6,311 Shares in American Financial Group, Inc. $AFG Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,311 shares of the insurance provider’s stock, valued at approximately $863,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AFG. Dimensional Fund Advisors LP increased its holdings in American Financial Group by 10.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock worth $164,293,000 after purchasing an additional 110,872 shares during the period. Capula Management Ltd purchased a new position in American Financial Group during the 3rd quarter worth $2,087,000. JPMorgan Chase & Co. increased its holdings in American Financial Group by 32.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 407,772 shares of the insurance provider’s stock worth $59,421,000 after purchasing an additional 99,898 shares during the period. UBS Group AG increased its holdings in American Financial Group by 10.1% during the 4th quarter. UBS Group AG now owns 581,805 shares of the insurance provider’s stock worth $79,521,000 after purchasing an additional 53,431 shares during the period. Finally, Victory Capital Management Inc. increased its holdings in American Financial Group by 12.9% during the 3rd quarter. Victory Capital Management Inc. now owns 2,963,942 shares of the insurance provider’s stock worth $431,906,000 after purchasing an additional 337,573 shares during the period. 64.37% of the stock is owned by institutional investors.

American Financial Group Trading Up 1.1%

AFG opened at $132.72 on Thursday. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 12.62 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, Inc. has a 12 month low of $121.98 and a 12 month high of $150.02. The stock has a fifty day moving average price of $131.77 and a 200-day moving average price of $131.90.

American Financial Group (NYSE:AFG) last released its quarterly 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 during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $1.81 earnings per share. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 11.37 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm 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 payout ratio is 33.46%.

Analysts Set New Price Targets

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

American Financial Group 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.