Schroder Investment Management Group Sells 31,028 Shares of American Financial Group, Inc. $AFG

Schroder Investment Management Group reduced its holdings in American Financial Group, Inc. (NYSE:AFG) by 61.2% during the 2nd quarter, Holdings Channel reports. The fund owned 19,657 shares of the insurance provider’s stock after selling 31,028 shares during the quarter. Schroder Investment Management Group’s holdings in American Financial Group were worth $2,481,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of AFG. Hantz Financial Services Inc. increased its holdings in American Financial Group by 421.1% during the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after purchasing an additional 160 shares in the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of American Financial Group during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of American Financial Group in the first quarter valued at $34,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the first quarter valued at $55,000. Finally, IFP Advisors Inc raised its holdings in shares of American Financial Group by 86.7% in the second quarter. IFP Advisors Inc now owns 422 shares of the insurance provider’s stock valued at $57,000 after buying an additional 196 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Piper Sandler increased their price objective 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. Wall Street Zen raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Jefferies Financial Group reissued a “hold” rating and issued a $142.00 price target on shares of American Financial Group in a report on Tuesday, November 11th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of American Financial Group in a report on Monday, December 1st. Finally, Keefe, Bruyette & Woods lowered their target price on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $135.00.

American Financial Group Trading Down 0.7%

Shares of NYSE AFG opened at $132.46 on Friday. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.02. The firm has a market capitalization of $11.05 billion, a P/E ratio of 13.91 and a beta of 0.69. 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 company’s 50 day simple moving average is $137.69 and its 200 day simple moving average is $132.41.

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

American Financial Group Announces Dividend

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

Insider Transactions at American Financial Group

In other American Financial Group news, CFO Brian S. Hertzman sold 1,777 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $142.51, for a total transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.40% of the company’s stock.

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.