2,567 Shares in American Financial Group, Inc. (NYSE:AFG) Acquired by Scissortail Wealth Management LLC

Scissortail Wealth Management LLC bought a new position in American Financial Group, Inc. (NYSE:AFG) in the fourth quarter, Holdings Channel reports. The firm bought 2,567 shares of the insurance provider’s stock, valued at approximately $311,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. VisionPoint Advisory Group LLC lifted its stake in American Financial Group by 132.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 155 shares during the period. Money Concepts Capital Corp purchased a new stake in American Financial Group in the 4th quarter worth $35,000. Ronald Blue Trust Inc. increased its holdings in American Financial Group by 44.8% in the 3rd quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 100 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in American Financial Group during the 4th quarter worth $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in American Financial Group during the 3rd quarter worth $52,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Citigroup boosted their price target on shares of American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Piper Sandler reissued a “neutral” rating and set a $129.00 price target on shares of American Financial Group in a research report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $133.50.

Insiders Place Their Bets

In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total value of $135,455.65. Following the sale, the chief financial officer now directly owns 10,583 shares of the company’s stock, valued at approximately $1,343,511.85. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CFO Brian S. Hertzman sold 1,067 shares of American Financial Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $126.95, for a total value of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares of the company’s stock, valued at approximately $1,343,511.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Evans sold 2,274 shares of American Financial Group stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total value of $292,527.36. Following the completion of the transaction, the director now directly owns 105,302 shares in the company, valued at $13,546,049.28. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,843 shares of company stock valued at $1,854,746. Insiders own 14.50% of the company’s stock.

American Financial Group Trading Up 0.6 %

Shares of AFG stock traded up $0.77 on Wednesday, hitting $126.93. 401,197 shares of the stock traded hands, compared to its average volume of 253,496. The firm’s 50-day moving average price is $128.67 and its two-hundred day moving average price is $119.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $10.64 billion, a PE ratio of 12.63 and a beta of 0.79. American Financial Group, Inc. has a twelve month low of $105.22 and a twelve month high of $137.71.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.99 EPS. As a group, analysts anticipate that American Financial Group, Inc. will post 10.99 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, April 15th will be paid a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Friday, April 12th. American Financial Group’s payout ratio is 28.26%.

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.