Edgestream Partners L.P. Buys Shares of 6,491 American Financial Group, Inc. (NYSE:AFG)

Edgestream Partners L.P. purchased a new stake in shares of American Financial Group, Inc. (NYSE:AFG) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 6,491 shares of the insurance provider’s stock, valued at approximately $874,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Tidal Investments LLC lifted its stake in American Financial Group by 23.4% during the first quarter. Tidal Investments LLC now owns 2,742 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 520 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of American Financial Group by 2.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider’s stock valued at $937,000 after buying an additional 136 shares during the period. GAMMA Investing LLC lifted its stake in American Financial Group by 59.2% during the 2nd quarter. GAMMA Investing LLC now owns 769 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 286 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in American Financial Group by 2.2% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,196 shares of the insurance provider’s stock valued at $885,000 after acquiring an additional 156 shares during the period. Finally, QRG Capital Management Inc. grew its position in American Financial Group by 3.7% in the 2nd quarter. QRG Capital Management Inc. now owns 3,939 shares of the insurance provider’s stock valued at $485,000 after acquiring an additional 141 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AFG has been the topic of several research reports. BMO Capital Markets increased their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Piper Sandler increased their target price 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.

American Financial Group Stock Up 0.6 %

Shares of NYSE:AFG opened at $142.89 on Thursday. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The firm’s 50 day moving average price is $137.28 and its 200 day moving average price is $131.63. 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 stock has a market cap of $11.99 billion, a price-to-earnings ratio of 13.39 and a beta of 0.82.

American Financial Group (NYSE:AFG) last released 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%. American Financial Group’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period last year, the firm posted $2.45 earnings per share. As a group, equities research analysts predict that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a dividend of $4.00 per share. This is a boost from American Financial Group’s previous None dividend of $1.00. The ex-dividend date was Friday, November 15th. American Financial Group’s payout ratio is presently 29.99%.

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.