Resonant Capital Advisors LLC Has $671,000 Holdings in American Financial Group, Inc. (NYSE:AFG)

Resonant Capital Advisors LLC increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 6.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,457 shares of the insurance provider’s stock after acquiring an additional 338 shares during the period. Resonant Capital Advisors LLC’s holdings in American Financial Group were worth $671,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Natixis Advisors LLC boosted its holdings in American Financial Group by 6.0% during the second quarter. Natixis Advisors LLC now owns 17,385 shares of the insurance provider’s stock worth $2,139,000 after purchasing an additional 991 shares during the last quarter. nVerses Capital LLC boosted its holdings in American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after purchasing an additional 400 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in American Financial Group by 62.8% during the second quarter. Farther Finance Advisors LLC now owns 5,131 shares of the insurance provider’s stock worth $631,000 after purchasing an additional 1,980 shares during the last quarter. Confluence Wealth Services Inc. boosted its holdings in American Financial Group by 15.1% during the second quarter. Confluence Wealth Services Inc. now owns 7,048 shares of the insurance provider’s stock worth $867,000 after purchasing an additional 923 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in American Financial Group by 3.4% during the second quarter. Van ECK Associates Corp now owns 10,756 shares of the insurance provider’s stock worth $1,323,000 after purchasing an additional 356 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Activity

In related news, Director Amy Y. Murray acquired 1,200 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of $125.17 per share, with a total value of $150,204.00. Following the completion of the transaction, the director now directly owns 1,200 shares of the company’s stock, valued at $150,204. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 14.50% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup lowered shares of American Financial Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $144.00 to $137.00 in a research report on Friday, June 28th. Piper Sandler upped their price target 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. 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, American Financial Group has an average rating of “Hold” and an average target price of $131.75.

American Financial Group Stock Performance

NYSE AFG opened at $133.62 on Tuesday. The firm has a market capitalization of $11.21 billion, a P/E ratio of 12.79 and a beta of 0.78. The firm’s fifty day moving average price is $126.92 and its two-hundred day moving average price is $128.34. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $137.71. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.11. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.38 earnings per share. As a group, research analysts anticipate that American Financial Group, Inc. will post 10.96 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Monday, July 15th. American Financial Group’s payout ratio is presently 27.18%.

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.