National Bank of Canada FI Cuts Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

National Bank of Canada FI trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 18.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,680 shares of the insurance provider’s stock after selling 385 shares during the quarter. National Bank of Canada FI’s holdings in American Financial Group were worth $226,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in AFG. Innealta Capital LLC acquired a new stake in shares of American Financial Group in the second quarter valued at about $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the second quarter valued at approximately $38,000. Blue Trust Inc. lifted its position in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after buying an additional 133 shares in the last quarter. nVerses Capital LLC boosted its stake in American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after buying an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in American Financial Group in the 2nd quarter valued at $85,000. 64.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

American Financial Group Stock Performance

NYSE AFG opened at $139.79 on Tuesday. The company has a market cap of $11.73 billion, a P/E ratio of 13.10 and a beta of 0.82. American Financial Group, Inc. has a 1-year low of $115.64 and a 1-year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a 50-day moving average of $138.05 and a two-hundred day moving average of $132.22.

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

American Financial Group Increases Dividend

The company also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $4.00 dividend. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend was Friday, November 15th. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

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.