American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 7,616.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 926 shares of the insurance provider’s stock after acquiring an additional 914 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Financial Group were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Assenagon Asset Management S.A. raised its position in shares of American Financial Group by 1,804.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 96,652 shares of the insurance provider’s stock worth $11,491,000 after purchasing an additional 91,577 shares during the last quarter. Boston Trust Walden Corp raised its holdings in shares of American Financial Group by 5.0% in the fourth quarter. Boston Trust Walden Corp now owns 417,924 shares of the insurance provider’s stock worth $49,687,000 after acquiring an additional 19,867 shares during the last quarter. Tudor Investment Corp Et Al lifted its position in shares of American Financial Group by 1,096.3% in the third quarter. Tudor Investment Corp Et Al now owns 20,481 shares of the insurance provider’s stock valued at $2,287,000 after acquiring an additional 18,769 shares in the last quarter. Qsemble Capital Management LP acquired a new stake in shares of American Financial Group during the third quarter valued at $692,000. Finally, Northern Trust Corp increased its position in American Financial Group by 4.0% during the 3rd quarter. Northern Trust Corp now owns 635,387 shares of the insurance provider’s stock worth $70,954,000 after purchasing an additional 24,630 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

American Financial Group stock opened at $127.34 on Monday. The stock has a fifty day moving average price of $129.68 and a 200 day moving average price of $120.61. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.71. The firm has a market capitalization of $10.68 billion, a P/E ratio of 12.67 and a beta of 0.79. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35.

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

American Financial Group Announces Dividend

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

Insiders Place Their Bets

In other American Financial Group news, Director James E. Evans sold 2,274 shares of American Financial Group stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $128.64, for a total value of $292,527.36. Following the transaction, the director now owns 105,302 shares in the company, valued at approximately $13,546,049.28. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other American Financial Group news, Director James E. Evans sold 2,274 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $128.64, for a total transaction of $292,527.36. Following the completion of the sale, the director now directly owns 105,302 shares in the company, valued at $13,546,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Mark A. Weiss sold 2,500 shares of American Financial Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total value of $317,650.00. Following the completion of the transaction, the vice president now directly owns 7,553 shares in the company, valued at $959,684.18. The disclosure for this sale can be found here. Insiders have sold a total of 14,843 shares of company stock valued at $1,854,746 over the last quarter. Company insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Piper Sandler restated a “neutral” rating and issued a $129.00 target price on shares of American Financial Group in a report on Monday, April 1st. Citigroup boosted their price objective 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $133.50.

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.