Focus Partners Advisor Solutions LLC Makes New Investment in American Financial Group, Inc. $AFG

Key Points

• Focus Partners Advisor Solutions LLC made a new investment in American Financial Group, purchasing 3,311 shares valued at approximately $435,000 in the first quarter of 2023.
• Multiple institutional investors have increased their stakes in American Financial Group, with 64.37% of the company's stock now owned by these entities.
• Analysts have mixed opinions on American Financial Group, with a consensus target price of $136.75 and four analysts rating the stock as a "Hold."

Focus Partners Advisor Solutions LLC purchased a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 3,311 shares of the insurance provider's stock, valued at approximately $435,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its position in American Financial Group by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 59,633 shares of the insurance provider's stock worth $7,832,000 after acquiring an additional 5,799 shares in the last quarter. Sowell Financial Services LLC bought a new stake in American Financial Group in the first quarter worth about $282,000. Teacher Retirement System of Texas bought a new stake in American Financial Group in the first quarter worth about $1,370,000. Private Trust Co. NA raised its position in American Financial Group by 144.3% in the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock worth $28,000 after acquiring an additional 127 shares in the last quarter. Finally, QRG Capital Management Inc. raised its holdings in American Financial Group by 10.5% during the 1st quarter. QRG Capital Management Inc. now owns 5,427 shares of the insurance provider's stock worth $713,000 after buying an additional 514 shares during the period. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on AFG. Jefferies Financial Group upped their price objective on shares of American Financial Group from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Wall Street Zen lowered shares of American Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, August 30th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of American Financial Group from $127.00 to $124.00 and set a "market perform" rating for the company in a research note on Tuesday, August 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, American Financial Group presently has an average rating of "Hold" and a consensus target price of $136.75.

Insider Buying and Selling at American Financial Group

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

American Financial Group Price Performance

Shares of AFG opened at $138.58 on Friday. The company has a market capitalization of $11.56 billion, a price-to-earnings ratio of 15.23 and a beta of 0.73. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The business's 50-day moving average is $129.52 and its 200-day moving average is $126.68.

American Financial Group (NYSE:AFG - Get Free Report) last issued its 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. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The firm's quarterly revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.56 EPS. Equities research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a $0.80 dividend. The ex-dividend date was Tuesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.3%. American Financial Group's dividend payout ratio is currently 35.16%.

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.

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