Burney Co. Has $4.12 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Burney Co. raised its position in shares of American Financial Group, Inc. (NYSE:AFG) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,090 shares of the insurance provider’s stock after purchasing an additional 3,548 shares during the quarter. Burney Co.’s holdings in American Financial Group were worth $4,120,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of AFG. Pensionfund Sabic boosted its position in shares of American Financial Group by 37.5% in the fourth quarter. Pensionfund Sabic now owns 11,000 shares of the insurance provider’s stock worth $1,506,000 after buying an additional 3,000 shares during the period. Everence Capital Management Inc. acquired a new stake in shares of American Financial Group in the fourth quarter worth $285,000. GAMMA Investing LLC boosted its position in shares of American Financial Group by 31.6% in the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock worth $145,000 after buying an additional 254 shares during the period. JPMorgan Chase & Co. boosted its position in shares of American Financial Group by 78.3% in the third quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after buying an additional 146,237 shares during the period. Finally, Lord Abbett & CO. LLC boosted its position in shares of American Financial Group by 0.4% in the third quarter. Lord Abbett & CO. LLC now owns 399,177 shares of the insurance provider’s stock worth $53,729,000 after buying an additional 1,563 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. BMO Capital Markets raised their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Keefe, Bruyette & Woods decreased their target price on American Financial Group from $165.00 to $164.00 and set an “outperform” rating for the company in a research report on Friday, January 10th. Finally, Piper Sandler lifted their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Price Performance

AFG opened at $136.24 on Thursday. The stock has a market cap of $11.43 billion, a price-to-earnings ratio of 12.77 and a beta of 0.83. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average price of $139.26 and a 200 day moving average price of $133.63.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.45 EPS. Analysts forecast that American Financial Group, Inc. will post 10.74 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be given a $0.80 dividend. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.35%. American Financial Group’s dividend payout ratio is currently 29.99%.

About American Financial Group

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.