ABN Amro Investment Solutions Decreases Position in American Financial Group, Inc. $AFG

ABN Amro Investment Solutions trimmed its holdings in American Financial Group, Inc. (NYSE:AFG) by 31.7% in the third quarter, HoldingsChannel.com reports. The firm owned 25,480 shares of the insurance provider’s stock after selling 11,830 shares during the quarter. ABN Amro Investment Solutions’ holdings in American Financial Group were worth $3,713,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AFG. Aberdeen Group plc boosted its holdings in shares of American Financial Group by 145.8% in the 3rd quarter. Aberdeen Group plc now owns 10,773 shares of the insurance provider’s stock valued at $1,565,000 after buying an additional 6,391 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in American Financial Group in the third quarter valued at $277,000. Illinois Municipal Retirement Fund boosted its stake in American Financial Group by 34.5% in the third quarter. Illinois Municipal Retirement Fund now owns 29,836 shares of the insurance provider’s stock valued at $4,348,000 after acquiring an additional 7,661 shares in the last quarter. Applied Finance Capital Management LLC purchased a new position in shares of American Financial Group during the third quarter worth about $254,000. Finally, Profund Advisors LLC acquired a new stake in shares of American Financial Group during the third quarter worth about $230,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

AFG has been the subject of several research reports. Wells Fargo & Company reduced their target price on American Financial Group from $165.00 to $160.00 and set an “overweight” rating for the company in a report on Thursday, February 5th. Piper Sandler boosted their price objective on American Financial Group from $130.00 to $139.00 and gave the company a “neutral” rating in a research note on Thursday, November 6th. Weiss Ratings lowered shares of American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 target price on shares of American Financial Group in a report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $141.25.

American Financial Group Price Performance

American Financial Group stock opened at $128.85 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.55 and a quick ratio of 0.55. The business has a 50 day simple moving average of $132.84 and a 200-day simple moving average of $135.26. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.02. The stock has a market capitalization of $10.75 billion, a PE ratio of 12.80 and a beta of 0.71.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.18 by $0.47. The company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations 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 was down 4.0% compared to the same quarter last year. During the same period in the previous year, the company posted $3.12 EPS. Equities analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

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

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.