Corebridge Financial Inc. Sells 3,654 Shares of American Financial Group, Inc. (NYSE:AFG)

Corebridge Financial Inc. trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 81,672 shares of the insurance provider’s stock after selling 3,654 shares during the quarter. Corebridge Financial Inc.’s holdings in American Financial Group were worth $11,183,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its holdings in shares of American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 158 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock valued at $71,000 after buying an additional 248 shares in the last quarter. Allworth Financial LP increased its stake in shares of American Financial Group by 301.1% in the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 527 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of American Financial Group in the 3rd quarter worth approximately $125,000. Finally, Brooklyn Investment Group bought a new position in American Financial Group during the 3rd quarter valued at approximately $130,000. 64.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut shares of American Financial Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $164.00 to $144.00 in a research note on Friday, February 7th.

American Financial Group Stock Performance

AFG stock opened at $127.85 on Thursday. American Financial Group, Inc. has a 12-month low of $118.97 and a 12-month high of $150.19. The stock’s 50 day simple moving average is $128.37 and its 200 day simple moving average is $133.89. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $10.74 billion, a PE ratio of 12.10 and a beta of 0.79.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, research analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group’s dividend payout ratio is 30.27%.

Insider Activity

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. The trade was a 5.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.50% 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.