February 10, 2025
Investments

Allspring Global Investments Holdings LLC Has $201,000 Holdings in American Financial Group, Inc. (NYSE:AFG)



Allspring Global Investments Holdings LLC grew its holdings in American Financial Group, Inc. (NYSE:AFGFree Report) by 59.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,473 shares of the insurance provider’s stock after purchasing an additional 547 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Financial Group were worth $201,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in American Financial Group by 20.5% in the 3rd quarter. American Century Companies Inc. now owns 66,045 shares of the insurance provider’s stock valued at $7,375,000 after buying an additional 11,232 shares during the period. Handelsinvest Investeringsforvaltning purchased a new stake in shares of American Financial Group during the 4th quarter worth about $344,000. Vest Financial LLC acquired a new stake in shares of American Financial Group during the 4th quarter valued at about $234,000. AustralianSuper Pty Ltd grew its stake in shares of American Financial Group by 14.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 44,378 shares of the insurance provider’s stock valued at $5,276,000 after buying an additional 5,540 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in American Financial Group by 27.9% in the fourth quarter. Raymond James & Associates now owns 14,295 shares of the insurance provider’s stock worth $1,700,000 after buying an additional 3,121 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Down 5.0 %

AFG opened at $124.89 on Friday. The firm has a market cap of $10.47 billion, a P/E ratio of 11.95 and a beta of 0.78. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.46 and a current ratio of 0.46. The business has a 50 day moving average price of $126.87 and a 200 day moving average price of $126.40. American Financial Group, Inc. has a twelve month low of $105.22 and a twelve month high of $137.71.

American Financial Group (NYSE:AFGGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The insurance provider reported $2.76 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.89 billion. During the same period in the previous year, the company earned $2.89 earnings per share. Research analysts forecast that American Financial Group, Inc. will post 10.93 EPS for the current year.

American Financial Group Announces Dividend

The company 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 annualized dividend 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 27.18%.

Analyst Upgrades and Downgrades

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

View Our Latest Report on American Financial Group

Insider Buying and Selling at American Financial Group

In other news, Director Amy Y. Murray purchased 1,200 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of $125.17 per share, with a total value of $150,204.00. Following the completion of the purchase, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $150,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 14.50% of the company’s stock.

About American Financial Group

(Free Report)

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.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)



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