Envestnet Asset Management Inc. Has $7.37 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Envestnet Asset Management Inc. increased its position in American Financial Group, Inc. (NYSE:AFG) by 4.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 53,834 shares of the insurance provider’s stock after buying an additional 2,474 shares during the quarter. Envestnet Asset Management Inc. owned 0.06% of American Financial Group worth $7,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after buying an additional 158 shares during the period. Jones Financial Companies Lllp raised its position in shares of American Financial Group by 91.2% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 248 shares during the last quarter. Allworth Financial LP lifted its stake in shares of American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 527 shares during the period. GAMMA Investing LLC boosted its holdings in American Financial Group by 31.6% in the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 254 shares during the last quarter. Finally, Nicolet Advisory Services LLC acquired a new stake in American Financial Group during the 4th quarter valued at approximately $212,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Activity at American Financial Group

In other news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of $121.00 per share, with a total value of $363,000.00. Following the acquisition, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.40% of the stock is owned by insiders.

American Financial Group Stock Performance

AFG stock opened at $128.03 on Monday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $10.71 billion, a PE ratio of 12.11 and a beta of 0.59. The business has a 50 day moving average of $125.44 and a 200-day moving average of $132.67. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, sell-side analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th will be paid a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.50%. American Financial Group’s dividend payout ratio (DPR) is 30.27%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods dropped their target price on shares of American Financial Group from $144.00 to $126.00 and set a “market perform” rating on the stock in a report on Wednesday, April 9th.

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.