Quantinno Capital Management LP raised its position in American Financial Group, Inc. (NYSE:AFG – Free Report) by 6.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,069 shares of the insurance provider’s stock after buying an additional 286 shares during the quarter. Quantinno Capital Management LP’s holdings in American Financial Group were worth $682,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Innealta Capital LLC acquired a new position in American Financial Group in the 2nd quarter valued at $30,000. Headlands Technologies LLC acquired a new position in American Financial Group in the 2nd quarter valued at $38,000. Blue Trust Inc. grew its holdings in American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares in the last quarter. nVerses Capital LLC grew its holdings in American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after buying an additional 400 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in American Financial Group in the 2nd quarter valued at $85,000. 64.37% of the stock is owned by institutional investors and hedge funds.
American Financial Group Stock Performance
AFG opened at $139.85 on Friday. The firm has a market cap of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82. American Financial Group, Inc. has a 52-week low of $115.64 and a 52-week 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 business’s fifty day moving average is $138.05 and its 200-day moving average is $132.13.
American Financial Group Increases Dividend
The firm also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Investors 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 of this dividend was Friday, November 15th. American Financial Group’s dividend payout ratio is currently 29.99%.
Analysts Set New Price Targets
AFG has been the topic of a number of research reports. Piper Sandler upped their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets increased their target price 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.
Read Our Latest Analysis on AFG
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.
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