Forsta AP Fonden Takes Position in American Financial Group, Inc. (NYSE:AFG)

Forsta AP Fonden acquired a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,700 shares of the insurance provider's stock, valued at approximately $507,000.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in shares of American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider's stock valued at $742,501,000 after purchasing an additional 202,522 shares in the last quarter. State Street Corp raised its position in American Financial Group by 4.0% in the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider's stock valued at $362,526,000 after buying an additional 104,172 shares during the last quarter. Geode Capital Management LLC lifted its stake in American Financial Group by 10.2% in the 3rd 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 in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its stake in American Financial Group by 0.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 607,677 shares of the insurance provider's stock valued at $83,209,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in American Financial Group by 8.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider's stock worth $67,719,000 after acquiring an additional 39,623 shares during the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Up 0.9 %

Shares of NYSE AFG traded up $1.20 during trading hours on Thursday, hitting $128.74. The company had a trading volume of 972,279 shares, compared to its average volume of 361,312. American Financial Group, Inc. has a 1-year low of $115.64 and a 1-year 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 firm's 50 day moving average is $137.23 and its 200-day moving average is $134.81. The stock has a market capitalization of $10.80 billion, a P/E ratio of 12.07 and a beta of 0.83.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results 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 10.84% and a return on equity of 19.97%. On average, analysts expect that American Financial Group, Inc. will post 10.83 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group's payout ratio is currently 29.99%.

Wall Street Analyst Weigh In

AFG has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on shares of American Financial Group from $165.00 to $164.00 and set an "outperform" rating on the stock in a report on Friday, January 10th. BMO Capital Markets lifted their price target on shares of 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. Finally, Piper Sandler increased their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th.

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.