4,208 Shares in American Financial Group, Inc. (NYSE:AFG) Acquired by A&I Financial Services LLC

A&I Financial Services LLC purchased a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the fourth quarter, Holdings Channel.com reports. The firm purchased 4,208 shares of the insurance provider’s stock, valued at approximately $576,000. American Financial Group accounts for approximately 0.6% of A&I Financial Services LLC’s investment portfolio, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in shares of American Financial Group by 10.0% in the 4th quarter. QRG Capital Management Inc. now owns 4,913 shares of the insurance provider’s stock valued at $673,000 after acquiring an additional 445 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in American Financial Group during the fourth quarter valued at $5,127,000. Amalgamated Bank boosted its holdings in American Financial Group by 0.4% in the fourth quarter. Amalgamated Bank now owns 34,506 shares of the insurance provider’s stock valued at $4,725,000 after purchasing an additional 124 shares during the last quarter. Bank of New York Mellon Corp grew its position in American Financial Group by 26.2% during the 4th quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock worth $136,566,000 after purchasing an additional 207,285 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of American Financial Group during the 4th quarter valued at about $2,661,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Price Performance

Shares of American Financial Group stock opened at $125.18 on Friday. The firm has a market cap of $10.51 billion, a PE ratio of 11.84 and a beta of 0.83. American Financial Group, Inc. has a twelve month low of $118.97 and a twelve month high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $131.89 and a 200 day moving average price of $134.50.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Sell-side analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.56%. American Financial Group’s dividend payout ratio (DPR) is 30.27%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. BMO Capital Markets upped their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Piper Sandler upped their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut shares of American Financial Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $164.00 to $144.00 in a research note on Friday, February 7th.

Insider Transactions at American Financial Group

In other news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the acquisition, the director now owns 57,477 shares in the company, valued at approximately $6,954,717. This represents a 5.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.50% of the company’s stock.

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.