Hsbc Holdings PLC Purchases 9,014 Shares of American Financial Group, Inc. $AFG

Hsbc Holdings PLC grew its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 11.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,669 shares of the insurance provider's stock after purchasing an additional 9,014 shares during the quarter. Hsbc Holdings PLC owned approximately 0.11% of American Financial Group worth $12,624,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of AFG. BlackRock Inc. bought a new stake in shares of American Financial Group in the 2nd quarter worth approximately $1,079,329,000. Charles Schwab Investment Management Inc. boosted its position in American Financial Group by 2.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,567,721 shares of the insurance provider's stock valued at $350,956,000 after buying an additional 57,246 shares during the period. Geode Capital Management LLC boosted its position in American Financial Group by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 1,732,557 shares of the insurance provider's stock valued at $236,645,000 after buying an additional 29,731 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of American Financial Group by 19.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,506,510 shares of the insurance provider's stock valued at $192,395,000 after buying an additional 240,509 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of American Financial Group by 33.2% in the third quarter. Northern Trust Corp now owns 1,026,783 shares of the insurance provider's stock worth $149,623,000 after buying an additional 255,693 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on AFG. Wall Street Zen raised American Financial Group from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Piper Sandler raised their price target on American Financial Group from $140.00 to $156.00 and gave the stock a "neutral" rating in a research report on Monday, August 10th. Keefe, Bruyette & Woods lifted their price target on American Financial Group from $148.00 to $153.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 11th. Wells Fargo & Company boosted their price objective on American Financial Group from $158.00 to $173.00 and gave the company an "overweight" rating in a research report on Thursday, July 9th. Finally, Weiss Ratings raised American Financial Group from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $156.00.

Insider Buying and Selling at American Financial Group

In other news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the business's stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total value of $1,535,518.50. Following the sale, the insider directly owned 584,098 shares of the company's stock, valued at $78,882,434.90. The trade was a 1.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Mark A. Weiss sold 2,813 shares of the company's stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $144.76, for a total value of $407,209.88. Following the completion of the sale, the vice president owned 6,648 shares in the company, valued at $962,364.48. The trade was a 29.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,380 shares of company stock worth $2,390,788 in the last ninety days. 16.90% of the stock is owned by company insiders.

American Financial Group Price Performance

AFG opened at $141.05 on Wednesday. The stock has a fifty day simple moving average of $143.02 and a two-hundred day simple moving average of $135.61. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 12.33 and a beta of 0.60. American Financial Group, Inc. has a 12-month low of $123.09 and a 12-month high of $150.02.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, beating the consensus estimate of $2.32 by $0.50. The business had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.85 billion. American Financial Group had a return on equity of 20.35% and a net margin of 11.51%.The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 earnings per share. Research analysts predict that American Financial Group, Inc. will post 12.13 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 15th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Wednesday, July 15th. American Financial Group's dividend payout ratio is 30.77%.

American Financial Group Profile

American Financial Group, Inc NYSE: AFG is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.

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