Bridges Investment Management Inc. Has $9.64 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Bridges Investment Management Inc. increased its stake in American Financial Group, Inc. (NYSE:AFG) by 966.7% during the fourth quarter, HoldingsChannel reports. The firm owned 70,391 shares of the insurance provider’s stock after acquiring an additional 63,792 shares during the period. Bridges Investment Management Inc.’s holdings in American Financial Group were worth $9,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Metis Global Partners LLC increased its position in shares of American Financial Group by 3.5% in the fourth quarter. Metis Global Partners LLC now owns 5,707 shares of the insurance provider’s stock worth $781,000 after acquiring an additional 192 shares in the last quarter. US Bancorp DE boosted its stake in American Financial Group by 9.4% in the 4th quarter. US Bancorp DE now owns 13,978 shares of the insurance provider’s stock worth $1,914,000 after purchasing an additional 1,201 shares during the period. Sims Investment Management LLC purchased a new position in American Financial Group during the 4th quarter worth approximately $796,000. Mutual of America Capital Management LLC raised its stake in American Financial Group by 1.6% during the 4th quarter. Mutual of America Capital Management LLC now owns 86,418 shares of the insurance provider’s stock valued at $11,833,000 after purchasing an additional 1,375 shares during the period. Finally, Shoker Investment Counsel Inc. lifted its holdings in shares of American Financial Group by 3.3% in the fourth quarter. Shoker Investment Counsel Inc. now owns 2,648 shares of the insurance provider’s stock valued at $363,000 after purchasing an additional 85 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

AFG has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

Insider Transactions at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The stock was purchased at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the acquisition, the director now owns 57,477 shares of the company’s stock, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 14.50% of the stock is currently owned by company insiders.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $126.24 on Friday. The firm has a market cap of $10.60 billion, a price-to-earnings ratio of 11.94 and a beta of 0.83. American Financial Group, Inc. has a 1 year low of $118.97 and a 1 year high of $150.19. 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 business has a fifty day simple moving average of $131.45 and a 200 day simple moving average of $134.45.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share 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, sell-side analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

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

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.