Values First Advisors Inc. Has $1.84 Million Position in American Financial Group, Inc. (NYSE:AFG)

Values First Advisors Inc. decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,925 shares of the insurance provider’s stock after selling 1,025 shares during the period. Values First Advisors Inc.’s holdings in American Financial Group were worth $1,836,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in AFG. Covestor Ltd lifted its stake in shares of American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 346 shares during the period. Blue Trust Inc. raised its position in shares of American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 133 shares during the period. GAMMA Investing LLC bought a new position in American Financial Group during the 4th quarter worth approximately $53,000. Abich Financial Wealth Management LLC grew its holdings in American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its position in shares of American Financial Group by 7,616.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after buying an additional 914 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Amy Y. Murray purchased 1,200 shares of the business’s stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at approximately $150,204. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on AFG shares. Piper Sandler lifted their price objective on American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a report on Monday, May 6th. Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and cut their price objective for the company from $144.00 to $137.00 in a research report on Friday, June 28th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Financial Group has an average rating of “Hold” and an average price target of $131.75.

American Financial Group Stock Up 0.8 %

Shares of NYSE AFG traded up $1.00 during midday trading on Friday, reaching $129.12. The company’s stock had a trading volume of 147,767 shares, compared to its average volume of 303,097. The stock has a 50 day simple moving average of $125.73 and a 200-day simple moving average of $127.48. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of 12.36 and a beta of 0.78. 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:AFG) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate of $2.45 by $0.11. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the previous year, the firm posted $2.38 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts predict that American Financial Group, Inc. will post 10.93 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s payout ratio is presently 27.18%.

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.