American Financial Group, Inc. $AFG Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 281.1% during the 1st quarter, HoldingsChannel reports. The fund owned 28,243 shares of the insurance provider’s stock after purchasing an additional 20,832 shares during the period. Y Intercept Hong Kong Ltd’s holdings in American Financial Group were worth $3,607,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Steph & Co. increased its stake in shares of American Financial Group by 11.5% in the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 81 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in American Financial Group by 4.4% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock valued at $252,000 after purchasing an additional 83 shares during the period. JB Capital LLC grew its holdings in American Financial Group by 2.1% in the fourth quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock valued at $583,000 after purchasing an additional 89 shares during the period. Larson Financial Group LLC increased its position in shares of American Financial Group by 2.2% in the fourth quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock valued at $621,000 after buying an additional 98 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of American Financial Group by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 9,030 shares of the insurance provider’s stock worth $1,234,000 after buying an additional 100 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Price Performance

AFG traded up $1.90 during trading on Tuesday, reaching $143.93. The company’s stock had a trading volume of 70,548 shares, compared to its average volume of 578,740. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $134.14 and a two-hundred day simple moving average of $132.12. The company has a market cap of $11.96 billion, a price-to-earnings ratio of 13.68 and a beta of 0.62. American Financial Group, Inc. has a 1 year low of $122.11 and a 1 year high of $150.02.

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

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, July 15th. This represents a $3.52 annualized dividend and a dividend yield of 2.4%. American Financial Group’s payout ratio is presently 33.46%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AFG shares. Piper Sandler increased their target price on American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Wells Fargo & Company upped their price target on shares of 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 objective on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a report on Wednesday, March 25th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a research note on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, American Financial Group has a consensus rating of “Hold” and an average target price of $145.00.

Insider Transactions at American Financial Group

In related news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total transaction of $1,535,518.50. Following the completion of the sale, the insider directly owned 584,098 shares in the company, valued at approximately $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Michelle A. Gillis sold 2,247 shares of American Financial Group stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $139.00, for a total transaction of $312,333.00. Following the transaction, the senior vice president directly owned 13,135 shares in the company, valued at $1,825,765. This trade represents a 14.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 16.90% of the company’s stock.

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.