Burney Co. Has $3.17 Million Position in American Financial Group, Inc. (NYSE:AFG)

Burney Co. increased its stake in American Financial Group, Inc. (NYSE:AFG) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,773 shares of the insurance provider’s stock after purchasing an additional 1,578 shares during the period. Burney Co.’s holdings in American Financial Group were worth $3,171,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of American Financial Group during the 4th quarter worth approximately $97,304,000. Victory Capital Management Inc. raised its position in shares of American Financial Group by 5.2% during the 4th quarter. Victory Capital Management Inc. now owns 3,838,501 shares of the insurance provider’s stock valued at $456,359,000 after acquiring an additional 191,269 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of American Financial Group by 43.5% in the 4th quarter. First Trust Advisors LP now owns 264,183 shares of the insurance provider’s stock valued at $31,409,000 after purchasing an additional 80,034 shares during the period. Johnson Investment Counsel Inc. lifted its stake in shares of American Financial Group by 12.1% in the 4th quarter. Johnson Investment Counsel Inc. now owns 585,876 shares of the insurance provider’s stock valued at $69,655,000 after purchasing an additional 63,181 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of American Financial Group in the 4th quarter worth $7,133,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Transactions at American Financial Group

In related news, Director Amy Y. Murray acquired 1,200 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were acquired at an average cost of $125.17 per share, with a total value of $150,204.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $150,204. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AFG has been the subject of a number of recent analyst reports. Citigroup downgraded 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 report on Friday, June 28th. Piper Sandler upped their price target on American Financial Group from $129.00 to $135.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, American Financial Group has a consensus rating of “Hold” and an average target price of $131.75.

American Financial Group Trading Up 0.3 %

AFG stock traded up $0.36 during midday trading on Thursday, hitting $132.61. 67,570 shares of the company’s stock were exchanged, compared to its average volume of 296,133. American Financial Group, Inc. has a one year low of $105.22 and a one year high of $137.71. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $11.12 billion, a PE ratio of 12.66 and a beta of 0.78. The stock’s fifty day moving average price is $126.52 and its 200-day moving average price is $128.07.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the business posted $2.38 EPS. American Financial Group’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts predict that American Financial Group, Inc. will post 10.97 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were issued a $0.71 dividend. This represents a $2.84 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Monday, July 15th. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

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.