Yousif Capital Management LLC Has $3.78 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Yousif Capital Management LLC trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 0.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,796 shares of the insurance provider’s stock after selling 176 shares during the quarter. Yousif Capital Management LLC’s holdings in American Financial Group were worth $3,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. FMR LLC grew its position in American Financial Group by 16.1% in the third quarter. FMR LLC now owns 4,710,065 shares of the insurance provider’s stock worth $525,973,000 after acquiring an additional 654,442 shares in the last quarter. Bahl & Gaynor Inc. boosted its holdings in American Financial Group by 447.1% in the third quarter. Bahl & Gaynor Inc. now owns 259,491 shares of the insurance provider’s stock worth $28,977,000 after purchasing an additional 212,057 shares in the last quarter. Assenagon Asset Management S.A. increased its position in American Financial Group by 1,804.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,652 shares of the insurance provider’s stock worth $11,491,000 after buying an additional 91,577 shares during the last quarter. Vanguard Group Inc. raised its holdings in American Financial Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 8,288,375 shares of the insurance provider’s stock valued at $925,563,000 after buying an additional 81,293 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of American Financial Group by 7.2% in the third quarter. Wellington Management Group LLP now owns 838,468 shares of the insurance provider’s stock worth $93,632,000 after buying an additional 56,267 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE:AFG opened at $127.34 on Friday. The firm’s 50-day moving average is $129.68 and its 200-day moving average is $120.54. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 12.67 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.47 and a current ratio of 0.47. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week high of $137.71.

American Financial Group (NYSE:AFG) last posted 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. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The firm had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.67 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities research analysts anticipate that American Financial Group, Inc. will post 10.99 earnings per share for the current year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were paid a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date was Friday, April 12th. American Financial Group’s dividend payout ratio is 28.26%.

Insider Buying and Selling at American Financial Group

In related news, SVP Michelle A. Gillis sold 5,176 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the transaction, the senior vice president now owns 45,372 shares in the company, valued at approximately $5,490,012. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Mark A. Weiss sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the completion of the sale, the vice president now owns 7,553 shares of the company’s stock, valued at $959,684.18. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total value of $626,296.00. Following the completion of the transaction, the senior vice president now directly owns 45,372 shares in the company, valued at $5,490,012. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,843 shares of company stock valued at $1,854,746. 14.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler reissued a “neutral” rating and issued a $129.00 price objective on shares of American Financial Group in a research note on Monday, April 1st. Citigroup lifted their price target on shares of American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $133.50.

About American Financial Group

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.