Y Intercept Hong Kong Ltd Takes Position in American Financial Group, Inc. (NYSE:AFG)

Y Intercept Hong Kong Ltd bought a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 19,431 shares of the insurance provider’s stock, valued at approximately $2,661,000.

A number of other large investors also recently added to or reduced their stakes in AFG. FMR LLC boosted its position in American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after buying an additional 202,522 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of American Financial Group by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock valued at $44,832,000 after acquiring an additional 146,237 shares during the last quarter. Geode Capital Management LLC boosted its holdings in American Financial Group by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares during the period. State Street Corp grew its position in American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after acquiring an additional 104,172 shares during the last quarter. Finally, KBC Group NV increased its stake in American Financial Group by 234.2% in the 4th quarter. KBC Group NV now owns 72,877 shares of the insurance provider’s stock worth $9,979,000 after purchasing an additional 51,070 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on AFG shares. BMO Capital Markets increased their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday, November 15th. Piper Sandler increased their price target on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $164.00 to $144.00 in a report on Friday, February 7th.

American Financial Group Price Performance

Shares of AFG stock opened at $120.30 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The firm 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 price is $132.44 and its 200-day moving average price is $134.62.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share 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 research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently declared 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 annualized dividend and a dividend yield of 2.66%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s dividend payout ratio is currently 30.27%.

Insider Buying and Selling

In other news, Director Gregory G. Joseph bought 3,000 shares of American Financial Group stock in a transaction on Thursday, February 20th. The shares were purchased at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the acquisition, the director now owns 57,477 shares of the company’s stock, valued at approximately $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 14.50% of the stock is owned by insiders.

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.