Confluence Wealth Services Inc. Increases Stock Position in American Financial Group, Inc. (NYSE:AFG)

Confluence Wealth Services Inc. grew its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 17.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,892 shares of the insurance provider’s stock after acquiring an additional 1,327 shares during the quarter. Confluence Wealth Services Inc.’s holdings in American Financial Group were worth $1,190,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of American Financial Group by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after buying an additional 146,237 shares during the period. Franklin Resources Inc. boosted its holdings in American Financial Group by 17.4% in the third quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider’s stock valued at $6,833,000 after acquiring an additional 7,365 shares in the last quarter. Quest Partners LLC boosted its holdings in American Financial Group by 166.1% in the third quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider’s stock valued at $953,000 after acquiring an additional 4,418 shares in the last quarter. Argent Capital Management LLC boosted its holdings in American Financial Group by 9.8% in the fourth quarter. Argent Capital Management LLC now owns 31,362 shares of the insurance provider’s stock valued at $4,294,000 after acquiring an additional 2,787 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in American Financial Group by 10.2% in the third quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Trading Down 0.5 %

Shares of NYSE:AFG opened at $136.04 on Wednesday. The stock has a 50 day moving average of $137.65 and a 200 day moving average of $134.86. The company has a market cap of $11.42 billion, a PE ratio of 12.75 and a beta of 0.83. 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, Inc. has a 12-month low of $115.64 and a 12-month high of $150.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.83 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.35%. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

Analyst Ratings Changes

AFG has been the topic of a number of research reports. Keefe, Bruyette & Woods dropped their target price 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. Piper Sandler boosted their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. Finally, BMO Capital Markets boosted their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th.

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.