SBI Okasan Asset Management Co.Ltd. Purchases New Position in American Financial Group, Inc. $AFG

SBI Okasan Asset Management Co.Ltd. purchased a new stake in American Financial Group, Inc. (NYSE:AFG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,900 shares of the insurance provider’s stock, valued at approximately $676,000.

Several other institutional investors have also bought and sold shares of AFG. Royal Bank of Canada boosted its stake in American Financial Group by 11.1% in the 1st quarter. Royal Bank of Canada now owns 75,421 shares of the insurance provider’s stock valued at $9,905,000 after buying an additional 7,554 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in American Financial Group in the 1st quarter valued at $2,330,000. Jones Financial Companies Lllp boosted its stake in American Financial Group by 145.8% in the 1st quarter. Jones Financial Companies Lllp now owns 1,278 shares of the insurance provider’s stock valued at $168,000 after buying an additional 758 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in American Financial Group by 144.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 793 shares of the insurance provider’s stock valued at $100,000 after buying an additional 469 shares in the last quarter. Finally, Cerity Partners LLC boosted its stake in American Financial Group by 62.4% in the 2nd quarter. Cerity Partners LLC now owns 2,941 shares of the insurance provider’s stock valued at $371,000 after buying an additional 1,130 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 1.6%

Shares of AFG opened at $129.94 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39. American Financial Group, Inc. has a 12-month low of $121.48 and a 12-month high of $150.02. The firm has a market capitalization of $10.80 billion, a PE ratio of 12.35 and a beta of 0.65. The stock’s fifty day simple moving average is $131.16 and its 200-day simple moving average is $132.52.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Thursday, April 30th. The insurance provider reported $2.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.54 by ($0.07). American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same period last year, the company earned $1.81 EPS. The company’s revenue was down .1% compared to the same quarter last year. As a group, research analysts predict that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 24th. Stockholders of record on Wednesday, April 15th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, April 15th. American Financial Group’s dividend payout ratio is 33.46%.

Wall Street Analyst Weigh In

AFG has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Wells Fargo & Company boosted their price objective on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Weiss Ratings raised American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Finally, Piper Sandler boosted their price objective on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $145.00.

American Financial Group Company Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.