QRG Capital Management Inc. Has $336,000 Stake in American Financial Group, Inc. $AFG

QRG Capital Management Inc. lowered its position in shares of American Financial Group, Inc. (NYSE:AFG) by 58.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,630 shares of the insurance provider’s stock after selling 3,707 shares during the period. QRG Capital Management Inc.’s holdings in American Financial Group were worth $336,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in AFG. Royal Bank of Canada grew its holdings in American Financial Group by 11.1% in the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after buying an additional 7,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of American Financial Group during the first quarter worth $2,330,000. Jones Financial Companies Lllp boosted its position in shares of American Financial Group by 145.8% in the first quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock valued at $168,000 after acquiring an additional 758 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of American Financial Group by 144.8% in the second quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after acquiring an additional 469 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of American Financial Group by 62.4% in the second quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock valued at $371,000 after acquiring an additional 1,130 shares during the period. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Wells Fargo & Company raised their price target on shares of American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings reissued a “buy (b-)” rating on shares of American Financial Group in a report on Thursday, June 11th. Piper Sandler increased their target price on shares of American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American Financial Group from $140.00 to $148.00 and gave the stock a “market perform” rating in a report on Wednesday. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $150.75.

American Financial Group Price Performance

Shares of NYSE:AFG traded down $1.07 during trading on Friday, reaching $141.22. 462,859 shares of the company traded hands, compared to its average volume of 555,165. The firm has a market capitalization of $11.73 billion, a PE ratio of 13.42 and a beta of 0.62. American Financial Group, Inc. has a 52 week low of $122.11 and a 52 week high of $150.02. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. The company’s 50 day moving average is $135.07 and its two-hundred day moving average is $132.27.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.81 EPS. As a group, sell-side analysts predict that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Wednesday, July 15th will be given a dividend of $0.88 per share. The ex-dividend date is Wednesday, July 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. American Financial Group’s dividend payout ratio (DPR) is currently 33.46%.

Insider Activity at American Financial Group

In other American Financial Group news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total value of $1,535,518.50. Following the sale, the insider owned 584,098 shares of the company’s stock, valued at approximately $78,882,434.90. This trade represents a 1.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Michelle A. Gillis sold 2,247 shares of American Financial Group stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $139.00, for a total value of $312,333.00. Following the completion of the transaction, the senior vice president owned 13,135 shares in the company, valued at approximately $1,825,765. The trade was a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 16.90% of the company’s stock.

About American Financial Group

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.