American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 26.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 997,340 shares of the insurance provider's stock after buying an additional 207,285 shares during the period. Bank of New York Mellon Corp owned approximately 1.19% of American Financial Group worth $136,566,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. FMR LLC lifted its holdings in 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 acquiring an additional 202,522 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of American Financial Group by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider's stock valued at $44,832,000 after purchasing an additional 146,237 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of American Financial Group by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider's stock worth $208,699,000 after purchasing an additional 143,820 shares during the period. State Street Corp grew its holdings in shares of American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider's stock worth $362,526,000 after purchasing an additional 104,172 shares during the period. Finally, KBC Group NV increased its position in shares of American Financial Group by 234.2% during the 4th quarter. KBC Group NV now owns 72,877 shares of the insurance provider's stock worth $9,979,000 after purchasing an additional 51,070 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In related news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the transaction, the director now owns 57,477 shares in the company, valued at $6,954,717. This represents a 5.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.50% of the stock is owned by company insiders.

American Financial Group Trading Down 1.3 %

NYSE:AFG traded down $1.71 on Tuesday, reaching $126.83. 223,454 shares of the company's stock were exchanged, compared to its average volume of 310,385. The business has a fifty day moving average of $131.28 and a 200-day moving average of $134.55. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 52-week low of $118.97 and a 52-week high of $150.19. The firm has a market capitalization of $10.65 billion, a price-to-earnings ratio of 12.01 and a beta of 0.83.

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

American Financial Group Dividend Announcement

The business 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 payout ratio is 30.27%.

Wall Street Analyst Weigh In

AFG has been the subject of a number of recent analyst reports. 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 report on Friday, November 15th. 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. Finally, Piper Sandler boosted their target price on American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research report 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.