U.S. Capital Wealth Advisors LLC Buys Shares of 15,614 American Financial Group, Inc. (NYSE:AFG)

U.S. Capital Wealth Advisors LLC bought a new position in American Financial Group, Inc. (NYSE:AFG) in the 4th quarter, Holdings Channel reports. The firm bought 15,614 shares of the insurance provider’s stock, valued at approximately $1,856,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC raised its holdings in shares of American Financial Group by 132.5% in the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 155 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of American Financial Group in the 4th quarter worth approximately $42,000. GAMMA Investing LLC bought a new position in shares of American Financial Group during the fourth quarter valued at approximately $53,000. Itau Unibanco Holding S.A. purchased a new position in American Financial Group during the third quarter valued at approximately $52,000. Finally, Allspring Global Investments Holdings LLC raised its stake in American Financial Group by 7,616.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock worth $110,000 after buying an additional 914 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup lifted their price target on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a report on Monday, March 25th. Piper Sandler reiterated a “neutral” rating and issued a $129.00 target price on shares of American Financial Group in a report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $133.50.

American Financial Group Stock Down 0.2 %

Shares of AFG stock traded down $0.27 during trading hours on Friday, reaching $127.41. 246,863 shares of the company’s stock were exchanged, compared to its average volume of 273,413. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.68 billion, a price-to-earnings ratio of 12.19 and a beta of 0.79. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.71. The stock’s 50 day moving average is $129.98 and its 200-day moving average is $121.15.

American Financial Group (NYSE:AFG) last released its quarterly earnings results 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 return on equity of 21.56% and a net margin of 11.03%. The company had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period last year, the business posted $2.89 earnings per share. Analysts predict that American Financial Group, Inc. will post 10.99 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.71 dividend. The ex-dividend date was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.23%. American Financial Group’s dividend payout ratio is currently 27.18%.

Insider Transactions at American Financial Group

In related news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total value of $626,296.00. Following the transaction, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Lehman John I. Von sold 1,773 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $125.48, for a total value of $222,476.04. Following the sale, the director now owns 12,343 shares in the company, valued at $1,548,799.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now owns 45,372 shares of the company’s stock, valued at $5,490,012. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,843 shares of company stock worth $1,854,746. Company insiders own 14.50% of the company’s stock.

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.