American Financial Group, Inc. (NYSE:AFG) Position Boosted by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its holdings in American Financial Group, Inc. (NYSE:AFG) by 4.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,370 shares of the insurance provider’s stock after buying an additional 3,388 shares during the quarter. Mutual of America Capital Management LLC owned about 0.09% of American Financial Group worth $10,559,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AFG. Norges Bank bought a new position in American Financial Group in the 4th quarter worth approximately $97,304,000. Victory Capital Management Inc. grew its holdings in American Financial Group by 5.2% in the 4th quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock worth $456,359,000 after buying an additional 191,269 shares in the last quarter. Bahl & Gaynor Inc. grew its holdings in American Financial Group by 63.1% in the 4th quarter. Bahl & Gaynor Inc. now owns 423,162 shares of the insurance provider’s stock worth $50,310,000 after buying an additional 163,671 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in American Financial Group by 1,804.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 96,652 shares of the insurance provider’s stock valued at $11,491,000 after purchasing an additional 91,577 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in American Financial Group by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock valued at $925,563,000 after purchasing an additional 81,293 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Price Performance

Shares of AFG traded up $1.32 during trading hours on Tuesday, hitting $122.22. 48,252 shares of the company were exchanged, compared to its average volume of 307,303. The company has a market capitalization of $10.25 billion, a PE ratio of 11.57 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a fifty day simple moving average of $127.38 and a 200-day simple moving average of $126.03. American Financial Group, Inc. has a one year low of $105.22 and a one year high of $137.71.

American Financial Group (NYSE:AFG) last released its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $0.06. The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. During the same quarter in the prior year, the company earned $2.89 earnings per share. As a group, sell-side analysts predict that American Financial Group, Inc. will post 10.94 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, July 15th will be issued a $0.71 dividend. The ex-dividend date of this dividend is Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.32%. American Financial Group’s payout ratio is currently 27.18%.

Insider Buying and Selling

In other news, Director Amy Y. Murray acquired 1,200 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average cost of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at $150,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on AFG. Piper Sandler increased their price target on American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Citigroup lowered American Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the company from $144.00 to $137.00 in a research note on Friday, June 28th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $131.75.

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.