Bahl & Gaynor Inc. Has $80.21 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Bahl & Gaynor Inc. boosted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 585,751 shares of the insurance provider's stock after buying an additional 34,539 shares during the period. Bahl & Gaynor Inc. owned approximately 0.70% of American Financial Group worth $80,207,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings 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 worth $47,000 after acquiring an additional 158 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of American Financial Group by 91.2% in the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock valued at $71,000 after purchasing an additional 248 shares in the last quarter. Allworth Financial LP increased its stake in shares of 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 purchasing an additional 527 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in shares of American Financial Group during the 3rd quarter worth $125,000. Finally, Brooklyn Investment Group bought a new position in American Financial Group in the third quarter valued at about $130,000. 64.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut shares of American Financial Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $164.00 to $144.00 in a research report on Friday, February 7th. BMO Capital Markets increased 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. Finally, Piper Sandler boosted 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.

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American Financial Group Trading Down 0.7 %

NYSE AFG traded down $0.86 on Friday, reaching $127.12. The company had a trading volume of 576,997 shares, compared to its average volume of 314,043. The firm has a market cap of $10.68 billion, a price-to-earnings ratio of 12.03 and a beta of 0.79. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The business has a 50 day moving average of $130.59 and a two-hundred day moving average of $134.43.

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 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%. Analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The company also recently announced a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group's dividend payout ratio is presently 30.27%.

Insiders Place Their Bets

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the company's stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares in the company, valued at $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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.