MCF Advisors LLC Has $561,000 Stake in American Financial Group, Inc. (NYSE:AFG)

MCF Advisors LLC grew its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 5,862.3% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 4,114 shares of the insurance provider’s stock after buying an additional 4,045 shares during the period. MCF Advisors LLC’s holdings in American Financial Group were worth $561,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Treasurer of the State of North Carolina boosted its holdings in shares of American Financial Group by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 33,796 shares of the insurance provider’s stock worth $3,774,000 after acquiring an additional 133 shares in the last quarter. VisionPoint Advisory Group LLC boosted its stake in 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 in the last quarter. Commerce Bank grew its holdings in shares of American Financial Group by 2.1% during the fourth quarter. Commerce Bank now owns 9,021 shares of the insurance provider’s stock worth $1,073,000 after purchasing an additional 185 shares during the last quarter. Metis Global Partners LLC increased its stake in shares of American Financial Group by 5.3% in the fourth quarter. Metis Global Partners LLC now owns 4,586 shares of the insurance provider’s stock valued at $545,000 after buying an additional 230 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of American Financial Group by 9.9% in the fourth quarter. Cerity Partners LLC now owns 3,136 shares of the insurance provider’s stock valued at $373,000 after buying an additional 283 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Piper Sandler boosted their target price on shares of American Financial Group from $129.00 to $135.00 and gave the stock a “neutral” rating in a research note on Monday, May 6th. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $144.00 to $137.00 in a report on Friday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, American Financial Group currently has a consensus rating of “Hold” and a consensus price target of $131.75.

American Financial Group Trading Down 1.9 %

AFG stock traded down $2.43 during midday trading on Friday, reaching $123.02. The company’s stock had a trading volume of 647,454 shares, compared to its average volume of 235,084. The business’s 50-day simple moving average is $128.25 and its 200-day simple moving average is $125.86. The stock has a market cap of $10.32 billion, a PE ratio of 11.77 and a beta of 0.79. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.35.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $0.06. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.89 billion. American Financial Group had a return on equity of 21.34% and a net margin of 11.03%. During the same quarter in the prior year, the company posted $2.89 earnings per share. As a group, sell-side analysts expect that American Financial Group, Inc. will post 10.94 EPS for the current year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, April 15th were issued a $0.71 dividend. The ex-dividend date was Friday, April 12th. This represents a $2.84 annualized dividend and a yield of 2.31%. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

Insider Transactions at American Financial Group

In other American Financial Group news, Director Amy Y. Murray bought 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The shares were purchased at an average cost of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $150,204. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 14.50% of the company’s stock.

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.