Astoria Portfolio Advisors LLC. Takes $214,000 Position in American Financial Group, Inc. (NYSE:AFG)

Astoria Portfolio Advisors LLC. acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,699 shares of the insurance provider’s stock, valued at approximately $214,000.

Other hedge funds have also recently made changes to their positions in the company. Treasurer of the State of North Carolina boosted its position in shares of American Financial Group by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 33,796 shares of the insurance provider’s stock worth $3,774,000 after purchasing an additional 133 shares during the period. VisionPoint Advisory Group LLC boosted its position in shares of American Financial Group by 132.5% during the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Commerce Bank boosted its position in shares of American Financial Group by 2.1% during the fourth quarter. Commerce Bank now owns 9,021 shares of the insurance provider’s stock worth $1,073,000 after acquiring an additional 185 shares during the last quarter. Metis Global Partners LLC boosted its position in shares of American Financial Group by 5.3% during the fourth quarter. Metis Global Partners LLC now owns 4,586 shares of the insurance provider’s stock worth $545,000 after acquiring an additional 230 shares during the last quarter. Finally, Cerity Partners LLC boosted its position in shares of American Financial Group by 9.9% during the fourth quarter. Cerity Partners LLC now owns 3,136 shares of the insurance provider’s stock worth $373,000 after acquiring an additional 283 shares during the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Financial Group

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $125.17 per share, with a total value of $150,204.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $150,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 14.50% of the stock is currently owned by insiders.

American Financial Group Price Performance

American Financial Group stock opened at $123.02 on Friday. The company has a market cap of $10.32 billion, a price-to-earnings ratio of 11.77 and a beta of 0.79. The firm’s fifty day moving average is $128.25 and its 200 day moving average is $125.91. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.35. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week high of $137.71.

American Financial Group (NYSE:AFG) last announced its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.06. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.89 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. During the same quarter in the prior year, the firm posted $2.89 earnings per share. Sell-side analysts forecast that American Financial Group, Inc. will post 10.94 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.31%. The ex-dividend date of this dividend was Friday, April 12th. American Financial Group’s payout ratio is currently 27.18%.

Analysts Set New Price Targets

AFG has been the subject of a number of research reports. Piper Sandler upped their target price on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Citigroup lowered shares of American Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $144.00 to $137.00 in a research report on Friday. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $131.75.

American Financial Group 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.