Nilsine Partners LLC Takes $1.56 Million Position in American Financial Group, Inc. $AFG

Nilsine Partners LLC acquired a new stake in American Financial Group, Inc. (NYSE:AFG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,174 shares of the insurance provider’s stock, valued at approximately $1,564,000.

Other large investors have also bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in American Financial Group in the first quarter worth about $26,000. Global Retirement Partners LLC boosted its position in shares of American Financial Group by 904.8% during the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of American Financial Group by 87.7% in the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 121 shares during the last quarter. Keating Financial Advisory Services Inc. acquired a new position in shares of American Financial Group in the 2nd quarter worth approximately $42,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of American Financial Group in the 4th quarter worth approximately $45,000. Institutional investors own 64.37% of the company’s stock.

Insider Activity at American Financial Group

In other American Financial Group news, CFO Brian Hertzman sold 950 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $142.87, for a total value of $135,726.50. Following the completion of the sale, the chief financial officer owned 11,123 shares in the company, valued at $1,589,143.01. This represents a 7.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Mark Weiss sold 2,813 shares of American Financial Group stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $144.76, for a total transaction of $407,209.88. Following the sale, the vice president directly owned 6,648 shares of the company’s stock, valued at $962,364.48. This trade represents a 29.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 17,380 shares of company stock worth $2,390,788 in the last 90 days. 16.90% of the stock is owned by corporate insiders.

American Financial Group Stock Up 0.1%

Shares of American Financial Group stock opened at $142.89 on Monday. American Financial Group, Inc. has a 1 year low of $123.09 and a 1 year high of $150.02. The company has a market cap of $11.85 billion, a P/E ratio of 12.49 and a beta of 0.60. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $142.94 and a 200 day moving average price of $135.45.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.32 by $0.50. The company had revenue of $2.03 billion for the quarter, compared to analysts’ expectations of $1.85 billion. American Financial Group had a return on equity of 20.35% and a net margin of 11.51%.The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.14 EPS. As a group, analysts expect that American Financial Group, Inc. will post 12.13 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Wednesday, July 15th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, July 15th. American Financial Group’s dividend payout ratio is currently 30.77%.

Analysts Set New Price Targets

Several research firms recently commented on AFG. Weiss Ratings raised shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Piper Sandler upped their price target on American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Wall Street Zen upgraded American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Keefe, Bruyette & Woods raised their price objective on American Financial Group from $148.00 to $153.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company boosted their target price on American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $156.00.

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.