Alliancebernstein L.P. lifted its position in American Financial Group Inc (NYSE:AFG) by 12.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,838,785 shares of the insurance provider’s stock after purchasing an additional 204,999 shares during the quarter. Alliancebernstein L.P. owned 2.04% of American Financial Group worth $201,623,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Quarterback LLC bought a new stake in shares of American Financial Group in the 4th quarter worth about $2,593,210,000. Victory Capital Management Inc. grew its holdings in shares of American Financial Group by 2.1% in the 4th quarter. Victory Capital Management Inc. now owns 3,185,296 shares of the insurance provider’s stock worth $349,267,000 after purchasing an additional 65,940 shares during the last quarter. American Financial Group Inc. 401 K Retirement & Savings Plan grew its holdings in shares of American Financial Group by 0.3% in the 4th quarter. American Financial Group Inc. 401 K Retirement & Savings Plan now owns 2,562,525 shares of the insurance provider’s stock worth $280,981,000 after purchasing an additional 7,913 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of American Financial Group by 2.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,034,578 shares of the insurance provider’s stock worth $113,440,000 after purchasing an additional 25,708 shares during the last quarter. Finally, Schroder Investment Management Group grew its holdings in shares of American Financial Group by 25.1% in the 4th quarter. Schroder Investment Management Group now owns 844,519 shares of the insurance provider’s stock worth $92,601,000 after purchasing an additional 169,431 shares during the last quarter. 65.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:AFG opened at $71.07 on Thursday. American Financial Group Inc has a 12 month low of $44.01 and a 12 month high of $115.03. The company’s 50-day moving average price is $91.60 and its two-hundred day moving average price is $103.70. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.23. The firm has a market cap of $4.40 billion, a P/E ratio of 7.20, a P/E/G ratio of 0.84 and a beta of 0.91.
American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Monday, February 3rd. The insurance provider reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.01. American Financial Group had a net margin of 10.89% and a return on equity of 12.87%. The firm had revenue of $1.37 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the firm earned $1.75 EPS. The company’s revenue was up 7.9% on a year-over-year basis. As a group, equities analysts predict that American Financial Group Inc will post 8.97 earnings per share for the current fiscal year.
A number of equities research analysts have commented on the stock. Piper Sandler decreased their price objective on shares of American Financial Group from $124.00 to $100.00 and set an “overweight” rating on the stock in a report on Wednesday, March 11th. ValuEngine lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, TheStreet lowered shares of American Financial Group from a “b-” rating to a “c+” rating in a report on Thursday, March 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. American Financial Group has an average rating of “Hold” and a consensus price target of $109.33.
American Financial Group Profile
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.
See Also: Understanding the two types of arbitrage
Receive News & Ratings for American Financial Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group and related companies with MarketBeat.com's FREE daily email newsletter.