UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 31,240 Shares of American Financial Group, Inc. $AFG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in American Financial Group, Inc. (NYSE:AFG) by 14.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 241,925 shares of the insurance provider’s stock after buying an additional 31,240 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Financial Group were worth $33,855,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Louisiana State Employees Retirement System acquired a new stake in American Financial Group during the 1st quarter worth approximately $2,567,000. First Trust Advisors LP grew its holdings in American Financial Group by 433.2% in the 1st quarter. First Trust Advisors LP now owns 316,974 shares of the insurance provider’s stock valued at $40,481,000 after buying an additional 257,522 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in American Financial Group by 281.1% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 28,243 shares of the insurance provider’s stock valued at $3,607,000 after buying an additional 20,832 shares in the last quarter. Bank of Nova Scotia bought a new position in American Financial Group during the 2nd quarter worth $6,760,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in American Financial Group by 377.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 49,681 shares of the insurance provider’s stock worth $6,790,000 after buying an additional 39,279 shares during the period. 64.37% of the stock is owned by institutional investors.

Insider Activity at American Financial Group

In other news, SVP Michelle A. Gillis sold 2,247 shares of the company’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $139.00, for a total transaction of $312,333.00. Following the completion of the transaction, the senior vice president directly owned 13,135 shares in the company, valued at approximately $1,825,765. This represents a 14.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mark A. Weiss sold 2,813 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $144.76, for a total value of $407,209.88. Following the completion of the transaction, the vice president owned 6,648 shares of the company’s stock, valued at $962,364.48. The trade was a 29.73% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 17,380 shares of company stock worth $2,390,788 in the last 90 days. 16.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AFG. Weiss Ratings raised shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Wells Fargo & Company raised their price target on shares of American Financial Group from $158.00 to $173.00 and gave the stock an “overweight” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Piper Sandler increased their target price on shares of American Financial Group from $140.00 to $156.00 and gave the stock a “neutral” rating in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods raised their target price on shares of American Financial Group from $148.00 to $153.00 and gave the stock a “market perform” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, American Financial Group presently has an average rating of “Hold” and a consensus target price of $156.00.

American Financial Group Price Performance

Shares of AFG stock opened at $144.45 on Friday. The business has a fifty day simple moving average of $142.86 and a 200 day simple moving average of $135.35. The company has a market cap of $11.98 billion, a P/E ratio of 12.63 and a beta of 0.60. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. American Financial Group, Inc. has a twelve month low of $123.09 and a twelve month high of $150.02.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, August 4th. The insurance provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.32 by $0.50. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The firm had revenue of $2.03 billion during the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the prior year, the business earned $2.14 earnings per share. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that American Financial Group, Inc. will post 12.13 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 15th were given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Wednesday, July 15th. American Financial Group’s dividend payout ratio is currently 30.77%.

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.