4,127 Shares in American Financial Group, Inc. $AFG Bought by Callan Family Office LLC

Callan Family Office LLC bought a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,127 shares of the insurance provider’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Steph & Co. increased its holdings in shares of American Financial Group by 11.5% during the 1st quarter. Steph & Co. now owns 787 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 81 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in shares of American Financial Group by 4.4% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,975 shares of the insurance provider’s stock valued at $252,000 after acquiring an additional 83 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in American Financial Group by 1.0% in the 1st quarter. Valmark Advisers Inc. now owns 8,307 shares of the insurance provider’s stock worth $1,061,000 after purchasing an additional 85 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in American Financial Group by 3.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,061 shares of the insurance provider’s stock worth $391,000 after purchasing an additional 88 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in American Financial Group by 2.2% during the fourth quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 98 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Down 0.5%

AFG opened at $143.70 on Wednesday. The company has a market capitalization of $11.92 billion, a P/E ratio of 12.56 and a beta of 0.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.49 and a quick ratio of 0.49. The firm’s fifty day moving average price is $141.69 and its two-hundred day moving average price is $134.67. American Financial Group, Inc. has a fifty-two week low of $123.09 and a fifty-two week high of $150.02.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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 analysts’ expectations of $1.85 billion. American Financial Group had a net margin of 11.51% and a return on equity of 20.35%. The business’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.14 EPS. On average, analysts anticipate that American Financial Group, Inc. will post 11.87 EPS for the current year.

American Financial Group Dividend Announcement

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other American Financial Group news, VP Mark A. Weiss sold 2,813 shares of American Financial Group stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $144.76, for a total transaction of $407,209.88. Following the sale, the vice president directly owned 6,648 shares of the company’s stock, valued at approximately $962,364.48. The trade was a 29.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David Lawrence Thompson, Jr. sold 11,370 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $135.05, for a total value of $1,535,518.50. Following the completion of the sale, the insider owned 584,098 shares in the company, valued at approximately $78,882,434.90. This represents a 1.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 16,430 shares of company stock valued at $2,255,061 over the last quarter. Corporate insiders own 16.90% of the company’s stock.

American Financial Group Company 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.