2,485 Shares in American Financial Group, Inc. (NYSE:AFG) Purchased by MQS Management LLC

MQS Management LLC acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) in the third quarter, HoldingsChannel reports. The fund acquired 2,485 shares of the insurance provider’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. grew its position in shares of American Financial Group by 3.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 147,860 shares of the insurance provider’s stock worth $19,902,000 after buying an additional 5,352 shares in the last quarter. GSA Capital Partners LLP acquired a new position in American Financial Group during the 3rd quarter worth $579,000. Crossmark Global Holdings Inc. increased its position in shares of American Financial Group by 37.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,717 shares of the insurance provider’s stock worth $770,000 after purchasing an additional 1,557 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 125 shares in the last quarter. Finally, QRG Capital Management Inc. raised its stake in shares of American Financial Group by 13.4% in the 3rd quarter. QRG Capital Management Inc. now owns 4,468 shares of the insurance provider’s stock valued at $601,000 after purchasing an additional 529 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 8th. Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday.

American Financial Group Trading Down 1.2 %

NYSE AFG opened at $142.01 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.53. American Financial Group, Inc. has a one year low of $108.39 and a one year high of $144.81. The company has a 50-day simple moving average of $134.68 and a 200-day simple moving average of $130.19. The firm has a market capitalization of $11.92 billion, a PE ratio of 13.27 and a beta of 0.79.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 earnings per share. On average, equities analysts forecast that American Financial Group, Inc. will post 10.88 earnings per share for the current year.

American Financial Group Increases Dividend

The business also recently announced a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be paid a $4.00 dividend. This is a boost from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is Friday, November 15th. American Financial Group’s dividend payout ratio (DPR) 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.