PUREfi Wealth LLC Invests $262,000 in American Financial Group, Inc. (NYSE:AFG)

PUREfi Wealth LLC bought a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,910 shares of the insurance provider’s stock, valued at approximately $262,000.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of American Financial Group by 78.3% during the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after buying an additional 146,237 shares during the period. Franklin Resources Inc. lifted its position in American Financial Group by 17.4% in the third quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider’s stock valued at $6,833,000 after purchasing an additional 7,365 shares during the period. Argent Capital Management LLC lifted its position in American Financial Group by 9.8% in the fourth quarter. Argent Capital Management LLC now owns 31,362 shares of the insurance provider’s stock valued at $4,294,000 after purchasing an additional 2,787 shares during the period. Quest Partners LLC lifted its position in American Financial Group by 166.1% in the third quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider’s stock valued at $953,000 after purchasing an additional 4,418 shares during the period. Finally, Everence Capital Management Inc. acquired a new stake in American Financial Group in the fourth quarter valued at about $285,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 0.8 %

Shares of American Financial Group stock opened at $123.28 on Friday. American Financial Group, Inc. has a 12-month low of $118.97 and a 12-month high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market cap of $10.35 billion, a PE ratio of 11.66 and a beta of 0.83. The company has a 50-day moving average of $134.65 and a two-hundred day moving average of $134.75.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data 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 return on equity of 20.30% and a net margin of 10.66%. On average, research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.60%. American Financial Group’s dividend payout ratio (DPR) is 30.27%.

Analysts Set New Price Targets

AFG has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Piper Sandler raised their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. Finally, Keefe, Bruyette & Woods downgraded shares of American Financial Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $164.00 to $144.00 in a research report on Friday, February 7th.

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.