Wells Fargo & Company MN Has $9.32 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Wells Fargo & Company MN grew its position in American Financial Group, Inc. (NYSE:AFGFree Report) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 78,387 shares of the insurance provider’s stock after buying an additional 460 shares during the quarter. Wells Fargo & Company MN owned 0.09% of American Financial Group worth $9,319,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in AFG. VisionPoint Advisory Group LLC raised its position in American Financial Group by 132.5% during the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after purchasing an additional 155 shares in the last quarter. Arlington Trust Co LLC bought a new position in shares of American Financial Group in the fourth quarter worth about $42,000. GAMMA Investing LLC acquired a new stake in shares of American Financial Group in the 4th quarter valued at approximately $53,000. Itau Unibanco Holding S.A. acquired a new position in American Financial Group during the 3rd quarter worth approximately $52,000. Finally, Allspring Global Investments Holdings LLC increased its position in 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 worth $110,000 after purchasing an additional 914 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of AFG stock opened at $127.94 on Wednesday. The stock has a market capitalization of $10.73 billion, a PE ratio of 12.24 and a beta of 0.79. The business’s 50 day simple moving average is $130.08 and its 200 day simple moving average is $124.47. 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 one year low of $105.22 and a one year high of $137.71.

American Financial Group (NYSE:AFGGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.06. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. The company had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period in the prior year, the firm posted $2.89 EPS. As a group, research analysts forecast that American Financial Group, Inc. will post 10.94 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were given a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Friday, April 12th. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

Wall Street Analysts Forecast Growth

AFG has been the subject of a number of recent research reports. Citigroup upped their target price on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Piper Sandler boosted their target price on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $135.00.

Read Our Latest Stock Report on American Financial Group

Insider Activity

In related news, Director James E. Evans sold 2,274 shares of the firm’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 completion of the sale, the director now owns 105,302 shares of the company’s stock, valued at $13,546,049.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 14.50% of the stock is owned by company 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.

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

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