Callan Family Office LLC Acquires New Holdings in American Financial Group, Inc. $AFG

Callan Family Office LLC acquired a new stake in American Financial Group, Inc. (NYSE:AFG) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 3,348 shares of the insurance provider’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. American Financial Group Inc. 401 K Retirement & Savings Plan grew its position in shares of American Financial Group by 0.9% in the 1st quarter. American Financial Group Inc. 401 K Retirement & Savings Plan now owns 2,616,928 shares of the insurance provider’s stock valued at $343,707,000 after purchasing an additional 23,228 shares during the period. Charles Schwab Investment Management Inc. boosted its position in American Financial Group by 395.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider’s stock worth $331,071,000 after acquiring an additional 2,012,027 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American Financial Group by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 983,398 shares of the insurance provider’s stock worth $129,147,000 after acquiring an additional 14,265 shares during the last quarter. Northern Trust Corp boosted its position in American Financial Group by 2.4% during the 1st quarter. Northern Trust Corp now owns 820,955 shares of the insurance provider’s stock worth $107,824,000 after acquiring an additional 18,886 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in American Financial Group by 8.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 707,682 shares of the insurance provider’s stock worth $92,947,000 after acquiring an additional 54,204 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Down 3.1%

AFG opened at $136.47 on Thursday. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The stock’s fifty day simple moving average is $138.56 and its 200 day simple moving average is $129.91. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33. The stock has a market cap of $11.38 billion, a PE ratio of 15.00 and a beta of 0.74.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the business earned $2.56 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Wednesday, October 15th will be given a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.6%. The ex-dividend date is Wednesday, October 15th. This is a positive change from American Financial Group’s previous quarterly dividend of $0.80. American Financial Group’s dividend payout ratio (DPR) is 35.16%.

Wall Street Analyst Weigh In

AFG has been the subject of a number of recent research reports. Wall Street Zen raised American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Keefe, Bruyette & Woods reduced their price target on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a research report on Tuesday, August 12th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Financial Group in a research report on Wednesday, October 8th. Finally, Jefferies Financial Group upped their price target on American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Five analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $136.75.

Insiders Place Their Bets

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the transaction, the director owned 326,730 shares in the company, valued at $43,883,106.30. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.40% of the stock is owned by insiders.

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.