UBS Group AG Boosts Holdings in American Financial Group, Inc. (NYSE:AFG)

UBS Group AG boosted its holdings in shares of American Financial Group, Inc. (NYSE:AFGFree Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 110,503 shares of the insurance provider’s stock after buying an additional 1,998 shares during the quarter. UBS Group AG owned approximately 0.13% of American Financial Group worth $13,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. VisionPoint Advisory Group LLC increased its stake in shares of American Financial Group by 132.5% in the 3rd 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. Arlington Trust Co LLC purchased a new stake in American Financial Group in the fourth quarter worth about $42,000. Itau Unibanco Holding S.A. bought a new position in shares of American Financial Group in the third quarter worth about $52,000. GAMMA Investing LLC purchased a new position in shares of American Financial Group during the 4th quarter valued at about $53,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of American Financial Group by 7,616.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 914 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Trading Up 1.7 %

AFG stock opened at $129.82 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a 1-year low of $105.22 and a 1-year high of $137.71. The business has a 50 day simple moving average of $130.31 and a two-hundred day simple moving average of $124.02. The company has a market capitalization of $10.89 billion, a price-to-earnings ratio of 12.42 and a beta of 0.79.

American Financial Group (NYSE:AFGGet Free Report) last issued its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $0.06. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. During the same quarter in the prior year, the business earned $2.89 earnings per share. Research analysts anticipate that American Financial Group, Inc. will post 10.94 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were given a $0.71 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.19%. American Financial Group’s dividend payout ratio is currently 27.18%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AFG. Piper Sandler lifted their price target on shares of American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Citigroup upped their target price on shares of American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $135.00.

Get Our Latest Research Report on American Financial Group

Insider Activity at American Financial Group

In other news, Director James E. Evans sold 2,274 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $128.64, for a total transaction of $292,527.36. Following the sale, the director now directly owns 105,302 shares of the company’s stock, valued at approximately $13,546,049.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.50% of the stock is owned by corporate insiders.

American Financial Group Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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