Fjarde AP Fonden Fourth Swedish National Pension Fund Has $3.04 Million Stock Holdings in American Financial Group, Inc. $AFG

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 57.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,258 shares of the insurance provider’s stock after purchasing an additional 8,100 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in American Financial Group were worth $3,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in AFG. JB Capital LLC raised its stake in American Financial Group by 2.1% during the 4th quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock worth $583,000 after buying an additional 89 shares during the period. EverSource Wealth Advisors LLC raised its stake in American Financial Group by 11.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 884 shares of the insurance provider’s stock worth $129,000 after buying an additional 91 shares during the period. Jones Financial Companies Lllp raised its stake in American Financial Group by 12.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 863 shares of the insurance provider’s stock worth $125,000 after buying an additional 93 shares during the period. Larson Financial Group LLC raised its stake in American Financial Group by 2.2% during the 4th quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock worth $621,000 after buying an additional 98 shares during the period. Finally, Intrust Bank NA increased its holdings in American Financial Group by 3.6% during the 3rd quarter. Intrust Bank NA now owns 2,935 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 102 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AFG has been the subject of a number of recent research reports. Weiss Ratings raised American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, March 16th. Piper Sandler upped their target price on American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Wells Fargo & Company upped their target price on American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods upped their target price on American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a report on Wednesday, March 25th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, American Financial Group currently has a consensus rating of “Hold” and an average price target of $145.00.

American Financial Group Price Performance

Shares of NYSE AFG opened at $131.13 on Tuesday. The stock has a fifty day simple moving average of $131.54 and a two-hundred day simple moving average of $131.97. American Financial Group, Inc. has a 1-year low of $121.75 and a 1-year high of $150.02. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 12.46 and a beta of 0.64. The company has a current ratio of 0.48, a quick ratio of 0.48 and a debt-to-equity ratio of 0.39.

American Financial Group (NYSE:AFG) last posted its 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). The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.The company’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.81 EPS. Analysts anticipate that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Dividend Announcement

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

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.