Burney Co. Has $4.12 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Burney Co. increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 30,090 shares of the insurance provider's stock after buying an additional 3,548 shares during the quarter. Burney Co.'s holdings in American Financial Group were worth $4,120,000 at the end of the most recent reporting period.

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 worth $742,501,000 after acquiring an additional 202,522 shares during the last quarter. State Street Corp boosted its position in American Financial Group by 4.0% in the third 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider's stock worth $208,699,000 after buying an additional 143,820 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of American Financial Group by 8.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider's stock worth $67,719,000 after buying an additional 39,623 shares in the last quarter. Finally, EULAV Asset Management lifted its stake in shares of American Financial Group by 9.4% in the 3rd quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider's stock valued at $67,128,000 after acquiring an additional 42,902 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. BMO Capital Markets upped 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. Finally, Keefe, Bruyette & Woods cut their target price on shares of American Financial Group from $165.00 to $164.00 and set an "outperform" rating on the stock in a research report on Friday, January 10th.

American Financial Group Trading Up 1.4 %

NYSE:AFG traded up $1.88 during trading hours on Thursday, hitting $137.83. 215,905 shares of the company were exchanged, compared to its average volume of 273,771. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.83. American Financial Group, Inc. has a one year low of $115.64 and a one year high of $150.19. The company has a fifty day simple moving average of $139.33 and a 200 day simple moving average of $133.66. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business earned $2.45 earnings per share. American Financial Group's revenue was up 10.8% compared to the same quarter last year. Sell-side analysts expect that American Financial Group, Inc. will post 10.74 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group's dividend payout ratio is currently 29.99%.

About American Financial Group

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.