R Squared Ltd acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG – Free Report) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 3,932 shares of the insurance provider’s stock, valued at approximately $502,000.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Steph & Co. lifted its stake in American Financial Group by 11.5% in the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after buying an additional 81 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in American Financial Group by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock valued at $252,000 after buying an additional 83 shares during the period. JB Capital LLC grew its holdings in American Financial Group by 2.1% in the fourth quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 89 shares during the period. Larson Financial Group LLC increased its holdings in shares of American Financial Group by 2.2% during the 4th quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock worth $621,000 after buying an additional 98 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in American Financial Group by 1.1% during the fourth quarter. Cetera Investment Advisers now owns 9,030 shares of the insurance provider’s stock valued at $1,234,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.
American Financial Group Stock Up 1.3%
Shares of AFG stock traded up $1.90 during trading hours on Tuesday, reaching $143.93. The company had a trading volume of 70,548 shares, compared to its average volume of 578,740. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.48 and a current ratio of 0.48. American Financial Group, Inc. has a twelve month low of $122.11 and a twelve month high of $150.02. The company has a market capitalization of $11.96 billion, a P/E ratio of 13.68 and a beta of 0.62. The stock’s fifty day simple moving average is $134.14 and its 200 day simple moving average is $132.12.
American Financial Group Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, July 15th. American Financial Group’s payout ratio is presently 33.46%.
Insiders Place Their Bets
In related news, SVP Michelle A. Gillis sold 2,247 shares of American Financial Group stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $139.00, for a total transaction of $312,333.00. Following the sale, the senior vice president owned 13,135 shares of the company’s stock, valued at $1,825,765. The trade was a 14.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David Lawrence Thompson, Jr. sold 11,370 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total transaction of $1,535,518.50. Following the completion of the transaction, the insider owned 584,098 shares in the company, valued at $78,882,434.90. This represents a 1.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.90% of the company’s stock.
Analyst Ratings Changes
AFG has been the subject of several research analyst reports. Piper Sandler upped their price target on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a report on Thursday, June 11th. Keefe, Bruyette & Woods increased their target price on shares of American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Finally, Wells Fargo & Company raised their price target on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.00.
View Our Latest Analysis on AFG
American Financial Group Profile
American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.
The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.
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