Colony Group LLC boosted its holdings in American Financial Group Inc (NYSE:AFG) by 0.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,745 shares of the insurance provider’s stock after acquiring an additional 220 shares during the period. Colony Group LLC’s holdings in American Financial Group were worth $2,604,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also made changes to their positions in AFG. Solstein Capital LLC bought a new position in shares of American Financial Group in the fourth quarter valued at about $27,000. Meeder Asset Management Inc. boosted its holdings in shares of American Financial Group by 77.1% during the 4th quarter. Meeder Asset Management Inc. now owns 278 shares of the insurance provider’s stock worth $30,000 after buying an additional 121 shares during the period. Orion Portfolio Solutions LLC bought a new stake in shares of American Financial Group during the 4th quarter worth about $31,000. Huntington National Bank grew its stake in American Financial Group by 976.5% in the 4th quarter. Huntington National Bank now owns 366 shares of the insurance provider’s stock valued at $40,000 after buying an additional 332 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new position in American Financial Group in the 4th quarter valued at about $52,000. 65.59% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE AFG opened at $71.07 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.15 and a quick ratio of 0.15. The stock’s fifty day moving average price is $91.60 and its two-hundred day moving average price is $103.70. American Financial Group Inc has a one year low of $44.01 and a one year high of $115.03. The firm has a market cap of $5.34 billion, a price-to-earnings ratio of 7.20, a P/E/G ratio of 1.02 and a beta of 0.91.
American Financial Group (NYSE:AFG) last posted its earnings results on Monday, February 3rd. The insurance provider reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.21 by $0.01. American Financial Group had a return on equity of 12.87% and a net margin of 10.89%. The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the firm earned $1.75 earnings per share. The company’s revenue was up 7.9% on a year-over-year basis. On average, equities analysts anticipate that American Financial Group Inc will post 8.97 earnings per share for the current fiscal year.
Several research firms have weighed in on AFG. TheStreet cut shares of American Financial Group from a “b-” rating to a “c+” rating in a report on Thursday, March 19th. ValuEngine cut American Financial Group from a “hold” rating to a “sell” rating in a report on Thursday, December 5th. Finally, Piper Sandler decreased their target price on American Financial Group from $124.00 to $100.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $109.33.
American Financial Group Company Profile
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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