American Financial Group, Inc. (NYSE:AFG) Shares Acquired by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 5.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 56,683 shares of the insurance provider’s stock after purchasing an additional 2,993 shares during the quarter. Nisa Investment Advisors LLC owned about 0.07% of American Financial Group worth $6,739,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in AFG. VisionPoint Advisory Group LLC lifted its position in shares of American Financial Group by 132.5% during the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 155 shares in the last quarter. Money Concepts Capital Corp acquired a new stake in American Financial Group in the fourth quarter valued at approximately $35,000. Ronald Blue Trust Inc. raised its holdings in American Financial Group by 44.8% in the third quarter. Ronald Blue Trust Inc. now owns 323 shares of the insurance provider’s stock valued at $39,000 after acquiring an additional 100 shares in the last quarter. Arlington Trust Co LLC acquired a new stake in American Financial Group in the fourth quarter valued at approximately $42,000. Finally, Itau Unibanco Holding S.A. acquired a new stake in American Financial Group in the third quarter valued at approximately $52,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on AFG shares. Piper Sandler reaffirmed a “neutral” rating and issued a $129.00 target price on shares of American Financial Group in a report on Monday, April 1st. Citigroup raised their target price on shares of American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, March 25th. Finally, Janney Montgomery Scott started coverage on shares of American Financial Group in a report on Thursday, December 14th. They issued a “buy” rating and a $135.00 target price on the stock. 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 company presently has an average rating of “Hold” and an average price target of $133.50.

Insider Buying and Selling at American Financial Group

In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the transaction, the senior vice president now directly owns 45,372 shares in the company, valued at $5,490,012. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Michelle A. Gillis sold 5,176 shares of American Financial Group stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the transaction, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lehman John I. Von sold 1,773 shares of American Financial Group stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total transaction of $222,476.04. Following the completion of the transaction, the director now directly owns 12,343 shares in the company, valued at $1,548,799.64. The disclosure for this sale can be found here. Insiders have sold 14,843 shares of company stock worth $1,854,746 over the last three months. Insiders own 14.60% of the company’s stock.

American Financial Group Stock Performance

Shares of American Financial Group stock opened at $129.27 on Thursday. The firm has a market capitalization of $10.84 billion, a P/E ratio of 12.86 and a beta of 0.79. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.71. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.35. The firm’s 50 day moving average is $128.11 and its two-hundred day moving average is $119.20.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, beating the consensus estimate of $2.81 by $0.03. The company had revenue of $1.73 billion for the quarter, compared to analyst estimates of $1.67 billion. American Financial Group had a net margin of 10.89% and a return on equity of 22.14%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. Research analysts forecast that American Financial Group, Inc. will post 11.02 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, April 12th. This represents a $2.84 annualized dividend and a yield of 2.20%. American Financial Group’s dividend payout ratio is currently 28.26%.

American Financial Group 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.