Elevation Point Wealth Partners LLC Boosts Stock Position in American Financial Group, Inc. $AFG

Elevation Point Wealth Partners LLC boosted its position in American Financial Group, Inc. (NYSE:AFG) by 21,948.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,024 shares of the insurance provider’s stock after purchasing an additional 10,974 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in American Financial Group were worth $1,606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ProShare Advisors LLC grew its stake in American Financial Group by 8.0% in the 3rd quarter. ProShare Advisors LLC now owns 278,279 shares of the insurance provider’s stock worth $40,551,000 after acquiring an additional 20,554 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of American Financial Group by 9.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 335,673 shares of the insurance provider’s stock worth $48,914,000 after purchasing an additional 29,593 shares during the period. Caxton Associates LLP acquired a new stake in shares of American Financial Group during the second quarter worth $1,790,000. Brandywine Global Investment Management LLC boosted its holdings in shares of American Financial Group by 33.6% during the second quarter. Brandywine Global Investment Management LLC now owns 94,788 shares of the insurance provider’s stock worth $11,963,000 after purchasing an additional 23,838 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of American Financial Group by 10.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock valued at $164,293,000 after purchasing an additional 110,872 shares during the period. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other American Financial Group news, CFO Brian S. Hertzman sold 1,663 shares of American Financial Group stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $133.70, for a total transaction of $222,343.10. Following the transaction, the chief financial officer directly owned 12,073 shares of the company’s stock, valued at $1,614,160.10. The trade was a 12.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.40% of the stock is currently owned by company insiders.

American Financial Group Price Performance

AFG stock opened at $128.12 on Monday. The company has a market cap of $10.67 billion, a PE ratio of 12.72 and a beta of 0.69. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $130.45 and a two-hundred day moving average price of $135.29. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.02.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, February 4th. The insurance provider reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.18 by $0.47. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.79 billion. American Financial Group had a return on equity of 18.64% and a net margin of 10.30%.The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $3.12 EPS. As a group, research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, February 25th. Investors of record on Monday, February 16th were issued a $1.50 dividend. The ex-dividend date was Friday, February 13th. American Financial Group’s dividend payout ratio (DPR) is presently 34.96%.

Analyst Ratings Changes

AFG has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on American Financial Group from $165.00 to $160.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings lowered shares of American Financial Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, American Financial Group presently has an average rating of “Hold” and an average target price of $141.25.

American Financial Group 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.