Cambiar Investors LLC Sells 9,666 Shares of American Financial Group, Inc. (NYSE:AFG)

Cambiar Investors LLC lessened its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 10.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 84,546 shares of the insurance provider's stock after selling 9,666 shares during the quarter. Cambiar Investors LLC owned about 0.10% of American Financial Group worth $11,577,000 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. Sanctuary Advisors LLC bought a new stake in shares of American Financial Group during the 2nd quarter valued at about $620,000. CWM LLC boosted its position in shares of American Financial Group by 952.1% during the 3rd quarter. CWM LLC now owns 1,252 shares of the insurance provider's stock valued at $169,000 after acquiring an additional 1,133 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of American Financial Group by 9,300.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 5,452 shares of the insurance provider's stock valued at $734,000 after acquiring an additional 5,394 shares during the last quarter. Koshinski Asset Management Inc. bought a new stake in shares of American Financial Group during the 3rd quarter valued at about $215,000. Finally, Creative Planning boosted its position in shares of American Financial Group by 1.2% during the 3rd quarter. Creative Planning now owns 27,793 shares of the insurance provider's stock valued at $3,741,000 after acquiring an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFG. BMO Capital Markets lifted their price target on American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods downgraded American Financial Group from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $164.00 to $144.00 in a research report on Friday, February 7th. Finally, Piper Sandler lifted their price target on American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th.

American Financial Group Price Performance

AFG traded down $1.04 during midday trading on Friday, hitting $123.28. The stock had a trading volume of 546,466 shares, compared to its average volume of 386,579. The company has a market cap of $10.35 billion, a P/E ratio of 11.66 and a beta of 0.83. The business has a fifty day moving average of $134.65 and a 200 day moving average of $134.75. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 1 year low of $118.97 and a 1 year high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last issued 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 return on equity of 20.30% and a net margin of 10.66%. As a group, equities analysts forecast 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 quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Tuesday, January 14th. American Financial Group's dividend payout ratio (DPR) is presently 30.27%.

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.