Summit Global Investments Purchases Shares of 2,507 American Financial Group, Inc. (NYSE:AFG)

Summit Global Investments acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the 4th quarter, Holdings Channel reports. The fund acquired 2,507 shares of the insurance provider’s stock, valued at approximately $298,000.

A number of other large investors have also recently made changes to their positions in AFG. VisionPoint Advisory Group LLC raised its stake in American Financial Group by 132.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 155 shares during the last quarter. Arlington Trust Co LLC acquired a new position in shares of American Financial Group in the fourth quarter valued at about $42,000. GAMMA Investing LLC purchased a new position in shares of American Financial Group in the fourth quarter worth about $53,000. Itau Unibanco Holding S.A. acquired a new stake in shares of American Financial Group during the third quarter worth about $52,000. Finally, Allspring Global Investments Holdings LLC boosted its position in American Financial Group by 7,616.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after buying an additional 914 shares during the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Financial Group

In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the transaction, the senior vice president now owns 45,372 shares in the company, valued at $5,490,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the transaction, the senior vice president now directly owns 45,372 shares in the company, valued at $5,490,012. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Brian S. Hertzman sold 1,067 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total transaction of $135,455.65. Following the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at $1,343,511.85. The disclosure for this sale can be found here. Insiders sold a total of 14,843 shares of company stock worth $1,854,746 in the last 90 days. Corporate insiders own 14.50% of the company’s stock.

American Financial Group Stock Up 2.1 %

Shares of AFG stock opened at $130.08 on Tuesday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. American Financial Group, Inc. has a twelve month low of $105.22 and a twelve month high of $137.71. The stock has a 50 day moving average of $130.04 and a 200 day moving average of $121.37. The stock has a market cap of $10.91 billion, a P/E ratio of 12.45 and a beta of 0.79.

American Financial Group (NYSE:AFG) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $0.06. American Financial Group had a net margin of 11.03% and a return on equity of 21.56%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the firm earned $2.89 EPS. As a group, sell-side analysts expect that American Financial Group, Inc. will post 10.99 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were given a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend was Friday, April 12th. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

Analyst Ratings Changes

A number of research firms have issued reports on AFG. Piper Sandler raised their price target 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. Citigroup raised their target price on shares of American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $135.00.

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.