Burney Co. Acquires 3,548 Shares of American Financial Group, Inc. (NYSE:AFG)

Burney Co. lifted its holdings in American Financial Group, Inc. (NYSE:AFG) by 13.4% during the fourth quarter, HoldingsChannel reports. The firm owned 30,090 shares of the insurance provider’s stock after purchasing an additional 3,548 shares during the period. Burney Co.’s holdings in American Financial Group were worth $4,120,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. FMR LLC increased its stake in American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after acquiring an additional 202,522 shares during the period. JPMorgan Chase & Co. increased its stake in American Financial Group by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock valued at $44,832,000 after acquiring an additional 146,237 shares during the period. Geode Capital Management LLC increased its stake in American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares during the period. Bank of Montreal Can increased its stake in American Financial Group by 251.1% during the second quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after acquiring an additional 105,764 shares during the period. Finally, State Street Corp increased its stake in American Financial Group by 4.0% during the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after acquiring an additional 104,172 shares during the period. 64.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AFG has been the topic of several research reports. Piper Sandler boosted their price target 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. Keefe, Bruyette & Woods lowered their price target on American Financial Group from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, BMO Capital Markets boosted their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Stock Up 1.7 %

NYSE AFG opened at $136.24 on Thursday. 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 stock’s 50 day moving average is $139.26 and its two-hundred day moving average is $133.63. The company has a market capitalization of $11.43 billion, a price-to-earnings ratio of 12.77 and a beta of 0.83. American Financial Group, Inc. has a 1-year low of $115.64 and a 1-year high of $150.19.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.45 earnings per share. Equities analysts forecast that American Financial Group, Inc. will post 10.74 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Tuesday, January 14th. American Financial Group’s payout ratio is 29.99%.

American Financial Group Company 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.