Burney Co. lifted its position in American Financial Group, Inc. (NYSE:AFG – Free Report) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,743 shares of the insurance provider’s stock after buying an additional 564 shares during the quarter. Burney Co.’s holdings in American Financial Group were worth $2,582,000 as of its most recent filing with the SEC.
Other hedge funds have also recently added to or reduced their stakes in the company. Ifrah Financial Services Inc. raised its holdings in shares of American Financial Group by 1.6% during the 2nd quarter. Ifrah Financial Services Inc. now owns 5,678 shares of the insurance provider’s stock valued at $674,000 after purchasing an additional 91 shares in the last quarter. Argent Capital Management LLC grew its position in American Financial Group by 0.5% in the 1st quarter. Argent Capital Management LLC now owns 21,225 shares of the insurance provider’s stock worth $2,579,000 after purchasing an additional 106 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of American Financial Group by 4.9% during the 2nd quarter. Virtu Financial LLC now owns 2,257 shares of the insurance provider’s stock worth $268,000 after purchasing an additional 106 shares during the period. Commerce Bank raised its position in shares of American Financial Group by 1.2% during the first quarter. Commerce Bank now owns 8,948 shares of the insurance provider’s stock valued at $1,087,000 after buying an additional 107 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of American Financial Group by 4.1% in the first quarter. CIBC Asset Management Inc now owns 2,718 shares of the insurance provider’s stock valued at $330,000 after buying an additional 108 shares during the period. Institutional investors and hedge funds own 63.50% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on AFG shares. Piper Sandler lowered their price target on American Financial Group from $140.00 to $129.00 and set an “overweight” rating on the stock in a research note on Monday, November 6th. Jefferies Financial Group began coverage on shares of American Financial Group in a report on Thursday, September 7th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, StockNews.com initiated coverage on shares of American Financial Group in a research report on Thursday, October 5th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $138.50.
American Financial Group Price Performance
American Financial Group stock opened at $110.35 on Thursday. The business’s fifty day moving average is $110.72 and its two-hundred day moving average is $114.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.50 and a current ratio of 0.50. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $144.62. The firm has a market cap of $9.25 billion, a P/E ratio of 10.86 and a beta of 0.81.
American Financial Group (NYSE:AFG – Get Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.02). The firm had revenue of $1.86 billion during the quarter, compared to the consensus estimate of $1.65 billion. American Financial Group had a net margin of 11.27% and a return on equity of 22.85%. American Financial Group’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.24 EPS. Equities research analysts forecast that American Financial Group, Inc. will post 10.57 earnings per share for the current fiscal year.
American Financial Group Increases Dividend
The firm also recently disclosed a None dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Monday, November 13th will be paid a $1.50 dividend. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio (DPR) is presently 27.95%.
American Financial Group Company Profile
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.
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