MetLife Investment Management LLC Increases Stake in American Financial Group, Inc. (NYSE:AFG)

MetLife Investment Management LLC raised its holdings in American Financial Group, Inc. (NYSE:AFG) by 7.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,288 shares of the insurance provider’s stock after buying an additional 2,727 shares during the period. MetLife Investment Management LLC’s holdings in American Financial Group were worth $5,019,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Innealta Capital LLC purchased a new position in American Financial Group in the second quarter valued at $30,000. Headlands Technologies LLC purchased a new position in shares of American Financial Group in the 2nd quarter valued at about $38,000. Blue Trust Inc. grew its position in shares of American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after buying an additional 133 shares in the last quarter. nVerses Capital LLC increased its stake in shares of American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after buying an additional 400 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in American Financial Group in the second quarter valued at approximately $85,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Piper Sandler boosted their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets boosted their target price on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th.

American Financial Group Stock Down 0.7 %

Shares of NYSE:AFG opened at $146.86 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm has a 50 day simple moving average of $136.87 and a 200-day simple moving average of $131.42. The company has a market capitalization of $12.33 billion, a PE ratio of 13.76 and a beta of 0.79. American Financial Group, Inc. has a twelve month low of $110.87 and a twelve month high of $150.19.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. On average, equities analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The company also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a $4.00 dividend. This is an increase from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend was Friday, November 15th. American Financial Group’s dividend payout ratio is presently 29.99%.

American Financial Group Company Profile

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.