6,744 Shares in American Financial Group, Inc. $AFG Bought by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 6,744 shares of the insurance provider’s stock, valued at approximately $944,000.

Several other hedge funds and other institutional investors also recently modified their holdings of AFG. Cassaday & Co Wealth Management LLC bought a new stake in shares of American Financial Group in the 1st quarter valued at approximately $26,000. Global Retirement Partners LLC boosted its holdings in American Financial Group by 904.8% in the fourth quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after purchasing an additional 190 shares during the period. Clearstead Advisors LLC increased its stake in American Financial Group by 87.7% during the fourth quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 121 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new stake in shares of American Financial Group during the second quarter worth $42,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of American Financial Group in the 2nd quarter worth about $46,000. Institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AFG shares. Weiss Ratings upgraded shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Keefe, Bruyette & Woods boosted their price objective on American Financial Group from $148.00 to $153.00 and gave the company a “market perform” rating in a research report on Tuesday, August 11th. Piper Sandler increased their target price on American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Wells Fargo & Company boosted their price target on shares of American Financial Group from $158.00 to $173.00 and gave the company an “overweight” rating in a report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $156.00.

American Financial Group Price Performance

Shares of American Financial Group stock opened at $142.55 on Friday. American Financial Group, Inc. has a 52 week low of $123.09 and a 52 week high of $150.02. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. The stock has a market cap of $11.82 billion, a PE ratio of 12.46 and a beta of 0.62. The company’s 50-day moving average price is $142.11 and its two-hundred day moving average price is $134.86.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.50. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $2.14 EPS. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 12.13 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Wednesday, July 15th were issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Wednesday, July 15th. American Financial Group’s payout ratio is currently 30.77%.

Insider Transactions at American Financial Group

In other news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total value of $1,535,518.50. Following the transaction, the insider directly owned 584,098 shares of the company’s stock, valued at approximately $78,882,434.90. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Mark A. Weiss sold 2,813 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $144.76, for a total value of $407,209.88. Following the sale, the vice president owned 6,648 shares of the company’s stock, valued at approximately $962,364.48. This represents a 29.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 16,430 shares of company stock valued at $2,255,061. 16.90% of the stock is owned by insiders.

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.