Fort Washington Investment Advisors Inc. OH Acquires 3,580 Shares of American Financial Group, Inc. (NYSE:AFG)

Fort Washington Investment Advisors Inc. OH raised its holdings in American Financial Group, Inc. (NYSE:AFG) by 0.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 607,677 shares of the insurance provider’s stock after buying an additional 3,580 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.72% of American Financial Group worth $83,209,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AFG. Envestnet Asset Management Inc. raised its holdings in American Financial Group by 5.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 47,143 shares of the insurance provider’s stock worth $5,800,000 after purchasing an additional 2,556 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of American Financial Group during the second quarter valued at about $1,501,000. Vanguard Personalized Indexing Management LLC raised its stake in American Financial Group by 16.2% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 8,113 shares of the insurance provider’s stock worth $977,000 after buying an additional 1,131 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in American Financial Group in the second quarter worth about $1,808,000. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in American Financial Group by 6.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 18,460 shares of the insurance provider’s stock valued at $2,271,000 after acquiring an additional 1,144 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AFG. BMO Capital Markets increased their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods decreased their price objective on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a report on Friday, January 10th. Finally, Piper Sandler boosted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

American Financial Group Stock Performance

American Financial Group stock opened at $135.10 on Wednesday. American Financial Group, Inc. has a twelve month low of $115.64 and a twelve month high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $11.34 billion, a P/E ratio of 12.66 and a beta of 0.83. The stock’s 50 day moving average is $139.13 and its 200 day moving average is $134.01.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.20). The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. On average, equities research analysts predict that American Financial Group, Inc. will post 10.74 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $3.20 annualized dividend and a dividend yield of 2.37%. American Financial Group’s dividend payout ratio is presently 29.99%.

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.