Empowered Funds LLC Purchases 4,966 Shares of American Financial Group, Inc. (NYSE:AFG)

Empowered Funds LLC lifted its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,051 shares of the insurance provider's stock after acquiring an additional 4,966 shares during the quarter. Empowered Funds LLC's holdings in American Financial Group were worth $4,663,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFG. UMB Bank n.a. boosted its stake 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. iA Global Asset Management Inc. bought a new position in shares of American Financial Group during the 3rd quarter worth approximately $125,000. Brooklyn Investment Group bought a new position in shares of American Financial Group during the 3rd quarter worth approximately $130,000. AlphaMark Advisors LLC boosted its stake in shares of American Financial Group by 320.7% during the 3rd quarter. AlphaMark Advisors LLC now owns 1,077 shares of the insurance provider's stock worth $145,000 after acquiring an additional 821 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of American Financial Group by 31.6% during the 4th 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 period. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods downgraded American Financial Group from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $164.00 to $144.00 in a research note on Friday, February 7th. BMO Capital Markets lifted their price target on American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a report on Friday, November 15th. Finally, Piper Sandler lifted their price target on American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th.

American Financial Group Price Performance

NYSE AFG traded down $1.04 during midday trading on Friday, hitting $123.28. The company had a trading volume of 546,466 shares, compared to its average volume of 364,639. The company has a market capitalization of $10.35 billion, a PE ratio of 11.66 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. The firm has a 50-day moving average price of $134.65 and a 200-day moving average price of $134.77. American Financial Group, Inc. has a twelve month low of $118.97 and a twelve month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data 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%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were paid a $0.80 dividend. The ex-dividend date was Tuesday, January 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.60%. American Financial Group's payout ratio is 30.27%.

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.