Caisse de depot et placement du Quebec purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 40,000 shares of the insurance provider's stock, valued at approximately $5,598,000.
Several other hedge funds have also recently modified their holdings of AFG. Cassaday & Co Wealth Management LLC purchased a new position in American Financial Group during the first quarter worth about $26,000. Global Retirement Partners LLC boosted its holdings in American Financial Group by 904.8% in the 4th quarter. Global Retirement Partners LLC now owns 211 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 190 shares in the last quarter. Clearstead Advisors LLC increased its position in American Financial Group by 87.7% during the 4th quarter. Clearstead Advisors LLC now owns 259 shares of the insurance provider's stock worth $35,000 after purchasing an additional 121 shares during the period. Keating Financial Advisory Services Inc. acquired a new position in American Financial Group during the 2nd quarter worth approximately $42,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of American Financial Group during the 2nd quarter worth approximately $46,000. 64.37% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, insider David Lawrence Thompson, Jr. sold 11,370 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $135.05, for a total value of $1,535,518.50. Following the completion of the transaction, the insider owned 584,098 shares in the company, valued at $78,882,434.90. This trade represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Michelle A. Gillis sold 2,247 shares of American Financial Group stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $139.00, for a total value of $312,333.00. Following the transaction, the senior vice president directly owned 13,135 shares of the company's stock, valued at $1,825,765. This trade represents a 14.61% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 16,430 shares of company stock valued at $2,255,061. 16.90% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
AFG has been the subject of several recent analyst reports. Piper Sandler raised their price target on American Financial Group from $140.00 to $156.00 and gave the company a "neutral" rating in a report on Monday, August 10th. Wall Street Zen raised American Financial Group from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Wells Fargo & Company increased their price objective on American Financial Group from $158.00 to $173.00 and gave the stock an "overweight" rating in a research report on Thursday, July 9th. Weiss Ratings raised American Financial Group from a "buy (b-)" rating to a "buy (b)" rating in a report on Tuesday, August 11th. Finally, Keefe, Bruyette & Woods boosted 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 research report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $156.00.
Get Our Latest Report on American Financial Group
American Financial Group Trading Up 0.7%
Shares of AFG opened at $143.55 on Friday. American Financial Group, Inc. has a twelve month low of $123.09 and a twelve month high of $150.02. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $11.90 billion, a P/E ratio of 12.55 and a beta of 0.62. The firm's 50-day moving average is $142.33 and its two-hundred day moving average is $134.92.
American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The insurance provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.32 by $0.50. The company had revenue of $2.03 billion during the quarter, compared to the consensus estimate of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The company's revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the firm earned $2.14 EPS. On average, research analysts predict that American Financial Group, Inc. will post 12.13 earnings per share for the current fiscal year.
American Financial Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Wednesday, July 15th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, July 15th. American Financial Group's dividend payout ratio (DPR) is presently 30.77%.
American Financial Group Profile
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider American Financial Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Financial Group wasn't on the list.
While American Financial Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy is entering a new growth cycle as rising power demand, expanding data centers, and renewed policy support bring the sector back into focus. After strong gains in recent years, the most impactful phase of nuclear investment may still be ahead.
This report highlights seven nuclear energy stocks positioned across the value chain—combining near-term revenue with long-term upside as next-generation technologies scale. Click the link below to unlock the full list.
Get This Free Report
