Intech Investment Management LLC Sells 13,949 Shares of American Financial Group, Inc. (NYSE:AFG)

Intech Investment Management LLC lowered its position in American Financial Group, Inc. (NYSE:AFG - Free Report) by 36.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,578 shares of the insurance provider's stock after selling 13,949 shares during the quarter. Intech Investment Management LLC's holdings in American Financial Group were worth $3,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of American Financial Group in the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group in the 2nd quarter valued at approximately $38,000. Blue Trust Inc. lifted its stake 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 purchasing an additional 133 shares during the last quarter. Abich Financial Wealth Management LLC increased its stake 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 valued at $72,000 after purchasing an additional 523 shares during the last quarter. Finally, nVerses Capital LLC raised its holdings in shares of American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider's stock worth $74,000 after purchasing an additional 400 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on AFG. Piper Sandler increased their price objective 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. BMO Capital Markets boosted their price objective 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.

American Financial Group Price Performance

NYSE:AFG traded up $2.68 during midday trading on Friday, hitting $146.47. 519,091 shares of the stock were exchanged, compared to its average volume of 344,685. The company has a market capitalization of $12.29 billion, a price-to-earnings ratio of 13.73 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a one year low of $110.53 and a one year high of $147.01. The business has a 50-day moving average price of $135.68 and a two-hundred day moving average price of $130.82.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts' consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the prior year, the business posted $2.45 EPS. The company's revenue for the quarter was up 10.8% on a year-over-year basis. Sell-side analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $4.00 per share. This is a positive change from American Financial Group's previous None dividend of $1.00. The ex-dividend date is Friday, November 15th. American Financial Group's dividend payout ratio is 29.99%.

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.