4,541 Shares in American Financial Group, Inc. $AFG Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. purchased a new stake in American Financial Group, Inc. (NYSE:AFG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,541 shares of the insurance provider’s stock, valued at approximately $635,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cassaday & Co Wealth Management LLC purchased a new stake in shares of American Financial Group during the 1st quarter worth approximately $26,000. Global Retirement Partners LLC boosted its holdings in shares of American Financial Group by 904.8% in the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after buying an additional 190 shares in the last quarter. Clearstead Advisors LLC grew its position in shares of American Financial Group by 87.7% in the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock valued at $35,000 after buying an additional 121 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of American Financial Group in the 4th quarter valued at $45,000. Finally, CIBC Private Wealth Group LLC raised its stake in American Financial Group by 86.1% during the 4th quarter. CIBC Private Wealth Group LLC now owns 376 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 174 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total value of $1,535,518.50. Following the transaction, the insider owned 584,098 shares of the company’s stock, valued at approximately $78,882,434.90. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Mark A. Weiss sold 2,813 shares of the company’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $144.76, for a total value of $407,209.88. Following the sale, the vice president owned 6,648 shares of the company’s stock, valued at $962,364.48. This trade represents a 29.73% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 16,430 shares of company stock valued at $2,255,061. 16.90% of the stock is owned by company insiders.

American Financial Group Trading Up 0.2%

NYSE AFG opened at $146.51 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.49 and a current ratio of 0.49. The firm has a market cap of $12.15 billion, a PE ratio of 12.81 and a beta of 0.62. American Financial Group, Inc. has a one year low of $123.09 and a one year high of $150.02. The firm’s fifty day moving average is $140.37 and its two-hundred day moving average is $134.03.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.32 by $0.50. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The business had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the prior year, the company earned $2.14 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. Analysts expect that American Financial Group, Inc. will post 11.73 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 15th were paid a dividend of $0.88 per share. The ex-dividend date of this dividend was Wednesday, July 15th. This represents a $3.52 annualized dividend and a yield of 2.4%. American Financial Group’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

AFG has been the subject of a number of research reports. Piper Sandler boosted their price target on shares of American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings upgraded American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company boosted their target price on American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Wall Street Zen raised American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Keefe, Bruyette & Woods raised their price target on American Financial Group from $148.00 to $153.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $156.00.

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.