SG Americas Securities LLC Trims Holdings in American Financial Group, Inc. (NYSE:AFG)

SG Americas Securities LLC reduced its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,995 shares of the insurance provider's stock after selling 4,093 shares during the quarter. SG Americas Securities LLC's holdings in American Financial Group were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AFG. Truist Financial Corp increased its position in American Financial Group by 14.7% during the 2nd quarter. Truist Financial Corp now owns 12,150 shares of the insurance provider's stock valued at $1,495,000 after purchasing an additional 1,560 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of American Financial Group in the 2nd quarter worth about $620,000. CWM LLC grew its position in shares of American Financial Group by 952.1% in the 3rd quarter. CWM LLC now owns 1,252 shares of the insurance provider's stock worth $169,000 after buying an additional 1,133 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of American Financial Group in the 3rd quarter worth about $111,000. Finally, Exchange Traded Concepts LLC grew its position in shares of American Financial Group by 9,300.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 5,452 shares of the insurance provider's stock worth $734,000 after buying an additional 5,394 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

AFG traded down $2.23 during midday trading on Friday, hitting $126.42. 660,842 shares of the company traded hands, compared to its average volume of 364,639. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $10.61 billion, a PE ratio of 11.96 and a beta of 0.83. The company's 50-day moving average is $136.44 and its 200 day moving average is $134.78. American Financial Group, Inc. has a 52 week low of $117.56 and a 52 week high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Tuesday, January 14th. American Financial Group's dividend payout ratio (DPR) is presently 30.27%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AFG. BMO Capital Markets upped their target price on shares of American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a research report on Friday, November 15th. Piper Sandler upped their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut shares of American Financial Group from an "outperform" rating to a "market perform" rating and dropped their price target for the stock from $164.00 to $144.00 in a research note on Friday.

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.