Boston Trust Walden Corp Has $57.51 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Boston Trust Walden Corp lessened its stake in American Financial Group, Inc. (NYSE:AFG) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 427,299 shares of the insurance provider’s stock after selling 3,919 shares during the quarter. Boston Trust Walden Corp owned about 0.51% of American Financial Group worth $57,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also 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 American Financial Group during the second quarter worth $38,000. Covestor Ltd boosted its holdings in shares of American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 346 shares in the last quarter. Blue Trust Inc. increased its stake in shares of American Financial Group by 44.3% in the 2nd 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 increased its stake in shares of American Financial Group by 10,460.0% in the 1st 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. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 2.4 %

Shares of NYSE:AFG traded down $3.20 during midday trading on Friday, hitting $129.41. 249,818 shares of the stock were exchanged, compared to its average volume of 301,110. The business’s 50-day moving average price is $134.18 and its 200 day moving average price is $129.67. American Financial Group, Inc. has a 12 month low of $106.62 and a 12 month high of $138.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market capitalization of $10.86 billion, a price-to-earnings ratio of 12.21 and a beta of 0.78.

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

American Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This is a boost from American Financial Group’s previous quarterly dividend of $0.71. This represents a $3.20 annualized dividend and a dividend yield of 2.47%. American Financial Group’s dividend payout ratio is 30.19%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Citigroup lowered American Financial Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $144.00 to $137.00 in a research note on Friday, June 28th. BMO Capital Markets increased their target price on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

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.