Quent Capital LLC Reduces Holdings in American Financial Group, Inc. (NYSE:AFG)

Quent Capital LLC decreased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 43.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 284 shares of the insurance provider’s stock after selling 219 shares during the quarter. Quent Capital LLC’s holdings in American Financial Group were worth $39,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in shares of American Financial Group by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after purchasing an additional 146,237 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of American Financial Group by 17.4% during the third quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider’s stock worth $6,833,000 after purchasing an additional 7,365 shares during the last quarter. Argent Capital Management LLC grew its holdings in shares of American Financial Group by 9.8% during the fourth quarter. Argent Capital Management LLC now owns 31,362 shares of the insurance provider’s stock worth $4,294,000 after purchasing an additional 2,787 shares during the last quarter. Quest Partners LLC grew its holdings in shares of American Financial Group by 166.1% during the third quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider’s stock worth $953,000 after purchasing an additional 4,418 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of American Financial Group during the fourth quarter worth about $285,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $124.50 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $10.45 billion, a P/E ratio of 11.78 and a beta of 0.83. American Financial Group, Inc. has a 52 week low of $118.97 and a 52 week high of $150.19. The company has a 50-day moving average price of $135.44 and a 200 day moving average price of $134.85.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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 net margin of 10.66% and a return on equity of 20.30%. Research analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.57%. American Financial Group’s payout ratio is 30.27%.

Analyst Ratings Changes

AFG has been the subject of several recent research reports. BMO Capital Markets increased their target price on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Piper Sandler increased their target price 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, November 12th. Finally, Keefe, Bruyette & Woods downgraded shares of American Financial Group from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $164.00 to $144.00 in a research note on Friday, February 7th.

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.