Brandywine Global Investment Management LLC Has $13.97 Million Stock Holdings in American Financial Group, Inc. $AFG

Brandywine Global Investment Management LLC raised its holdings in American Financial Group, Inc. (NYSE:AFG) by 14.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,223 shares of the insurance provider’s stock after acquiring an additional 12,850 shares during the quarter. Brandywine Global Investment Management LLC’s holdings in American Financial Group were worth $13,972,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC lifted its stake in shares of American Financial Group by 904.8% in the fourth quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider’s stock worth $29,000 after buying an additional 190 shares during the last quarter. Clearstead Advisors LLC lifted its stake in shares of American Financial Group by 87.7% in the fourth quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider’s stock worth $35,000 after buying an additional 121 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of American Financial Group by 165.0% in the third quarter. Smartleaf Asset Management LLC now owns 273 shares of the insurance provider’s stock worth $39,000 after buying an additional 170 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of American Financial Group in the third quarter worth $44,000. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of American Financial Group in the fourth quarter worth $45,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

American Financial Group Price Performance

NYSE:AFG opened at $131.13 on Tuesday. The stock has a market cap of $10.90 billion, a P/E ratio of 12.46 and a beta of 0.64. American Financial Group, Inc. has a one year low of $121.75 and a one year high of $150.02. The company has a fifty day moving average price of $131.54 and a 200 day moving average price of $131.97. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48.

American Financial Group (NYSE:AFG) last released its earnings results on Thursday, April 30th. The insurance provider reported $2.47 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 analyst estimates of $1.70 billion. American Financial Group had a net margin of 10.76% and a return on equity of 19.50%. American Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 earnings per share. Analysts anticipate that American Financial Group, Inc. will post 11.37 earnings per share for the current year.

American Financial Group Announces Dividend

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