Asset Management One Co. Ltd. Decreases Position in American Financial Group, Inc. (NYSE:AFG)

Asset Management One Co. Ltd. reduced its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,407 shares of the insurance provider's stock after selling 4,197 shares during the period. Asset Management One Co. Ltd. owned about 0.06% of American Financial Group worth $6,495,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AFG. UMB Bank n.a. lifted its position in shares of 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 buying an additional 158 shares in the last quarter. iA Global Asset Management Inc. purchased a new position in American Financial Group during the third quarter valued at approximately $125,000. Brooklyn Investment Group purchased a new position in American Financial Group during the third quarter valued at approximately $130,000. GAMMA Investing LLC boosted its position in shares of American Financial Group by 31.6% in the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider's stock worth $145,000 after purchasing an additional 254 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of American Financial Group by 270.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,156 shares of the insurance provider's stock worth $156,000 after purchasing an additional 844 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AFG shares. Keefe, Bruyette & Woods cut shares of American Financial Group from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $164.00 to $144.00 in a research note on Friday, February 7th. BMO Capital Markets increased their target price on American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a research report on Friday, November 15th. Finally, Piper Sandler lifted their target price 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.

American Financial Group Price Performance

AFG traded down $1.00 during trading on Friday, hitting $119.80. 728,563 shares of the company traded hands, compared to its average volume of 417,058. 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 company has a market cap of $10.05 billion, a PE ratio of 11.33 and a beta of 0.83. The stock's 50-day simple moving average is $133.23 and its two-hundred day simple moving average is $134.54. American Financial Group, Inc. has a 1 year low of $118.97 and a 1 year high of $150.19.

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

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.67%. The ex-dividend date was Tuesday, January 14th. American Financial Group's payout ratio is 30.27%.

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.