Janney Montgomery Scott LLC Acquires 508 Shares of American Financial Group, Inc. (NYSE:AFG)

Janney Montgomery Scott LLC increased its holdings in shares of American Financial Group, Inc. (NYSE:AFGFree Report) by 1.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,129 shares of the insurance provider’s stock after acquiring an additional 508 shares during the quarter. Janney Montgomery Scott LLC’s holdings in American Financial Group were worth $7,138,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of AFG. UMB Bank n.a. raised its stake in shares of American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 158 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new stake in American Financial Group during the third quarter worth about $111,000. iA Global Asset Management Inc. bought a new stake in American Financial Group in the third quarter worth about $125,000. Brooklyn Investment Group purchased a new position in American Financial Group in the third quarter valued at about $130,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of American Financial Group during the 2nd quarter valued at approximately $124,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of AFG stock opened at $137.09 on Wednesday. The firm’s 50 day moving average is $138.50 and its 200 day moving average is $134.57. The stock has a market capitalization of $11.51 billion, a P/E ratio of 12.85 and a beta of 0.83. American Financial Group, Inc. has a 12 month low of $115.64 and a 12 month high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFGGet Free Report) last issued its earnings results 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). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the firm earned $2.45 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.74 earnings per share for the current year.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were paid a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 annualized dividend and a yield of 2.33%. American Financial Group’s dividend payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

AFG has been the topic of a number of research reports. 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 report on Tuesday, November 12th. Keefe, Bruyette & Woods lowered their target price on American Financial Group from $165.00 to $164.00 and set an “outperform” rating on the stock in a research note on Friday, January 10th. Finally, BMO Capital Markets upped their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th.

Read Our Latest Stock Report on AFG

About American Financial Group

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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