Great Valley Advisor Group Inc. Sells 215 Shares of American Financial Group, Inc. (NYSE:AFG)

Posted by Defense World Staff on Apr 20th, 2023

Great Valley Advisor Group Inc. lessened its position in shares of American Financial Group, Inc. (NYSE:AFG – Get Rating) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,797 shares of the insurance provider’s stock after selling 215 shares during the period. Great Valley Advisor Group Inc.’s holdings in American Financial Group were worth $246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alaska Permanent Fund Corp bought a new stake in shares of American Financial Group during the 3rd quarter worth approximately $45,000. Ronald Blue Trust Inc. lifted its holdings in shares of American Financial Group by 166.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 331 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 207 shares during the period. FNY Investment Advisers LLC bought a new stake in shares of American Financial Group during the 3rd quarter worth approximately $49,000. Hexagon Capital Partners LLC bought a new position in American Financial Group in the 3rd quarter valued at approximately $51,000. Finally, AdvisorNet Financial Inc lifted its stake in American Financial Group by 22.2% in the 4th quarter. AdvisorNet Financial Inc now owns 672 shares of the insurance provider’s stock valued at $92,000 after purchasing an additional 122 shares during the last quarter. Institutional investors own 64.04% of the company’s stock.

Insider Transactions at American Financial Group

In other news, insider John B. Berding sold 5,417 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $136.62, for a total transaction of $740,070.54. Following the completion of the sale, the insider now directly owns 36,083 shares in the company, valued at $4,929,659.46. The transaction was disclosed in a filing with the SEC, which is available at this link. 14.60% of the stock is currently owned by corporate insiders.

American Financial Group Price Performance

AFG stock opened at $123.91 on Thursday. The company has a fifty day moving average price of $125.49 and a 200-day moving average price of $133.47. The company has a market capitalization of $10.55 billion, a P/E ratio of 11.77 and a beta of 0.82. American Financial Group, Inc. has a 52-week low of $113.85 and a 52-week high of $152.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.44 and a current ratio of 0.44.

American Financial Group (NYSE:AFG – Get Rating) last released its quarterly earnings results on Thursday, February 2nd. The insurance provider reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.95 by $0.04. The firm had revenue of $1.62 billion during the quarter, compared to the consensus estimate of $1.55 billion. American Financial Group had a net margin of 12.76% and a return on equity of 23.52%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.12 earnings per share. As a group, equities analysts expect that American Financial Group, Inc. will post 11.7 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Stockholders of record on Friday, April 14th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, April 13th. American Financial Group’s payout ratio is currently 23.93%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. BMO Capital Markets assumed coverage on shares of American Financial Group in a research note on Thursday, January 19th. They issued a “market perform” rating and a $155.00 price objective for the company. Piper Sandler increased their price objective on shares of American Financial Group from $166.00 to $170.00 and gave the company an “overweight” rating in a research note on Tuesday, April 4th. Finally, StockNews.com assumed coverage on shares of American Financial Group in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $163.25.

About American Financial Group

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American Financial Group, Inc is an insurance holding company, which engages in property and casualty insurance, focusing on commercial products for businesses, and in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets. Its Property and Casualty Insurance Products include Property and Transportation, Specialty Casualty, and Specialty Financial.