PUREfi Wealth LLC Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

PUREfi Wealth LLC bought a new position in American Financial Group, Inc. (NYSE:AFG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,910 shares of the insurance provider’s stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AFG. Crossmark Global Holdings Inc. lifted its holdings in 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 worth $794,000 after buying an additional 81 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in American Financial Group by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after buying an additional 83 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in American Financial Group by 4.6% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,226 shares of the insurance provider’s stock worth $305,000 after buying an additional 97 shares in the last quarter. Van ECK Associates Corp lifted its holdings in American Financial Group by 0.8% in the 4th quarter. Van ECK Associates Corp now owns 12,040 shares of the insurance provider’s stock worth $1,649,000 after buying an additional 101 shares in the last quarter. Finally, Highland Capital Management LLC lifted its holdings in American Financial Group by 6.5% in the 4th quarter. Highland Capital Management LLC now owns 1,746 shares of the insurance provider’s stock worth $239,000 after buying an additional 107 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Price Performance

AFG opened at $123.28 on Friday. The company has a 50-day moving average of $134.65 and a 200-day moving average of $134.75. The company has a market capitalization of $10.35 billion, a P/E ratio of 11.66 and a beta of 0.83. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19. 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 (NYSE:AFG) last released its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Equities analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Tuesday, January 14th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s dividend payout ratio is presently 30.27%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AFG. BMO Capital Markets boosted 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 report on Friday, November 15th. Piper Sandler boosted their target price on shares of 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, Keefe, Bruyette & Woods downgraded shares of American Financial Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

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.