Innealta Capital LLC Purchases Shares of 241 American Financial Group, Inc. (NYSE:AFG)

Innealta Capital LLC acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 241 shares of the insurance provider’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds also recently modified their holdings of AFG. GAMMA Investing LLC acquired a new position in American Financial Group during the fourth quarter worth approximately $53,000. Covestor Ltd increased its holdings in shares of American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the last quarter. Blue Trust Inc. raised its stake in American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 133 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the last quarter. Finally, Swedbank AB bought a new position in American Financial Group during the first quarter worth $133,000. 64.37% of the stock is owned by institutional investors.

American Financial Group Trading Up 0.8 %

AFG stock opened at $133.62 on Friday. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.71. The company has a market capitalization of $11.21 billion, a PE ratio of 12.79 and a beta of 0.78. The company’s 50-day simple moving average is $126.77 and its 200 day simple moving average is $128.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The firm had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the prior year, the business posted $2.38 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 10.97 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 15th were issued a $0.71 dividend. The ex-dividend date was Monday, July 15th. This represents a $2.84 annualized dividend and a yield of 2.13%. American Financial Group’s dividend payout ratio is presently 27.18%.

Insider Activity

In related news, Director Amy Y. Murray purchased 1,200 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the completion of the purchase, the director now directly owns 1,200 shares in the company, valued at $150,204. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of several research analyst reports. Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $144.00 to $137.00 in a research note on Friday, June 28th. Piper Sandler raised their price objective on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research report on Monday, May 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, American Financial Group currently has an average rating of “Hold” and an average target price of $131.75.

American Financial Group Company 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.