6,311 Shares in American Financial Group, Inc. $AFG Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in shares of American Financial Group, Inc. (NYSE:AFG) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 6,311 shares of the insurance provider’s stock, valued at approximately $863,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC grew its stake in American Financial Group by 904.8% during the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after buying an additional 190 shares during the last quarter. Clearstead Advisors LLC grew its stake in American Financial Group by 87.7% during the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after buying an additional 121 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in American Financial Group by 165.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 273 shares of the insurance provider’s stock worth $39,000 after buying an additional 170 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in American Financial Group during the 3rd quarter worth $44,000. Finally, Los Angeles Capital Management LLC purchased a new position in American Financial Group during the 4th quarter worth $45,000. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

Shares of AFG stock opened at $132.72 on Thursday. The stock has a market cap of $11.03 billion, a PE ratio of 12.62 and a beta of 0.64. The business has a 50-day simple moving average of $131.77 and a 200-day simple moving average of $131.90. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. American Financial Group, Inc. has a 52-week low of $121.98 and a 52-week high of $150.02.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the firm earned $1.81 EPS. The business’s quarterly revenue was down .1% compared to the same quarter last year. On average, equities analysts expect that American Financial Group, Inc. will post 11.37 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, April 15th. American Financial Group’s payout ratio is currently 33.46%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AFG shares. Piper Sandler boosted their target price on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Wells Fargo & Company lifted their price target on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 6th. Keefe, Bruyette & Woods lifted their price target on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 25th. Finally, Weiss Ratings raised American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $145.00.

American Financial Group Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.