American Financial Group, Inc. (NYSE:AFG) Shares Acquired by Barclays PLC

Barclays PLC increased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 11.0% during the third quarter, Holdings Channel reports. The institutional investor owned 63,333 shares of the insurance provider’s stock after buying an additional 6,272 shares during the quarter. Barclays PLC’s holdings in American Financial Group were worth $8,528,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its position in shares of American Financial Group by 7.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 35,248 shares of the insurance provider’s stock worth $4,744,000 after acquiring an additional 2,500 shares in the last quarter. MML Investors Services LLC increased its stake in American Financial Group by 3.5% in the third quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock valued at $458,000 after purchasing an additional 116 shares during the last quarter. iA Global Asset Management Inc. purchased a new position in American Financial Group in the third quarter valued at approximately $125,000. EP Wealth Advisors LLC acquired a new stake in American Financial Group during the third quarter worth approximately $225,000. Finally, State Street Corp lifted its position in shares of American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after buying an additional 104,172 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 1.4 %

NYSE:AFG opened at $137.89 on Wednesday. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a fifty day moving average price of $138.14 and a two-hundred day moving average price of $132.31. The stock has a market capitalization of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.82.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate 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 firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the business earned $2.45 EPS. As a group, sell-side analysts anticipate 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 disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders 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 dividend payout ratio (DPR) is 29.99%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. 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. Piper Sandler raised their price target on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

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.