Amalgamated Bank Reduces Position in American Financial Group, Inc. (NYSE:AFG)

Amalgamated Bank lessened its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 18.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,382 shares of the insurance provider's stock after selling 7,735 shares during the period. Amalgamated Bank's holdings in American Financial Group were worth $4,628,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in American Financial Group during the second quarter worth $30,000. Headlands Technologies LLC acquired a new position in American Financial Group during the second quarter worth $38,000. Covestor Ltd raised its holdings in American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock worth $59,000 after buying an additional 346 shares during the last quarter. Blue Trust Inc. raised its holdings 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 during the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider's stock worth $72,000 after buying an additional 523 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their target price on shares of American Financial Group from $132.00 to $135.00 and gave the stock a "market perform" rating in a research note on Tuesday, October 8th.

American Financial Group Stock Up 3.4 %

Shares of NYSE AFG traded up $4.53 during trading on Friday, hitting $138.77. The stock had a trading volume of 393,793 shares, compared to its average volume of 302,137. American Financial Group, Inc. has a 12 month low of $107.11 and a 12 month high of $138.82. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market capitalization of $11.64 billion, a PE ratio of 13.01 and a beta of 0.79. The firm has a fifty day moving average of $134.09 and a two-hundred day moving average of $129.88.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 20.45% and a net margin of 10.84%. The business's revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.45 EPS. As a group, equities research analysts forecast that American Financial Group, Inc. will post 10.98 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from American Financial Group's previous None dividend of $1.00. American Financial Group's dividend payout ratio 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.