Wilmington Savings Fund Society FSB Decreases Stake in American Financial Group, Inc. (NYSE:AFG)

Wilmington Savings Fund Society FSB decreased its holdings in American Financial Group, Inc. (NYSE:AFG) by 5.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,401 shares of the insurance provider’s stock after selling 335 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in American Financial Group were worth $740,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. UMB Bank n.a. increased its holdings in shares of American Financial Group by 86.8% in the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 158 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in American Financial Group in the third quarter valued at about $125,000. Brooklyn Investment Group purchased a new position in American Financial Group in the third quarter valued at about $130,000. AlphaMark Advisors LLC lifted its position in shares of American Financial Group by 320.7% during the 3rd quarter. AlphaMark Advisors LLC now owns 1,077 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 821 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of American Financial Group by 31.6% during the 4th quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 254 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analysts Set New Price Targets

AFG has been the subject of several research analyst reports. Keefe, Bruyette & Woods downgraded American Financial Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $164.00 to $144.00 in a research note on Friday. BMO Capital Markets lifted their price target on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Finally, Piper Sandler boosted their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $126.50 on Tuesday. The stock has a market cap of $10.62 billion, a PE ratio of 11.97 and a beta of 0.83. The business’s fifty day moving average price is $136.44 and its two-hundred day moving average price is $134.92. American Financial Group, Inc. has a one year low of $118.97 and a one year high of $150.19. 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 (NYSE:AFG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. On average, analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s dividend payout ratio is presently 30.27%.

American Financial Group 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.