Legacy Financial Advisors Inc. Purchases 100 Shares of American Financial Group, Inc. (NYSE:AFG)

Legacy Financial Advisors Inc. lifted its holdings in American Financial Group, Inc. (NYSE:AFG) by 2.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,127 shares of the insurance provider’s stock after purchasing an additional 100 shares during the period. Legacy Financial Advisors Inc.’s holdings in American Financial Group were worth $565,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after buying an additional 158 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of American Financial Group by 91.2% in 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 in the last quarter. Allworth Financial LP raised its holdings in American Financial Group by 301.1% in 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. GAMMA Investing LLC lifted its position in American Financial Group by 31.6% during the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock valued at $145,000 after purchasing an additional 254 shares in the last quarter. Finally, Nicolet Advisory Services LLC bought a new stake in American Financial Group during the fourth quarter valued at about $212,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Insider Activity

In related news, Director Gregory G. Joseph bought 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was bought at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares of the company’s stock, valued at approximately $6,954,717. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods decreased their price objective on American Financial Group from $144.00 to $126.00 and set a “market perform” rating on the stock in a research note on Wednesday.

American Financial Group Stock Down 0.6 %

AFG opened at $124.55 on Friday. The stock has a market cap of $10.42 billion, a price-to-earnings ratio of 11.78 and a beta of 0.59. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The firm’s fifty day moving average is $125.58 and its 200 day moving average is $133.01. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week 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 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, sell-side analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date of this dividend is Tuesday, April 15th. American Financial Group’s dividend payout ratio (DPR) is currently 30.27%.

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.