Confluence Wealth Services Inc. Acquires 919 Shares of American Financial Group, Inc. (NYSE:AFG)

Confluence Wealth Services Inc. increased its holdings in American Financial Group, Inc. (NYSE:AFG) by 17.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,125 shares of the insurance provider’s stock after purchasing an additional 919 shares during the quarter. Confluence Wealth Services Inc.’s holdings in American Financial Group were worth $836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. VisionPoint Advisory Group LLC grew its stake in shares of American Financial Group by 132.5% in the third quarter. VisionPoint Advisory Group LLC now owns 272 shares of the insurance provider’s stock worth $30,000 after purchasing an additional 155 shares during the last quarter. Arlington Trust Co LLC bought a new stake in shares of American Financial Group in the fourth quarter worth about $42,000. Itau Unibanco Holding S.A. bought a new stake in shares of American Financial Group in the third quarter worth about $52,000. GAMMA Investing LLC bought a new stake in shares of American Financial Group in the fourth quarter worth about $53,000. Finally, Allspring Global Investments Holdings LLC boosted its position in American Financial Group by 7,616.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 926 shares of the insurance provider’s stock valued at $110,000 after acquiring an additional 914 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Piper Sandler reaffirmed a “neutral” rating and set a $129.00 price objective on shares of American Financial Group in a research report on Monday, April 1st. Citigroup lifted their price objective on American Financial Group from $139.00 to $150.00 and gave the company a “buy” rating in a research report on Monday, March 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Financial Group currently has an average rating of “Hold” and an average target price of $133.50.

American Financial Group Stock Up 0.0 %

American Financial Group stock traded up $0.05 during trading hours on Tuesday, hitting $127.75. 258,527 shares of the stock traded hands, compared to its average volume of 334,580. The firm’s 50-day moving average price is $129.84 and its two-hundred day moving average price is $120.87. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.35. The company has a market cap of $10.71 billion, a PE ratio of 12.71 and a beta of 0.79. American Financial Group, Inc. has a one year low of $105.22 and a one year high of $137.71.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. American Financial Group had a return on equity of 22.14% and a net margin of 10.89%. The firm had revenue of $1.73 billion for the quarter, compared to analysts’ expectations of $1.67 billion. During the same period in the previous year, the firm posted $2.99 EPS. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. On average, research analysts forecast that American Financial Group, Inc. will post 10.99 EPS for the current year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, April 15th were issued a $0.71 dividend. The ex-dividend date of this dividend was Friday, April 12th. This represents a $2.84 dividend on an annualized basis and a yield of 2.22%. American Financial Group’s payout ratio is currently 28.26%.

Insider Buying and Selling

In related news, CFO Brian S. Hertzman sold 1,067 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total value of $135,455.65. Following the completion of the transaction, the chief financial officer now directly owns 10,583 shares in the company, valued at approximately $1,343,511.85. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other American Financial Group news, CFO Brian S. Hertzman sold 1,067 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $126.95, for a total transaction of $135,455.65. Following the completion of the sale, the chief financial officer now directly owns 10,583 shares in the company, valued at approximately $1,343,511.85. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Mark A. Weiss sold 2,500 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $127.06, for a total transaction of $317,650.00. Following the sale, the vice president now owns 7,553 shares of the company’s stock, valued at $959,684.18. The disclosure for this sale can be found here. Insiders sold a total of 14,843 shares of company stock worth $1,854,746 in the last three months. Insiders own 14.50% of the company’s stock.

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.