Golden State Wealth Management LLC Buys Shares of 7,500 American Financial Group, Inc. (NYSE:AFG)

Golden State Wealth Management LLC bought a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the fourth quarter, HoldingsChannel.com reports. The fund bought 7,500 shares of the insurance provider’s stock, valued at approximately $1,027,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC lifted its stake in American Financial Group by 3.8% in the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after acquiring an additional 202,522 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of American Financial Group by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock valued at $44,832,000 after purchasing an additional 146,237 shares in the last quarter. Geode Capital Management LLC increased its holdings in American Financial Group by 10.2% during 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 buying an additional 143,820 shares during the period. State Street Corp raised its stake in American Financial Group by 4.0% in the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after buying an additional 104,172 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in American Financial Group by 123.4% during the third quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock worth $15,486,000 after buying an additional 63,541 shares during the period. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Trading Up 0.9 %

Shares of NYSE:AFG opened at $128.74 on Friday. The business’s 50-day moving average is $137.23 and its 200 day moving average is $134.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19. The firm has a market capitalization of $10.80 billion, a P/E ratio of 12.07 and a beta of 0.83.

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

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders 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 annualized dividend and a dividend yield of 2.49%. American Financial Group’s payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods downgraded shares of American Financial Group from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $164.00 to $144.00 in a report on Friday. Finally, Piper Sandler raised their price target 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.

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.