American Financial Group, Inc. (NYSE:AFG) Shares Acquired by Amalgamated Bank

Amalgamated Bank boosted its position in American Financial Group, Inc. (NYSE:AFG) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,506 shares of the insurance provider’s stock after purchasing an additional 124 shares during the period. Amalgamated Bank’s holdings in American Financial Group were worth $4,725,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in shares of American Financial Group by 26.2% in the fourth quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock valued at $136,566,000 after buying an additional 207,285 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in American Financial Group in the fourth quarter worth about $2,661,000. Allianz Asset Management GmbH lifted its holdings in American Financial Group by 7.8% in the 4th quarter. Allianz Asset Management GmbH now owns 262,014 shares of the insurance provider’s stock valued at $35,878,000 after acquiring an additional 18,938 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of American Financial Group by 10.0% during the 4th quarter. Handelsbanken Fonder AB now owns 17,600 shares of the insurance provider’s stock valued at $2,410,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Allworth Financial LP boosted its position in shares of American Financial Group by 301.1% during the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after purchasing an additional 527 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and cut their target price for the company from $164.00 to $144.00 in a research note on Friday, February 7th. Piper Sandler upped their price target on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Finally, BMO Capital Markets raised their price objective on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th.

Insider Activity

In related news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the transaction, the director now owns 57,477 shares of the company’s stock, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 14.50% of the stock is owned by corporate insiders.

American Financial Group Stock Up 1.8 %

AFG stock opened at $125.18 on Friday. The company’s 50 day simple moving average is $131.89 and its 200-day simple moving average is $134.50. American Financial Group, Inc. has a 52-week low of $118.97 and a 52-week high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market capitalization of $10.51 billion, a P/E ratio of 11.84 and a beta of 0.83.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were issued 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 dividend yield of 2.56%. American Financial Group’s dividend payout ratio is 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.