3,312 Shares in American Financial Group, Inc. $AFG Purchased by Entropy Technologies LP

Entropy Technologies LP acquired a new stake in American Financial Group, Inc. (NYSE:AFG) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,312 shares of the insurance provider’s stock, valued at approximately $418,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in shares of American Financial Group by 421.1% in the 2nd quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after buying an additional 160 shares during the period. Atlantic Union Bankshares Corp acquired a new position in American Financial Group during the second quarter worth $27,000. Caitong International Asset Management Co. Ltd purchased a new position in American Financial Group in the first quarter worth $34,000. Headlands Technologies LLC acquired a new stake in American Financial Group in the first quarter valued at $55,000. Finally, IFP Advisors Inc boosted its position in shares of American Financial Group by 86.7% during the 2nd quarter. IFP Advisors Inc now owns 422 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 196 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AFG. Wall Street Zen upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $142.00 target price on shares of American Financial Group in a report on Tuesday, November 11th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research report on Wednesday, November 19th. Piper Sandler upped their price target on American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Finally, Keefe, Bruyette & Woods dropped their price objective 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 research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and a consensus target price of $135.00.

American Financial Group Stock Up 1.0%

AFG stock opened at $137.58 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50 day simple moving average is $138.93 and its 200-day simple moving average is $131.90. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. The firm has a market capitalization of $11.47 billion, a PE ratio of 15.12 and a beta of 0.78.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.34. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The firm had revenue of $2.33 billion during the quarter, compared to the consensus estimate of $2.02 billion. During the same period in the previous year, the firm posted $2.31 EPS. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 17th will be given a $2.00 dividend. The ex-dividend date is Monday, November 17th. American Financial Group’s dividend payout ratio is currently 36.97%.

Insider Activity at American Financial Group

In related news, CFO Brian S. Hertzman sold 1,777 shares of American Financial Group 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.40% of the stock is currently owned by insiders.

American Financial Group Company 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.