Nisa Investment Advisors LLC Has $6.93 Million Position in American Financial Group, Inc. (NYSE:AFG)

Nisa Investment Advisors LLC grew its position in American Financial Group, Inc. (NYSE:AFG) by 2.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 50,625 shares of the insurance provider’s stock after purchasing an additional 1,250 shares during the period. Nisa Investment Advisors LLC owned about 0.06% of American Financial Group worth $6,932,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in American Financial Group by 1.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider’s stock valued at $794,000 after buying an additional 81 shares in the last quarter. Oppenheimer & Co. Inc. raised its position in American Financial Group by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after purchasing an additional 83 shares during the last quarter. Sei Investments Co. lifted its holdings in American Financial Group by 0.3% during the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after buying an additional 86 shares in the last quarter. MML Investors Services LLC boosted its position in American Financial Group by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock valued at $458,000 after buying an additional 116 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock valued at $283,000 after buying an additional 125 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Price Performance

Shares of AFG opened at $135.12 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $11.34 billion, a P/E ratio of 12.66 and a beta of 0.83. The stock’s 50-day moving average price is $138.55 and its two-hundred day moving average price is $134.22. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19.

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

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were issued a dividend of $0.80 per share. The ex-dividend date was Tuesday, January 14th. This represents a $3.20 annualized dividend and a yield of 2.37%. American Financial Group’s dividend payout ratio is presently 29.99%.

Analysts Set New Price Targets

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

About American Financial Group

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.