A&I Financial Services LLC Takes Position in American Financial Group, Inc. (NYSE:AFG)

A&I Financial Services LLC acquired a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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 also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 158 shares in the last quarter. Allworth Financial LP boosted its position in American Financial Group by 301.1% in the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after buying an additional 527 shares during the last quarter. iA Global Asset Management Inc. acquired a new stake in shares of American Financial Group during the third quarter valued at about $125,000. Brooklyn Investment Group purchased a new stake in shares of American Financial Group during the third quarter worth about $130,000. Finally, GAMMA Investing LLC increased its position in shares of American Financial Group by 31.6% during the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider's stock worth $145,000 after acquiring an additional 254 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Stock Up 1.8 %

American Financial Group stock traded up $2.28 during midday trading on Monday, hitting $128.56. The stock had a trading volume of 529,823 shares, compared to its average volume of 308,613. The business has a fifty day moving average price of $131.45 and a 200 day moving average price of $134.55. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The stock has a market cap of $10.80 billion, a P/E ratio of 12.16 and a beta of 0.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

Remove Ads

American Financial Group (NYSE:AFG - Get Free Report) last issued 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 net margin of 10.66% and a return on equity of 20.30%. Research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently declared a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group's dividend payout ratio (DPR) is presently 30.27%.

Analyst Upgrades and Downgrades

AFG has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective 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. Keefe, Bruyette & Woods cut American Financial Group from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $164.00 to $144.00 in a research note on Friday, February 7th. Finally, Piper Sandler lifted their price target 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.

Insider Activity

In related news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the transaction, the director now directly owns 57,477 shares of the company's stock, valued at $6,954,717. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.