Impact Partnership Wealth LLC Buys 2,426 Shares of American Financial Group, Inc. (NYSE:AFG)

Impact Partnership Wealth LLC raised its position in American Financial Group, Inc. (NYSE:AFG) by 83.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,317 shares of the insurance provider’s stock after purchasing an additional 2,426 shares during the period. Impact Partnership Wealth LLC’s holdings in American Financial Group were worth $728,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. FMR LLC grew its holdings in shares of American Financial Group by 3.8% in the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after buying an additional 202,522 shares during the period. JPMorgan Chase & Co. grew its stake in American Financial Group by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock valued at $44,832,000 after acquiring an additional 146,237 shares during the period. Geode Capital Management LLC raised its position in shares of American Financial Group by 10.2% during the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock worth $208,699,000 after purchasing an additional 143,820 shares during the period. Bank of Montreal Can lifted its holdings in shares of American Financial Group by 251.1% during the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after purchasing an additional 105,764 shares in the last quarter. Finally, State Street Corp grew its position in shares of American Financial Group by 4.0% in the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after purchasing an additional 104,172 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AFG has been the topic of several research analyst reports. Piper Sandler raised their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets raised their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research note on Friday, January 10th.

American Financial Group Price Performance

Shares of AFG opened at $134.04 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a twelve month low of $115.64 and a twelve month high of $150.19. The stock has a market capitalization of $11.25 billion, a P/E ratio of 12.56 and a beta of 0.83. The company has a 50 day moving average of $138.77 and a 200-day moving average of $134.12.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $2.45 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts forecast that American Financial Group, Inc. will post 10.74 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, January 14th. This represents a $3.20 annualized dividend and a yield of 2.39%. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

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.