Campbell & CO Investment Adviser LLC Purchases New Stake in American Financial Group, Inc. (NYSE:AFG)

Campbell & CO Investment Adviser LLC acquired a new position in American Financial Group, Inc. (NYSE:AFGFree Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,075 shares of the insurance provider’s stock, valued at approximately $603,000.

Other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC lifted its position in shares of American Financial Group by 9.0% in the third quarter. Janney Montgomery Scott LLC now owns 34,070 shares of the insurance provider’s stock worth $3,805,000 after purchasing an additional 2,815 shares in the last quarter. Van ECK Associates Corp lifted its position in American Financial Group by 3.5% in the 3rd quarter. Van ECK Associates Corp now owns 9,285 shares of the insurance provider’s stock worth $1,037,000 after buying an additional 311 shares in the last quarter. Pathstone Family Office LLC boosted its stake in shares of American Financial Group by 67.2% during the 3rd quarter. Pathstone Family Office LLC now owns 5,270 shares of the insurance provider’s stock valued at $589,000 after buying an additional 2,118 shares during the period. HighTower Advisors LLC grew its holdings in shares of American Financial Group by 7.2% during the 3rd quarter. HighTower Advisors LLC now owns 24,796 shares of the insurance provider’s stock valued at $2,769,000 after acquiring an additional 1,657 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its holdings in shares of American Financial Group by 21.6% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 17,430 shares of the insurance provider’s stock worth $1,946,000 after acquiring an additional 3,095 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Down 0.4 %

AFG opened at $128.15 on Friday. The company has a market capitalization of $10.75 billion, a P/E ratio of 12.26 and a beta of 0.79. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46. The firm’s fifty day moving average price is $129.58 and its two-hundred day moving average price is $124.76. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.71.

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

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were issued a dividend of $0.71 per share. 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 payout ratio is 27.18%.

Analyst Ratings Changes

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

View Our Latest Stock Report on American Financial Group

Insider Activity

In related news, Director James E. Evans sold 2,274 shares of the 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 in the company, valued at approximately $13,546,049.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.50% of the stock is currently owned by corporate insiders.

About American Financial Group

(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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