GAMMA Investing LLC Has $145,000 Position in American Financial Group, Inc. (NYSE:AFG)

GAMMA Investing LLC grew its position in shares of American Financial Group, Inc. (NYSE:AFG) by 31.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,059 shares of the insurance provider’s stock after purchasing an additional 254 shares during the period. GAMMA Investing LLC’s holdings in American Financial Group were worth $145,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in AFG. JPMorgan Chase & Co. boosted its position in American Financial Group by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after buying an additional 146,237 shares during the period. Lord Abbett & CO. LLC raised its stake in shares of American Financial Group by 0.4% during the third quarter. Lord Abbett & CO. LLC now owns 399,177 shares of the insurance provider’s stock valued at $53,729,000 after acquiring an additional 1,563 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of American Financial Group by 1.0% during the third quarter. Retirement Systems of Alabama now owns 171,354 shares of the insurance provider’s stock valued at $23,064,000 after acquiring an additional 1,714 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of American Financial Group by 17.4% during the third quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider’s stock worth $6,833,000 after purchasing an additional 7,365 shares during the period. Finally, Toronto Dominion Bank grew its stake in shares of American Financial Group by 29.5% in the third quarter. Toronto Dominion Bank now owns 9,411 shares of the insurance provider’s stock worth $1,267,000 after purchasing an additional 2,144 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on AFG shares. BMO Capital Markets raised 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. Piper Sandler lifted their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

American Financial Group Trading Down 0.0 %

AFG opened at $132.16 on Friday. American Financial Group, Inc. has a twelve month low of $115.64 and a twelve month high of $150.19. The company has a fifty day moving average of $138.88 and a 200-day moving average of $133.35. The stock has a market cap of $11.09 billion, a PE ratio of 12.39 and a beta of 0.83. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

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 analysts’ consensus estimates of $2.51 by ($0.20). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.45 earnings per share. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, January 14th. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

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.