American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Burney Co.

Burney Co. raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 6.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,773 shares of the insurance provider’s stock after buying an additional 1,578 shares during the period. Burney Co.’s holdings in American Financial Group were worth $3,171,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AFG. Retirement Systems of Alabama boosted its stake in shares of American Financial Group by 7.8% during the 4th quarter. Retirement Systems of Alabama now owns 170,743 shares of the insurance provider’s stock valued at $20,300,000 after buying an additional 12,392 shares during the last quarter. Crestline Management LP bought a new position in American Financial Group during the 4th quarter valued at $2,972,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in American Financial Group by 13.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock worth $5,145,000 after acquiring an additional 4,420 shares in the last quarter. Hengehold Capital Management LLC increased its position in shares of American Financial Group by 40.0% in the 1st quarter. Hengehold Capital Management LLC now owns 25,532 shares of the insurance provider’s stock worth $3,485,000 after purchasing an additional 7,295 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in shares of American Financial Group by 360.7% in the 1st quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after purchasing an additional 21,261 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of the stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of $125.17 per share, with a total value of $150,204.00. Following the completion of the acquisition, the director now owns 1,200 shares of the company’s stock, valued at $150,204. The purchase was disclosed in a filing with the SEC, which is available through this link. 14.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Piper Sandler upped their price target on American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a research report on Monday, May 6th. Citigroup downgraded shares of American Financial Group from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $144.00 to $137.00 in a research report on Friday, June 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $131.75.

American Financial Group Stock Performance

Shares of AFG traded up $0.36 during midday trading on Thursday, hitting $132.61. 67,570 shares of the stock traded hands, compared to its average volume of 296,133. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. American Financial Group, Inc. has a 1-year low of $105.22 and a 1-year high of $137.71. The business’s 50 day moving average price is $126.52 and its two-hundred day moving average price is $128.07. The firm has a market capitalization of $11.12 billion, a PE ratio of 12.66 and a beta of 0.78.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The firm had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same period in the previous year, the business posted $2.38 EPS. American Financial Group’s revenue was up 3.3% on a year-over-year basis. Equities research analysts predict that American Financial Group, Inc. will post 10.97 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.14%. The ex-dividend date was Monday, July 15th. American Financial Group’s dividend payout ratio is currently 27.18%.

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.