Callan Family Office LLC Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

Callan Family Office LLC acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,927 shares of the insurance provider’s stock, valued at approximately $264,000.

Several other institutional investors also recently bought and sold shares of AFG. UMB Bank n.a. increased its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 158 shares during the period. Jones Financial Companies Lllp increased its holdings in American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 248 shares during the period. Allworth Financial LP increased its holdings in American Financial Group by 301.1% during the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 527 shares during the period. iA Global Asset Management Inc. purchased a new position in American Financial Group during the 3rd quarter worth $125,000. Finally, Brooklyn Investment Group purchased a new position in American Financial Group during the 3rd quarter worth $130,000. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Stock Down 0.3 %

Shares of NYSE AFG opened at $126.72 on Tuesday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $10.64 billion, a PE ratio of 11.99 and a beta of 0.79. The stock’s fifty day simple moving average is $130.21 and its two-hundred day simple moving average is $134.46. American Financial Group, Inc. has a 12-month low of $118.97 and a 12-month high of $150.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. As a group, analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently disclosed a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s payout ratio is 30.27%.

Analysts Set New Price Targets

Several research firms have commented on AFG. Piper Sandler raised their price objective on 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 increased their target price on 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 cut American Financial Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $164.00 to $144.00 in a research report on Friday, February 7th.

Insider Transactions at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now directly owns 57,477 shares of the company’s stock, valued at $6,954,717. This trade represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 14.50% of the company’s stock.

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.