Yousif Capital Management LLC Trims Stake in American Financial Group, Inc. (NYSE:AFG)

Yousif Capital Management LLC cut its position in American Financial Group, Inc. (NYSE:AFG) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,949 shares of the insurance provider’s stock after selling 763 shares during the quarter. Yousif Capital Management LLC’s holdings in American Financial Group were worth $3,690,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AFG. abrdn plc acquired a new stake in shares of American Financial Group in the fourth quarter valued at approximately $223,000. Boston Trust Walden Corp increased its holdings in shares of American Financial Group by 8.2% in the 4th quarter. Boston Trust Walden Corp now owns 462,399 shares of the insurance provider’s stock valued at $63,316,000 after acquiring an additional 35,100 shares during the period. JB Capital LLC raised its position in American Financial Group by 3.3% in the 4th quarter. JB Capital LLC now owns 4,039 shares of the insurance provider’s stock valued at $553,000 after purchasing an additional 129 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in American Financial Group by 4.6% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,226 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 97 shares during the period. Finally, Custom Index Systems LLC grew its position in American Financial Group by 5.1% during the 4th quarter. Custom Index Systems LLC now owns 9,867 shares of the insurance provider’s stock worth $1,351,000 after purchasing an additional 476 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Down 1.7 %

Shares of NYSE:AFG opened at $126.42 on Friday. American Financial Group, Inc. has a fifty-two week low of $117.56 and a fifty-two week high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $136.85 and its 200-day simple moving average is $134.77. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 11.85 and a beta of 0.83.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. As a group, equities research analysts predict that American Financial Group, Inc. will post 10.83 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Tuesday, January 14th. American Financial Group’s payout ratio is 29.99%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets upped their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods downgraded American Financial Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $164.00 to $144.00 in a research note on Friday. Finally, Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th.

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.