American Financial Group, Inc. (NYSE:AFG) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP trimmed its holdings in American Financial Group, Inc. (NYSE:AFG) by 35.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,273 shares of the insurance provider’s stock after selling 2,331 shares during the period. Qsemble Capital Management LP’s holdings in American Financial Group were worth $583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in shares of American Financial Group by 1.0% in the third quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock worth $925,563,000 after acquiring an additional 81,293 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in American Financial Group by 5.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock valued at $456,359,000 after purchasing an additional 191,269 shares in the last quarter. Wellington Management Group LLP lifted its holdings in American Financial Group by 7.2% in the 3rd quarter. Wellington Management Group LLP now owns 838,468 shares of the insurance provider’s stock valued at $93,632,000 after purchasing an additional 56,267 shares in the last quarter. Norges Bank acquired a new stake in shares of American Financial Group during the 4th quarter worth about $97,304,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of American Financial Group by 3.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock worth $77,145,000 after buying an additional 18,945 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on AFG shares. Piper Sandler lifted their target price on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $144.00 to $137.00 in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, American Financial Group presently has an average rating of “Hold” and a consensus price target of $131.75.

American Financial Group Trading Up 2.4 %

AFG stock traded up $3.04 on Wednesday, hitting $131.86. 91,769 shares of the company were exchanged, compared to its average volume of 305,076. American Financial Group, Inc. has a twelve month low of $105.22 and a twelve month high of $137.71. The business’s fifty day moving average is $126.97 and its two-hundred day moving average is $126.28. The stock has a market capitalization of $11.06 billion, a price-to-earnings ratio of 12.51 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46.

American Financial Group (NYSE:AFG) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.06. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company posted $2.89 EPS. As a group, research analysts forecast that American Financial Group, Inc. will post 10.93 earnings per share for the current year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 15th will be given a dividend of $0.71 per share. The ex-dividend date is Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a yield of 2.15%. American Financial Group’s dividend payout ratio (DPR) is 27.18%.

Insiders Place Their Bets

In other American Financial Group news, Director Amy Y. Murray bought 1,200 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the purchase, the director now owns 1,200 shares in the company, valued at approximately $150,204. The purchase was disclosed in a document filed with the SEC, which is available through this link. 14.50% of the stock is owned by insiders.

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.