Atom Investors LP Decreases Position in American Financial Group by 32.9% in 4th Quarter
June 20, 2023
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American Financial ($NYSE:AFG) Group, Inc. (AFG) is a Cincinnati-based holding company, primarily engaged in property and casualty insurance, as well as other financial services businesses.
However, recent filings with the Securities and Exchange Commission (SEC) have revealed that one of AFG’s biggest shareholders has cut its holding significantly. This represents a significant shift in the firm’s investment strategy, as Atom Investors had previously held a large stake in AFG. It is possible that the firm felt the stock was overvalued, or that it needed to reallocate funds to other areas of its portfolio. For its part, American Financial Group has yet to comment on the move.
Analysis
GoodWhale has conducted an analysis of AMERICAN FINANCIAL‘s fundamentals and determined that it has a high health score of 8/10. This health score was reached by considering AMERICAN FINANCIAL’s cashflows and debt, which indicates that the company is capable of paying off its debt and funding future operations. Furthermore, AMERICAN FINANCIAL is strong in the area of dividends, but weak in the areas of asset growth, profitability, and other growth metrics. Based on this analysis, we classify AMERICAN FINANCIAL as a ‘Rhino’; a type of company that has achieved moderate revenue or earnings growth. Considering the aforementioned analysis, investors who are looking for companies with a strong dividend base, moderate growth, and high financial health may be interested in AMERICAN FINANCIAL. Additionally, those who are looking for a stable company to invest in may also be interested due to its strong financial health and dividends. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for American Financial. More…
| Total Revenues | Net Income | Net Margin |
| 7.06k | 820 | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for American Financial. More…
| Operations | Investing | Financing |
| 1.15k | -1.05k | -1.36k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for American Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 28.48k | 24.54k | 46.26 |
Key Ratios Snapshot
Some of the financial key ratios for American Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -2.0% | – | 15.7% |
| FCF Margin | ROE | ROA |
| 16.3% | 17.3% | 2.4% |
Peers
The company’s main competitors are HCI Group Inc, The Hanover Insurance Group Inc, and Donegal Group Inc.
– HCI Group Inc ($NYSE:HCI)
The company’s market cap is 280.02M as of 2022 and its ROE is -1.61%. The company is a provider of healthcare services.
– The Hanover Insurance Group Inc ($NYSE:THG)
The Hanover Insurance Group, Inc., together with its subsidiaries, provides various property and casualty products and services in the United States. The company operates in three segments: Commercial Lines, Personal Lines, and Other. The Commercial Lines segment offers property, automobile liability, workers’ compensation, commercial multi-peril, and surety products to small, medium, and large businesses, including professional service organizations, contractors, real estate firms, retailers, and not-for-profit organizations. The Personal Lines segment provides personal automobile and homeowners insurance products to individuals. The Other segment offers reinsurance products. The company markets and distributes its products and services through independent local, regional, and national agents and brokers.
– Donegal Group Inc ($NASDAQ:DGICA)
As of 2022, Donegal Group Inc has a market cap of 461.86M. It has a return on equity of 0.82%. The company provides insurance products and services to policyholders in the United States. Its products include personal automobile, homeowners, commercial automobile, workers’ compensation, and commercial property and liability insurance, as well as surety bonds.
Summary
This indicates a shift in the company’s investment strategy and may signal pessimism about the company’s financial prospects. Analysts are closely monitoring the stock and examining the implications of this move. Investors should pay close attention to any new developments or announcements from American Financial Group, Inc. as they could indicate a trend in the direction of the company’s performance.
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