American Financial Group, Inc. (NYSE:AFG) Shares Acquired by MCF Advisors LLC

MCF Advisors LLC increased its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 5.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,358 shares of the insurance provider’s stock after purchasing an additional 244 shares during the quarter. MCF Advisors LLC’s holdings in American Financial Group were worth $597,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted 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 buying an additional 158 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in shares of American Financial Group by 35.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock valued at $88,000 after buying an additional 188 shares during the period. Point72 Hong Kong Ltd purchased a new stake in American Financial Group during the second quarter worth about $99,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in American Financial Group in the third quarter valued at $111,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of American Financial Group during the 2nd quarter worth approximately $124,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Trading Down 0.0 %

NYSE:AFG opened at $135.10 on Wednesday. The business has a fifty day moving average of $139.13 and a 200-day moving average of $134.01. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of 12.66 and a beta of 0.83. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.45 EPS. Equities analysts predict that American Financial Group, Inc. will post 10.74 earnings per share for the current year.

American Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BMO Capital Markets lifted their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods decreased their price target on 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. Finally, Piper Sandler raised their target price on shares of 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 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.