American Financial Group, Inc. $AFG Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in American Financial Group, Inc. (NYSE:AFG) by 1.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,732,557 shares of the insurance provider’s stock after purchasing an additional 29,731 shares during the quarter. Geode Capital Management LLC’s holdings in American Financial Group were worth $236,645,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. ProShare Advisors LLC grew its position in shares of American Financial Group by 8.0% in the third quarter. ProShare Advisors LLC now owns 278,279 shares of the insurance provider’s stock valued at $40,551,000 after purchasing an additional 20,554 shares during the period. Allianz Asset Management GmbH grew its position in shares of American Financial Group by 9.7% in the third quarter. Allianz Asset Management GmbH now owns 335,673 shares of the insurance provider’s stock valued at $48,914,000 after purchasing an additional 29,593 shares during the period. Dimensional Fund Advisors LP grew its position in shares of American Financial Group by 10.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock valued at $164,293,000 after purchasing an additional 110,872 shares during the period. Capula Management Ltd acquired a new stake in shares of American Financial Group in the third quarter valued at about $2,087,000. Finally, UBS Group AG grew its position in shares of American Financial Group by 10.1% in the fourth quarter. UBS Group AG now owns 581,805 shares of the insurance provider’s stock valued at $79,521,000 after purchasing an additional 53,431 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of several research analyst reports. Keefe, Bruyette & Woods lifted their target price on shares of American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Piper Sandler lifted their target price on shares of American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Wells Fargo & Company lifted their target price on shares of American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings upgraded shares of American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.00.

American Financial Group Stock Performance

AFG opened at $128.97 on Wednesday. The firm has a market capitalization of $10.72 billion, a PE ratio of 12.26 and a beta of 0.64. American Financial Group, Inc. has a twelve month low of $121.75 and a twelve month high of $150.02. The firm’s 50-day moving average price is $131.24 and its 200 day moving average price is $132.35. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The business’s revenue was down .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.81 earnings per share. As a group, sell-side analysts expect that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Wednesday, April 15th were given a dividend of $0.88 per share. The ex-dividend date was Wednesday, April 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. American Financial Group’s payout ratio is presently 33.46%.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.