Victory Capital Management Inc. Trims Holdings in American Financial Group, Inc. (NYSE:AFG)

Victory Capital Management Inc. lowered its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,404,379 shares of the insurance provider's stock after selling 333,326 shares during the period. Victory Capital Management Inc. owned 4.06% of American Financial Group worth $458,229,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in American Financial Group in the second quarter valued at $30,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group during the 2nd quarter valued at $38,000. Covestor Ltd boosted its holdings in shares of American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock valued at $59,000 after buying an additional 346 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock valued at $59,000 after buying an additional 133 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider's stock valued at $72,000 after buying an additional 523 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AFG. BMO Capital Markets boosted their target price on shares of American Financial Group from $132.00 to $135.00 and gave the company a "market perform" rating in a report on Tuesday, October 8th. 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.

American Financial Group Stock Performance

NYSE:AFG traded up $1.32 during mid-day trading on Tuesday, reaching $143.53. The company's stock had a trading volume of 373,215 shares, compared to its average volume of 303,035. The firm's fifty day moving average price is $134.48 and its two-hundred day moving average price is $130.09. The stock has a market cap of $12.04 billion, a P/E ratio of 13.45 and a beta of 0.79. American Financial Group, Inc. has a 12-month low of $107.73 and a 12-month high of $143.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a return on equity of 20.45% and a net margin of 10.84%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company earned $2.45 earnings per share. The company's revenue for the quarter was up 10.8% compared to the same quarter last year. On average, equities analysts forecast that American Financial Group, Inc. will post 10.93 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 issued a dividend of $4.00 per share. The ex-dividend date 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%.

American Financial Group 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.