IFM Investors Pty Ltd Sells 511 Shares of American Financial Group, Inc. (NYSE:AFG)

IFM Investors Pty Ltd trimmed its holdings in American Financial Group, Inc. (NYSE:AFG) by 3.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,051 shares of the insurance provider’s stock after selling 511 shares during the period. IFM Investors Pty Ltd’s holdings in American Financial Group were worth $1,757,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new position in shares of American Financial Group in the second quarter valued at $30,000. Headlands Technologies LLC bought a new position in shares of American Financial Group in the second quarter valued at $38,000. Covestor Ltd raised its holdings in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 346 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of American Financial Group by 10,460.0% in 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. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Performance

Shares of AFG stock opened at $129.41 on Monday. The firm has a 50-day moving average of $134.18 and a 200-day moving average of $129.66. The company has a market cap of $10.85 billion, a P/E ratio of 12.38 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a one year low of $106.62 and a one year high of $138.81.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company posted $2.38 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post 10.99 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Tuesday, October 15th. This is an increase from American Financial Group’s previous quarterly dividend of $0.71. American Financial Group’s dividend payout ratio (DPR) is 30.62%.

Analyst Ratings Changes

Separately, BMO Capital Markets increased 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.

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.