16,324 Shares of American Financial Group, Inc. $AFG Purchased by M Holdings Securities Inc.

M Holdings Securities Inc. purchased a new stake in American Financial Group, Inc. (NYSE:AFG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 16,324 shares of the insurance provider’s stock, valued at approximately $2,242,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of American Financial Group by 19.0% in the third quarter. Brighton Jones LLC now owns 3,228 shares of the insurance provider’s stock valued at $441,000 after acquiring an additional 515 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of American Financial Group by 3.4% in the 3rd quarter. Parallel Advisors LLC now owns 2,020 shares of the insurance provider’s stock worth $276,000 after acquiring an additional 67 shares in the last quarter. Ashton Thomas Private Wealth LLC grew its position in American Financial Group by 15.0% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,139 shares of the insurance provider’s stock worth $429,000 after acquiring an additional 409 shares during the last quarter. CenterBook Partners LP bought a new stake in American Financial Group during the 3rd quarter worth approximately $374,000. Finally, Heritage Family Offices LLP bought a new stake in American Financial Group during the 3rd quarter worth approximately $29,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AFG. Keefe, Bruyette & Woods reduced their price objective on American Financial Group from $153.00 to $147.00 and set a “market perform” rating on the stock in a research note on Monday, October 12th. Piper Sandler increased their price objective on shares of American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a report on Monday, August 10th. Wells Fargo & Company raised their price objective on shares of American Financial Group from $166.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday. Wall Street Zen downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings raised shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $156.25.

Insider Transactions at American Financial Group

In other news, CFO Brian Hertzman sold 950 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total value of $135,726.50. Following the transaction, the chief financial officer owned 11,123 shares of the company’s stock, valued at approximately $1,589,143.01. This trade represents a 7.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.90% of the company’s stock.

American Financial Group Trading Up 0.0%

AFG stock opened at $154.57 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.39. American Financial Group, Inc. has a twelve month low of $123.09 and a twelve month high of $159.61. The company has a market cap of $12.79 billion, a P/E ratio of 12.61 and a beta of 0.55. The business has a fifty day moving average of $144.87 and a 200-day moving average of $137.00.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.80 by $0.17. The business had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.40 billion. American Financial Group had a return on equity of 22.56% and a net margin of 11.96%. During the same quarter last year, the business earned $2.69 earnings per share. As a group, equities research analysts expect that American Financial Group, Inc. will post 12.29 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $3.50 per share. The ex-dividend date is Monday, November 16th. American Financial Group’s dividend payout ratio is presently 31.65%.

American Financial Group Company Profile

American Financial Group, Inc is an insurance holding company headquartered in Cincinnati, Ohio. Through Great American Insurance Group, it provides property and casualty insurance, with a focus on specialty commercial markets and coverage tailored to specific industries and customer needs.

Its products include insurance for businesses, farms and agricultural operations, and individuals, offered through a network of independent agents and brokers. AFG’s insurance operations serve customers primarily in the United States, with some products and services available internationally.

The company traces its roots to 1959, while its Great American Insurance Company subsidiary was founded in 1872.