Alpha Cubed Investments LLC Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

Alpha Cubed Investments LLC acquired a new stake in American Financial Group, Inc. (NYSE:AFG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 1,782 shares of the insurance provider’s stock, valued at approximately $212,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Retirement Systems of Alabama grew its holdings in American Financial Group by 7.8% in the 4th quarter. Retirement Systems of Alabama now owns 170,743 shares of the insurance provider’s stock valued at $20,300,000 after buying an additional 12,392 shares during the period. Assenagon Asset Management S.A. increased its position in American Financial Group by 1,804.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 96,652 shares of the insurance provider’s stock worth $11,491,000 after purchasing an additional 91,577 shares during the last quarter. Boston Trust Walden Corp raised its stake in American Financial Group by 5.0% during the fourth quarter. Boston Trust Walden Corp now owns 417,924 shares of the insurance provider’s stock worth $49,687,000 after purchasing an additional 19,867 shares during the period. Tudor Investment Corp Et Al boosted its holdings in shares of American Financial Group by 1,096.3% in the 3rd quarter. Tudor Investment Corp Et Al now owns 20,481 shares of the insurance provider’s stock valued at $2,287,000 after purchasing an additional 18,769 shares during the last quarter. Finally, Qsemble Capital Management LP purchased a new stake in shares of American Financial Group during the 3rd quarter valued at $692,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Trading Up 0.7 %

NYSE:AFG opened at $128.68 on Thursday. The business’s 50-day moving average is $129.92 and its two-hundred day moving average is $120.92. The firm has a market capitalization of $10.79 billion, a PE ratio of 12.80 and a beta of 0.79. American Financial Group, Inc. has a 12 month low of $105.22 and a 12 month high of $137.71. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.47 and a quick ratio of 0.47.

American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, May 1st. The insurance provider reported $2.76 EPS for the quarter, beating the consensus estimate of $2.70 by $0.06. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. During the same quarter in the prior year, the company posted $2.89 EPS. Research analysts predict that American Financial Group, Inc. will post 10.99 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, April 15th were given a dividend of $0.71 per share. The ex-dividend date was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.21%. American Financial Group’s payout ratio is currently 28.26%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Piper Sandler reiterated a “neutral” rating and issued a $129.00 target price on shares of American Financial Group in a report on Monday, April 1st. Citigroup boosted their target price on American Financial Group from $139.00 to $150.00 and gave the stock a “buy” rating in a report on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $133.50.

Insider Activity at American Financial Group

In other American Financial Group news, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $121.00, for a total value of $626,296.00. Following the transaction, the senior vice president now owns 45,372 shares in the company, valued at approximately $5,490,012. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other American Financial Group news, VP Mark A. Weiss sold 2,500 shares of the stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the transaction, the vice president now directly owns 7,553 shares in the company, valued at approximately $959,684.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michelle A. Gillis sold 5,176 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $121.00, for a total transaction of $626,296.00. Following the completion of the sale, the senior vice president now directly owns 45,372 shares of the company’s stock, valued at approximately $5,490,012. The disclosure for this sale can be found here. In the last three months, insiders sold 14,843 shares of company stock valued at $1,854,746. Corporate insiders own 14.50% of the company’s stock.

American Financial Group Company Profile

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.