19,431 Shares in American Financial Group, Inc. (NYSE:AFG) Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,431 shares of the insurance provider’s stock, valued at approximately $2,661,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC raised its position in shares of American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after purchasing an additional 202,522 shares during the period. State Street Corp grew its stake in American Financial Group by 4.0% in the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after buying an additional 104,172 shares in the last quarter. Geode Capital Management LLC raised 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. Fort Washington Investment Advisors Inc. OH lifted its position in shares of American Financial Group by 0.6% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 607,677 shares of the insurance provider’s stock worth $83,209,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of American Financial Group by 8.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock worth $67,719,000 after acquiring an additional 39,623 shares during the period. Institutional investors own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Financial Group Trading Up 0.4 %

Shares of AFG stock opened at $120.30 on Tuesday. The company has a market capitalization of $10.10 billion, a PE ratio of 11.38 and a beta of 0.83. American Financial Group, Inc. has a 52-week low of $118.97 and a 52-week high of $150.19. The business’s fifty day moving average is $132.44 and its 200 day moving average is $134.62. 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 (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 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.66%. American Financial Group’s dividend payout ratio is presently 30.27%.

Insiders Place Their Bets

In other news, Director Gregory G. Joseph purchased 3,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 14.50% of the company’s stock.

About American Financial Group

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.