Golden State Wealth Management LLC Acquires 7,518 Shares of American Financial Group, Inc. (NYSE:AFG)

Golden State Wealth Management LLC grew its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 100.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,018 shares of the insurance provider's stock after acquiring an additional 7,518 shares during the period. Golden State Wealth Management LLC's holdings in American Financial Group were worth $1,972,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Horan Securities Inc. lifted its position in American Financial Group by 3.2% during the 4th quarter. Horan Securities Inc. now owns 2,595 shares of the insurance provider's stock worth $355,000 after acquiring an additional 81 shares during the last quarter. Shoker Investment Counsel Inc. grew its stake in shares of American Financial Group by 3.3% in the 4th quarter. Shoker Investment Counsel Inc. now owns 2,648 shares of the insurance provider's stock valued at $363,000 after purchasing an additional 85 shares during the period. Legacy Financial Advisors Inc. raised its holdings in shares of American Financial Group by 2.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 4,127 shares of the insurance provider's stock worth $565,000 after buying an additional 100 shares in the last quarter. Utah Retirement Systems lifted its position in shares of American Financial Group by 0.8% during the 4th quarter. Utah Retirement Systems now owns 11,917 shares of the insurance provider's stock worth $1,632,000 after buying an additional 100 shares during the period. Finally, Amalgamated Bank boosted its stake in American Financial Group by 0.4% in the 4th quarter. Amalgamated Bank now owns 34,506 shares of the insurance provider's stock valued at $4,725,000 after buying an additional 124 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AFG. Wall Street Zen cut shares of American Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods dropped their price target on American Financial Group from $126.00 to $125.00 and set a "market perform" rating for the company in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $138.75.

American Financial Group Price Performance

AFG traded up $0.95 during midday trading on Thursday, hitting $123.63. The company had a trading volume of 49,351 shares, compared to its average volume of 504,743. The firm's 50-day simple moving average is $124.91 and its 200-day simple moving average is $128.42. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $10.34 billion, a PE ratio of 12.99 and a beta of 0.72.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.74 billion. American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The firm's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.76 EPS. Equities research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.59%. The ex-dividend date was Tuesday, April 15th. American Financial Group's dividend payout ratio (DPR) is 33.61%.

American Financial Group 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.