Mutual of America Capital Management LLC Has $11.83 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Mutual of America Capital Management LLC boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 86,418 shares of the insurance provider’s stock after purchasing an additional 1,375 shares during the quarter. Mutual of America Capital Management LLC’s holdings in American Financial Group were worth $11,833,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of American Financial Group by 270.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,156 shares of the insurance provider’s stock worth $156,000 after purchasing an additional 844 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in American Financial Group by 16.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 6,074 shares of the insurance provider’s stock worth $818,000 after buying an additional 868 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of American Financial Group by 16.6% during the third quarter. State of Alaska Department of Revenue now owns 9,218 shares of the insurance provider’s stock worth $1,240,000 after buying an additional 1,315 shares in the last quarter. US Bancorp DE raised its stake in shares of American Financial Group by 16.0% in the third quarter. US Bancorp DE now owns 12,777 shares of the insurance provider’s stock valued at $1,720,000 after acquiring an additional 1,764 shares during the last quarter. Finally, F M Investments LLC bought a new position in shares of American Financial Group in the third quarter valued at approximately $355,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares in the company, valued at $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.50% of the stock is owned by corporate insiders.

American Financial Group Stock Up 0.8 %

NYSE:AFG opened at $126.24 on Friday. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 11.94 and a beta of 0.83. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The stock’s fifty day moving average price is $131.45 and its two-hundred day moving average price is $134.45. American Financial Group, Inc. has a 52-week low of $118.97 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently announced a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s dividend payout ratio (DPR) is presently 30.27%.

Wall Street Analyst Weigh In

AFG has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler raised 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. Finally, Keefe, Bruyette & Woods downgraded shares of American Financial Group from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

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.