American Financial Group, Inc. (NYSE:AFG) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC boosted its stake in American Financial Group, Inc. (NYSE:AFG) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 29,085 shares of the insurance provider’s stock after acquiring an additional 2,855 shares during the period. Empowered Funds LLC’s holdings in American Financial Group were worth $3,915,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of American Financial Group in the 2nd quarter valued at about $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the second quarter valued at approximately $38,000. Covestor Ltd grew its position in shares of American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of 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 acquiring an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC increased its holdings in shares of American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after acquiring an additional 523 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AFG shares. Piper Sandler raised their price objective on shares of 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 lifted their price objective 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.

American Financial Group Trading Up 1.3 %

NYSE:AFG opened at $139.62 on Tuesday. American Financial Group, Inc. has a 1 year low of $108.39 and a 1 year high of $144.81. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a fifty day moving average price of $134.93 and a two-hundred day moving average price of $130.37. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 13.09 and a beta of 0.79.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The company had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.45 EPS. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $4.00 per share. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date is Friday, November 15th. American Financial Group’s payout ratio is 29.99%.

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.