Fifth Third Wealth Advisors LLC Buys Shares of 2,243 American Financial Group, Inc. (NYSE:AFG)

Fifth Third Wealth Advisors LLC purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,243 shares of the insurance provider’s stock, valued at approximately $276,000.

A number of other institutional investors also recently modified their holdings of the company. Retirement Systems of Alabama raised its position in shares of American Financial Group by 7.8% in the 4th quarter. Retirement Systems of Alabama now owns 170,743 shares of the insurance provider’s stock worth $20,300,000 after acquiring an additional 12,392 shares in the last quarter. Crestline Management LP bought a new stake in American Financial Group in the fourth quarter worth approximately $2,972,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of American Financial Group by 13.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock valued at $5,145,000 after acquiring an additional 4,420 shares in the last quarter. Hengehold Capital Management LLC boosted its position in shares of American Financial Group by 40.0% during the 1st quarter. Hengehold Capital Management LLC now owns 25,532 shares of the insurance provider’s stock worth $3,485,000 after purchasing an additional 7,295 shares in the last quarter. Finally, Vident Advisory LLC grew its stake in shares of American Financial Group by 360.7% in the 1st quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after buying an additional 21,261 shares during the period. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Down 0.0 %

NYSE AFG traded down $0.03 on Thursday, reaching $130.01. The company had a trading volume of 5,179 shares, compared to its average volume of 298,536. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. The company’s fifty day moving average is $125.92 and its 200 day moving average is $127.70. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week high of $137.71. The stock has a market capitalization of $10.90 billion, a P/E ratio of 12.45 and a beta of 0.78.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The company had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same period last year, the firm earned $2.38 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts anticipate that American Financial Group, Inc. will post 10.97 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.18%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio is presently 27.18%.

Analyst Ratings Changes

A number of equities research analysts have commented on AFG shares. Piper Sandler raised their price objective 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 downgraded shares of American Financial Group from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $144.00 to $137.00 in a report on Friday, June 28th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $131.75.

Insider Activity at American Financial Group

In other American Financial Group news, Director Amy Y. Murray acquired 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $125.17 per share, for a total transaction of $150,204.00. Following the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at $150,204. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 14.50% of the stock is currently owned by company 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.