American Financial Group, Inc. (NYSE:AFG) Stock Position Raised by Horan Securities Inc.

Horan Securities Inc. increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,595 shares of the insurance provider’s stock after acquiring an additional 81 shares during the quarter. Horan Securities Inc.’s holdings in American Financial Group were worth $355,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. UMB Bank n.a. raised its position in shares of American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 158 shares during the period. Jones Financial Companies Lllp increased its position in American Financial Group by 91.2% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after buying an additional 248 shares during the period. Allworth Financial LP increased its position in American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock worth $94,000 after buying an additional 527 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of American Financial Group during the third quarter valued at $125,000. Finally, Brooklyn Investment Group bought a new position in shares of American Financial Group during the third quarter worth about $130,000. Institutional investors own 64.37% of the company’s stock.

Insider Activity

In other news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the acquisition, the director now directly owns 57,477 shares of the company’s stock, valued at $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AFG has been the topic of several recent research reports. Piper Sandler lifted their price objective 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. Keefe, Bruyette & Woods downgraded American Financial Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $164.00 to $144.00 in a research report on Friday, February 7th. Finally, BMO Capital Markets raised their target price on 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.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $127.12 on Friday. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 12.03 and a beta of 0.79. 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 12 month low of $118.97 and a 12 month high of $150.19. The stock’s 50 day moving average price is $130.40 and its 200 day moving average price is $134.46.

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 analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Equities research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. 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.