Vestor Capital LLC Purchases 387,788 Shares of American Financial Group, Inc. $AFG

Vestor Capital LLC increased its position in American Financial Group, Inc. (NYSE:AFG) by 64,631.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 388,388 shares of the insurance provider’s stock after purchasing an additional 387,788 shares during the period. American Financial Group makes up 1.5% of Vestor Capital LLC’s holdings, making the stock its 15th biggest holding. Vestor Capital LLC’s holdings in American Financial Group were worth $49,018,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. increased its position in shares of American Financial Group by 421.1% in the second quarter. Hantz Financial Services Inc. now owns 198 shares of the insurance provider’s stock valued at $25,000 after acquiring an additional 160 shares during the period. Atlantic Union Bankshares Corp purchased a new stake in shares of American Financial Group during the second quarter worth about $27,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of American Financial Group in the first quarter worth about $34,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group in the first quarter worth about $55,000. Finally, IFP Advisors Inc lifted its holdings in American Financial Group by 86.7% in the 2nd quarter. IFP Advisors Inc now owns 422 shares of the insurance provider’s stock worth $57,000 after buying an additional 196 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AFG. Keefe, Bruyette & Woods reduced their price objective on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Piper Sandler increased their price target on shares of American Financial Group from $130.00 to $139.00 and gave the stock a “neutral” rating in a research note on Thursday, November 6th. Wall Street Zen upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of American Financial Group in a report on Wednesday. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $142.00 target price on shares of American Financial Group in a research report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $135.00.

American Financial Group Stock Performance

Shares of AFG opened at $138.16 on Friday. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. The stock has a market cap of $11.52 billion, a P/E ratio of 15.18 and a beta of 0.78. The business’s 50 day moving average price is $139.02 and its 200-day moving average price is $131.63. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Wednesday, November 5th. The insurance provider reported $2.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $0.34. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business had revenue of $2.33 billion during the quarter, compared to analysts’ expectations of $2.02 billion. During the same quarter in the previous year, the business earned $2.31 earnings per share. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. Equities research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 17th will be given a dividend of $2.00 per share. The ex-dividend date of this dividend is Monday, November 17th. American Financial Group’s dividend payout ratio is 36.97%.

Insiders Place Their Bets

In other American Financial Group news, CFO Brian S. Hertzman sold 1,777 shares of American Financial Group stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $142.51, for a total value of $253,240.27. Following the completion of the transaction, the chief financial officer directly owned 11,300 shares of the company’s stock, valued at approximately $1,610,363. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 17.40% of the company’s stock.

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.