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

Impact Partnership Wealth LLC grew its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 83.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 5,317 shares of the insurance provider’s stock after acquiring an additional 2,426 shares during the quarter. Impact Partnership Wealth LLC’s holdings in American Financial Group were worth $728,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AFG. Crossmark Global Holdings Inc. grew its position in shares of American Financial Group by 1.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider’s stock valued at $794,000 after buying an additional 81 shares during the last quarter. Oppenheimer & Co. Inc. raised its holdings in American Financial Group by 4.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after purchasing an additional 83 shares during the last quarter. Sei Investments Co. lifted its position in shares of American Financial Group by 0.3% in the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after purchasing an additional 86 shares during the period. MML Investors Services LLC boosted its stake in shares of American Financial Group by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 116 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its position in shares of American Financial Group by 6.3% during the third quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after buying an additional 125 shares during the period. Institutional investors own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AFG shares. Piper Sandler upped their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets boosted their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 10th.

American Financial Group Price Performance

AFG opened at $134.04 on Friday. The firm has a market cap of $11.25 billion, a P/E ratio of 12.56 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The firm 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the company earned $2.45 earnings per share. The firm’s revenue was up 10.8% on a year-over-year basis. On average, research analysts expect that American Financial Group, Inc. will post 10.74 EPS for the current year.

American Financial Group Announces Dividend

The business also recently announced 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. 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 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.