Geode Capital Management LLC Has $208.70 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Geode Capital Management LLC grew its position in American Financial Group, Inc. (NYSE:AFG) by 10.2% in the third quarter, Holdings Channel reports. The fund owned 1,553,207 shares of the insurance provider’s stock after acquiring an additional 143,820 shares during the quarter. Geode Capital Management LLC’s holdings in American Financial Group were worth $208,699,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Innealta Capital LLC bought a new position in shares of American Financial Group during the second quarter valued at $30,000. Headlands Technologies LLC acquired a new stake in American Financial Group in the second quarter valued at $38,000. Blue Trust Inc. raised its position in American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 133 shares during the last quarter. nVerses Capital LLC lifted its holdings in American Financial Group by 200.0% during the 2nd 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 bought a new stake in shares of American Financial Group in the 2nd quarter valued at about $85,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of AFG opened at $139.91 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’s fifty day simple moving average is $138.05 and its two-hundred day simple moving average is $132.22. American Financial Group, Inc. has a 12 month low of $115.64 and a 12 month high of $150.19. The stock has a market capitalization of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS 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 for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the previous year, the company earned $2.45 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

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

Analysts Set New Price Targets

AFG has been the subject of a number of analyst reports. Piper Sandler raised their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets increased their target price on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th.

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.