Sheaff Brock Investment Advisors LLC Has $6.05 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Sheaff Brock Investment Advisors LLC increased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 1.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,949 shares of the insurance provider’s stock after buying an additional 535 shares during the period. Sheaff Brock Investment Advisors LLC owned 0.05% of American Financial Group worth $6,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Bank of Montreal Can raised its holdings in American Financial Group by 251.1% in the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after acquiring an additional 105,764 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of American Financial Group by 123.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock worth $15,486,000 after purchasing an additional 63,541 shares in the last quarter. Bahl & Gaynor Inc. increased its holdings in American Financial Group by 8.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock valued at $60,528,000 after buying an additional 38,937 shares during the period. Intech Investment Management LLC lifted its stake in American Financial Group by 2,269.4% during the second quarter. Intech Investment Management LLC now owns 38,527 shares of the insurance provider’s stock worth $4,740,000 after purchasing an additional 36,901 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in American Financial Group by 56.0% in the second quarter. Texas Permanent School Fund Corp now owns 89,076 shares of the insurance provider’s stock valued at $10,958,000 after buying an additional 31,982 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on AFG shares. BMO Capital Markets boosted their target price on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research note on Tuesday, October 8th. Piper Sandler raised their target price on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday.

American Financial Group Stock Performance

AFG stock opened at $142.01 on Friday. The firm has a market cap of $11.92 billion, a PE ratio of 13.31 and a beta of 0.79. American Financial Group, Inc. has a 1-year low of $108.39 and a 1-year high of $144.81. The stock has a 50-day moving average price of $134.68 and a 200-day moving average price of $130.19. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The business 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 business’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.88 earnings per share for the current year.

American Financial Group Increases Dividend

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