Golden State Wealth Management LLC Purchases Shares of 7,500 American Financial Group, Inc. (NYSE:AFG)

Golden State Wealth Management LLC bought a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,500 shares of the insurance provider's stock, valued at approximately $1,027,000.

A number of other institutional investors have also made changes to their positions in AFG. UMB Bank n.a. raised 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 worth $47,000 after purchasing an additional 158 shares during the period. Moisand Fitzgerald Tamayo LLC bought a new position in American Financial Group during the 3rd quarter worth $111,000. iA Global Asset Management Inc. acquired a new stake in American Financial Group in the third quarter worth $125,000. Brooklyn Investment Group acquired a new position in shares of American Financial Group during the third quarter valued at $130,000. Finally, GAMMA Investing LLC boosted its holdings in shares of American Financial Group by 31.6% during the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider's stock valued at $145,000 after acquiring an additional 254 shares during the period. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Trading Up 0.6 %

NYSE AFG traded up $0.79 on Tuesday, hitting $127.33. 242,699 shares of the company were exchanged, compared to its average volume of 369,447. 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 twelve month low of $118.97 and a twelve month high of $150.19. The firm has a market capitalization of $10.69 billion, a P/E ratio of 12.05 and a beta of 0.83. The company's 50 day moving average price is $136.44 and its 200-day moving average price is $134.92.

American Financial Group (NYSE:AFG - Get Free Report) last issued its earnings results 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 return on equity of 20.30% and a net margin of 10.66%. Analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.51%. The ex-dividend date was Tuesday, January 14th. American Financial Group's dividend payout ratio is 30.27%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler lifted their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their price objective 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, Keefe, Bruyette & Woods cut 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 report on Friday.

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.