13,510 Shares in American Financial Group, Inc. $AFG Bought by Nordwand Advisors LLC

Nordwand Advisors LLC purchased a new position in American Financial Group, Inc. (NYSE:AFG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,510 shares of the insurance provider’s stock, valued at approximately $1,705,000.

Several other institutional investors have also added to or reduced their stakes in AFG. Charles Schwab Investment Management Inc. increased its holdings in shares of American Financial Group by 395.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider’s stock worth $331,071,000 after buying an additional 2,012,027 shares during the period. AQR Capital Management LLC boosted its holdings in American Financial Group by 240.0% during the 1st quarter. AQR Capital Management LLC now owns 585,841 shares of the insurance provider’s stock valued at $76,821,000 after acquiring an additional 413,516 shares during the period. Nuveen LLC bought a new position in American Financial Group during the 1st quarter worth approximately $30,442,000. Millennium Management LLC increased its stake in American Financial Group by 166.7% in the 1st quarter. Millennium Management LLC now owns 280,012 shares of the insurance provider’s stock worth $36,777,000 after purchasing an additional 175,015 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in American Financial Group by 112.5% in the first quarter. Ameriprise Financial Inc. now owns 327,621 shares of the insurance provider’s stock valued at $43,030,000 after purchasing an additional 173,452 shares during the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

NYSE:AFG opened at $138.91 on Tuesday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. The firm’s fifty day simple moving average is $139.11 and its 200 day simple moving average is $131.42. The stock has a market cap of $11.59 billion, a P/E ratio of 15.26 and a beta of 0.78. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 EPS for the quarter, topping the consensus estimate of $2.35 by $0.34. The business had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.02 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. During the same period in the prior year, the business earned $2.31 EPS. As a group, research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, November 17th. American Financial Group’s dividend payout ratio (DPR) is 36.97%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Piper Sandler raised their target price on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a report on Thursday, November 6th. Keefe, Bruyette & Woods dropped their price target on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Jefferies Financial Group reissued a “hold” rating and issued a $142.00 price target on shares of American Financial Group in a report on Tuesday, November 11th. Wall Street Zen raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a report on Thursday. One research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and an average price target of $135.00.

Insider Activity at American Financial Group

In other news, CFO Brian S. Hertzman sold 1,777 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $142.51, for a total value of $253,240.27. Following the completion of the transaction, the chief financial officer owned 11,300 shares in the company, valued at $1,610,363. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Stephen Craig Lindner, Jr. sold 10,000 shares of American Financial Group stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total value of $1,343,100.00. Following the sale, the director owned 326,730 shares in the company, valued at $43,883,106.30. This represents a 2.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 17.40% of the company’s stock.

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.