Allworth Financial LP Has $94,000 Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Allworth Financial LP raised its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 301.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 702 shares of the insurance provider’s stock after buying an additional 527 shares during the period. Allworth Financial LP’s holdings in American Financial Group were worth $94,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. raised its position 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 valued at $47,000 after acquiring an additional 158 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of American Financial Group during the 3rd quarter worth $125,000. Brooklyn Investment Group bought a new stake in American Financial Group in the third quarter worth $130,000. GAMMA Investing LLC increased its position in American Financial Group by 31.6% during the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock worth $145,000 after buying an additional 254 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in American Financial Group by 270.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,156 shares of the insurance provider’s stock worth $156,000 after buying an additional 844 shares during the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on AFG shares. Keefe, Bruyette & Woods downgraded American Financial Group from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $164.00 to $144.00 in a research note on Friday, February 7th. BMO Capital Markets lifted their price target on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Finally, Piper Sandler upped their price objective 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.

Insider Activity at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was bought at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the purchase, the director now owns 57,477 shares in the company, valued at $6,954,717. This represents a 5.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 14.50% of the company’s stock.

American Financial Group Stock Performance

Shares of NYSE AFG opened at $120.30 on Tuesday. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The company has a market cap of $10.10 billion, a P/E ratio of 11.38 and a beta of 0.83. The business’s 50 day moving average is $132.44 and its two-hundred day moving average is $134.62. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, equities analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s dividend payout ratio (DPR) is presently 30.27%.

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.