Fort Washington Investment Advisors Inc. OH Acquires 3,580 Shares of American Financial Group, Inc. (NYSE:AFG)

Fort Washington Investment Advisors Inc. OH increased its holdings in American Financial Group, Inc. (NYSE:AFG) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 607,677 shares of the insurance provider’s stock after buying an additional 3,580 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in American Financial Group were worth $83,209,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of American Financial Group by 86.8% in the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 158 shares during the period. Abich Financial Wealth Management LLC raised its stake in American Financial Group by 35.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock valued at $88,000 after buying an additional 188 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of American Financial Group during the 2nd quarter valued at $99,000. Moisand Fitzgerald Tamayo LLC purchased a new position in shares of American Financial Group in the 3rd quarter worth $111,000. Finally, iA Global Asset Management Inc. bought a new stake in shares of American Financial Group in the third quarter worth $125,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on AFG. Piper Sandler upped their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. Keefe, Bruyette & Woods lowered their price target on shares of American Financial Group from $165.00 to $164.00 and set an “outperform” rating on the stock in a report on Friday, January 10th. Finally, BMO Capital Markets increased 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 research note on Friday, November 15th.

American Financial Group Stock Performance

NYSE:AFG opened at $135.10 on Wednesday. The stock has a 50-day moving average price of $139.13 and a 200 day moving average price of $134.01. The stock has a market capitalization of $11.34 billion, a P/E ratio of 12.66 and a beta of 0.83. American Financial Group, Inc. has a 12-month low of $115.64 and a 12-month high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) 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 company had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. During the same period last year, the business earned $2.45 earnings per share. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post 10.74 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s payout ratio is currently 29.99%.

American Financial Group Company 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.