $23,057,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Hantz Financial Services Inc. increased its position in American Financial Group by 421.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 160 shares during the period. Atlantic Union Bankshares Corp bought a new stake in shares of American Financial Group in the second quarter worth $27,000. Alpine Bank Wealth Management acquired a new stake in American Financial Group in the third quarter valued at $30,000. Root Financial Partners LLC acquired a new stake in American Financial Group in the third quarter valued at $34,000. Finally, Quent Capital LLC bought a new position in American Financial Group during the 3rd quarter worth $46,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Price Performance

Shares of AFG opened at $131.22 on Friday. The firm has a market cap of $10.94 billion, a PE ratio of 13.03 and a beta of 0.71. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.02. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.55 and a current ratio of 0.55. The business’s 50 day moving average price is $133.24 and its two-hundred day moving average price is $135.08.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, February 3rd. The insurance provider reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.18 by $0.47. The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.79 billion. American Financial Group had a net margin of 10.30% and a return on equity of 18.92%. American Financial Group’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.12 EPS. American Financial Group has set its FY 2026 guidance at 11.000-11.000 EPS. On average, equities analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, February 16th will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, February 13th. American Financial Group’s dividend payout ratio is 34.96%.

Analyst Upgrades and Downgrades

AFG has been the topic of a number of analyst reports. Weiss Ratings lowered American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 price objective on shares of American Financial Group in a research note on Tuesday, November 11th. Wells Fargo & Company decreased their target price on shares of American Financial Group from $165.00 to $160.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Piper Sandler raised their price target on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $141.25.

American Financial Group Company 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.