Northwest & Ethical Investments L.P. Reduces Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Northwest & Ethical Investments L.P. cut its position in shares of American Financial Group, Inc. (NYSE:AFG) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,455 shares of the insurance provider’s stock after selling 4,090 shares during the period. Northwest & Ethical Investments L.P.’s holdings in American Financial Group were worth $5,041,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. FMR LLC increased its holdings in shares of American Financial Group by 3.8% during the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after buying an additional 202,522 shares during the last quarter. Bank of New York Mellon Corp increased its stake in American Financial Group by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock worth $102,921,000 after acquiring an additional 7,797 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in American Financial Group by 0.4% in the second quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock valued at $70,881,000 after purchasing an additional 2,389 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of American Financial Group by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock valued at $67,719,000 after purchasing an additional 39,623 shares during the last quarter. Finally, EULAV Asset Management lifted its stake in shares of American Financial Group by 9.4% in the 3rd quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock valued at $67,128,000 after purchasing an additional 42,902 shares during the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Trading Down 0.1 %

AFG opened at $147.93 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a one year low of $110.53 and a one year high of $150.19. The company has a market cap of $12.42 billion, a P/E ratio of 13.86 and a beta of 0.79. The business’s 50-day simple moving average is $136.64 and its 200-day simple moving average is $131.30.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.45 earnings per share. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a $4.00 dividend. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is currently 29.99%.

Analysts Set New Price Targets

Several brokerages recently issued reports on AFG. BMO Capital Markets boosted their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler boosted their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

About American Financial Group

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.