Golden State Wealth Management LLC Invests $1.03 Million in American Financial Group, Inc. (NYSE:AFG)

Golden State Wealth Management LLC acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 7,500 shares of the insurance provider’s stock, valued at approximately $1,027,000.

A number of other hedge funds also recently made changes to their positions in AFG. FMR LLC lifted its holdings in American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock valued at $742,501,000 after purchasing an additional 202,522 shares in the last quarter. State Street Corp raised its position in shares of American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock valued at $362,526,000 after purchasing an additional 104,172 shares during the period. Geode Capital Management LLC lifted its stake in shares of American Financial Group by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after buying an additional 143,820 shares in the last quarter. Fort Washington Investment Advisors Inc. OH boosted its holdings in American Financial Group by 0.6% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 607,677 shares of the insurance provider’s stock worth $83,209,000 after buying an additional 3,580 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in American Financial Group by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock worth $67,719,000 after buying an additional 39,623 shares during the period. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Performance

NYSE AFG opened at $128.74 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 1-year low of $115.64 and a 1-year high of $150.19. The business has a 50 day simple moving average of $137.23 and a two-hundred day simple moving average of $134.81. The stock has a market capitalization of $10.80 billion, a PE ratio of 12.07 and a beta of 0.83.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. On average, research analysts predict that American Financial Group, Inc. will post 10.83 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Tuesday, January 14th. American Financial Group’s dividend payout ratio is 29.99%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. BMO Capital Markets upped their price target on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $164.00 to $144.00 in a research report on Friday. Finally, Piper Sandler lifted their price target on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th.

About American Financial Group

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.