Fmr LLC Purchases 202,522 Shares of American Financial Group, Inc. (NYSE:AFG)

Fmr LLC lifted its position in shares of American Financial Group, Inc. (NYSE:AFG) by 3.8% in the 3rd quarter, Holdings Channel reports. The fund owned 5,516,351 shares of the insurance provider’s stock after buying an additional 202,522 shares during the quarter. Fmr LLC owned 0.07% of American Financial Group worth $742,501,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its stake in shares of American Financial Group by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock worth $102,921,000 after acquiring an additional 7,797 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in American Financial Group by 0.4% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock worth $70,881,000 after purchasing an additional 2,389 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in American Financial Group by 8.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock worth $67,719,000 after purchasing an additional 39,623 shares in the last quarter. EULAV Asset Management lifted its holdings in American Financial Group by 9.4% during the 3rd quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock worth $67,128,000 after purchasing an additional 42,902 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its holdings in American Financial Group by 8.6% during the 2nd quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock worth $60,528,000 after purchasing an additional 38,937 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

NYSE:AFG opened at $147.93 on Friday. The business’s 50-day moving average price is $136.64 and its two-hundred day moving average price is $131.30. American Financial Group, Inc. has a twelve month low of $110.53 and a twelve month high of $150.19. The stock has a market cap of $12.42 billion, a P/E ratio of 13.86 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

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

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a $4.00 dividend. The ex-dividend date was Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00. 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.