Fjarde AP Fonden Fourth Swedish National Pension Fund Raises Position in American Financial Group, Inc. $AFG

Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in American Financial Group, Inc. (NYSE:AFG) by 57.2% during the fourth quarter, Holdings Channel reports. The fund owned 22,258 shares of the insurance provider’s stock after acquiring an additional 8,100 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Financial Group were worth $3,042,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AFG. JB Capital LLC increased its holdings in shares of American Financial Group by 2.1% in the fourth quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock worth $583,000 after buying an additional 89 shares during the period. EverSource Wealth Advisors LLC increased its holdings in shares of American Financial Group by 11.5% in the third quarter. EverSource Wealth Advisors LLC now owns 884 shares of the insurance provider’s stock worth $129,000 after buying an additional 91 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of American Financial Group by 12.1% in the third quarter. Jones Financial Companies Lllp now owns 863 shares of the insurance provider’s stock worth $125,000 after buying an additional 93 shares during the period. Larson Financial Group LLC increased its holdings 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 worth $621,000 after buying an additional 98 shares during the period. Finally, Intrust Bank NA increased its holdings in shares of American Financial Group by 3.6% in the third quarter. Intrust Bank NA now owns 2,935 shares of the insurance provider’s stock worth $428,000 after buying an additional 102 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Down 1.0%

NYSE AFG opened at $131.13 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $10.90 billion, a PE ratio of 12.46 and a beta of 0.64. American Financial Group, Inc. has a 1 year low of $121.75 and a 1 year high of $150.02. The business’s 50-day moving average is $131.54 and its 200 day moving average is $131.97.

American Financial Group (NYSE:AFG) last posted its earnings results 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). The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The firm’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.81 earnings per share. Sell-side analysts forecast that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, April 15th. American Financial Group’s payout ratio is presently 33.46%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings upgraded American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Wells Fargo & Company raised their target price on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Piper Sandler raised 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. Finally, Keefe, Bruyette & Woods raised their target price on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, American Financial Group currently has a consensus 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.