Dimensional Fund Advisors LP Has $135.74 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Dimensional Fund Advisors LP increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,143,086 shares of the insurance provider’s stock after buying an additional 51,849 shares during the quarter. Dimensional Fund Advisors LP owned 1.35% of American Financial Group worth $135,740,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Vestor Capital LLC raised its stake in shares of American Financial Group by 16,900.2% in the 2nd quarter. Vestor Capital LLC now owns 102,001 shares of the insurance provider’s stock valued at $18,893,000 after purchasing an additional 101,401 shares during the period. TD Asset Management Inc raised its stake in shares of American Financial Group by 16.1% in the 2nd quarter. TD Asset Management Inc now owns 17,860 shares of the insurance provider’s stock valued at $2,121,000 after purchasing an additional 2,481 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of American Financial Group by 7.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,764 shares of the insurance provider’s stock valued at $4,009,000 after purchasing an additional 2,297 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of American Financial Group by 17.5% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 33,169 shares of the insurance provider’s stock valued at $3,939,000 after acquiring an additional 4,932 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of American Financial Group by 5.6% in the second quarter. Rhumbline Advisers now owns 215,752 shares of the insurance provider’s stock valued at $25,621,000 after acquiring an additional 11,523 shares during the last quarter. Institutional investors and hedge funds own 63.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AFG shares. StockNews.com started coverage on American Financial Group in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Jefferies Financial Group started coverage on American Financial Group in a research report on Thursday, September 7th. They issued a “hold” rating and a $120.00 target price on the stock. Finally, Piper Sandler lowered their target price on American Financial Group from $140.00 to $129.00 and set an “overweight” rating on the stock in a research report on Monday, November 6th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, American Financial Group has a consensus rating of “Hold” and an average target price of $138.50.

American Financial Group Trading Down 0.2 %

American Financial Group stock opened at $108.99 on Tuesday. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $144.62. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.50 and a current ratio of 0.50. The stock has a market capitalization of $9.13 billion, a P/E ratio of 10.73 and a beta of 0.81. The stock has a 50-day simple moving average of $110.61 and a 200 day simple moving average of $114.17.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Thursday, November 2nd. The insurance provider reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.02). American Financial Group had a return on equity of 22.85% and a net margin of 11.27%. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.65 billion. During the same quarter in the previous year, the business posted $2.24 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts expect that American Financial Group, Inc. will post 10.57 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Monday, November 13th will be issued a dividend of $1.50 per share. The ex-dividend date of this dividend is Friday, November 10th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s payout ratio is currently 27.95%.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.