Impact Partnership Wealth LLC Raises Stake in American Financial Group, Inc. (NYSE:AFG)

Impact Partnership Wealth LLC lifted its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 83.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,317 shares of the insurance provider's stock after acquiring an additional 2,426 shares during the quarter. Impact Partnership Wealth LLC's holdings in American Financial Group were worth $728,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of American Financial Group by 86.8% in the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock valued at $47,000 after buying an additional 158 shares during the period. Point72 Hong Kong Ltd purchased a new stake in American Financial Group in the 2nd quarter valued at about $99,000. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of American Financial Group during the 3rd quarter worth approximately $111,000. Point72 Asia Singapore Pte. Ltd. bought a new position in American Financial Group in the 2nd quarter valued at $124,000. Finally, iA Global Asset Management Inc. purchased a new position in American Financial Group in the third quarter worth $125,000. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Stock Performance

Shares of AFG traded up $1.32 during trading hours on Friday, hitting $135.12. The stock had a trading volume of 285,466 shares, compared to its average volume of 269,873. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a 50-day moving average price of $138.77 and a 200 day moving average price of $134.12. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.66 and a beta of 0.83.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results 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). The business had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. American Financial Group's quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.45 EPS. As a group, research analysts anticipate that American Financial Group, Inc. will post 10.74 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.37%. American Financial Group's payout ratio is currently 29.99%.

Wall Street Analyst Weigh In

AFG has been the subject of several recent analyst reports. Keefe, Bruyette & Woods lowered their price objective on shares of American Financial Group from $165.00 to $164.00 and set an "outperform" rating for the company in a research note on Friday, January 10th. Piper Sandler increased 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. Finally, BMO Capital Markets raised their price objective 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.

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.