Edgestream Partners L.P. Has $3.29 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Edgestream Partners L.P. boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 308.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,080 shares of the insurance provider’s stock after purchasing an additional 18,185 shares during the quarter. Edgestream Partners L.P.’s holdings in American Financial Group were worth $3,286,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Arlington Trust Co LLC acquired a new position in shares of American Financial Group in the 4th quarter valued at $42,000. GAMMA Investing LLC acquired a new position in shares of American Financial Group in the 4th quarter valued at $53,000. Allspring Global Investments Holdings LLC raised its stake in shares of American Financial Group by 7,616.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after buying an additional 914 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of American Financial Group by 691.7% in the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,148 shares of the insurance provider’s stock valued at $157,000 after buying an additional 1,003 shares in the last quarter. Finally, Mather Group LLC. acquired a new position in shares of American Financial Group in the 1st quarter valued at $195,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Price Performance

Shares of AFG traded down $0.05 during trading hours on Monday, hitting $124.87. The stock had a trading volume of 452,176 shares, compared to its average volume of 307,217. The company’s fifty day moving average is $126.87 and its two-hundred day moving average is $126.51. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.71. The stock has a market capitalization of $10.47 billion, a price-to-earnings ratio of 12.02 and a beta of 0.78.

American Financial Group (NYSE:AFG) last posted its earnings results on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, topping the consensus estimate of $2.70 by $0.06. American Financial Group had a net margin of 11.03% and a return on equity of 21.34%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the prior year, the firm earned $2.89 EPS. On average, analysts anticipate that American Financial Group, Inc. will post 10.93 EPS for the current year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, July 15th will be issued a dividend of $0.71 per share. This represents a $2.84 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Monday, July 15th. American Financial Group’s dividend payout ratio is currently 27.18%.

Insiders Place Their Bets

In related news, Director Amy Y. Murray acquired 1,200 shares of the firm’s stock in a transaction on Friday, June 28th. The shares were purchased at an average price of $125.17 per share, with a total value of $150,204.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $150,204. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 14.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFG. Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $144.00 to $137.00 in a research note on Friday, June 28th. Piper Sandler upped their target price on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $131.75.

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.