Janney Montgomery Scott LLC Has $7.14 Million Position in American Financial Group, Inc. (NYSE:AFG)

Janney Montgomery Scott LLC grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,129 shares of the insurance provider’s stock after purchasing an additional 508 shares during the quarter. Janney Montgomery Scott LLC owned about 0.06% of American Financial Group worth $7,138,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in American Financial Group by 2.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 50,625 shares of the insurance provider’s stock valued at $6,932,000 after buying an additional 1,250 shares during the period. MCF Advisors LLC increased its stake in shares of American Financial Group by 5.9% in the 4th quarter. MCF Advisors LLC now owns 4,358 shares of the insurance provider’s stock valued at $597,000 after acquiring an additional 244 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of American Financial Group by 0.6% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 607,677 shares of the insurance provider’s stock valued at $83,209,000 after acquiring an additional 3,580 shares during the period. Crossmark Global Holdings Inc. boosted its stake in American Financial Group by 1.4% during the fourth quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider’s stock worth $794,000 after acquiring an additional 81 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Down 1.0 %

Shares of NYSE AFG opened at $137.09 on Wednesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19. The stock has a market capitalization of $11.51 billion, a P/E ratio of 12.85 and a beta of 0.83. The company has a 50-day moving average price of $138.50 and a 200-day moving average price of $134.57.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate of $2.51 by ($0.20). The company had revenue of $2.06 billion during 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%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. On average, equities research analysts forecast that American Financial Group, Inc. will post 10.74 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s dividend payout ratio is 29.99%.

Analysts Set New Price Targets

AFG has been the topic of several research reports. BMO Capital Markets upped 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 report on Friday, November 15th. Piper Sandler upped their price target on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods cut their price target on American Financial Group from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 10th.

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.