Nomura Asset Management Co. Ltd. Has $4.74 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 7.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,248 shares of the insurance provider’s stock after purchasing an additional 2,500 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in American Financial Group were worth $4,744,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AFG. FMR LLC grew its holdings in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares during the last quarter. State Street Corp grew its holdings in 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 acquiring an additional 104,172 shares during the last quarter. Bank of New York Mellon Corp increased its position in American Financial Group by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock valued at $102,921,000 after acquiring an additional 7,797 shares in the last quarter. Johnson Investment Counsel Inc. raised its stake in shares of American Financial Group by 0.4% in the second quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock worth $70,881,000 after acquiring an additional 2,389 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of American Financial Group by 8.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock worth $67,719,000 after purchasing an additional 39,623 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on AFG shares. BMO Capital Markets boosted their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research report on Friday, November 15th. Piper Sandler boosted 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, November 12th.

American Financial Group Trading Up 0.6 %

Shares of NYSE AFG opened at $139.85 on Friday. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The firm has a market capitalization of $11.74 billion, a P/E ratio of 13.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50 day simple moving average is $138.05 and its 200 day simple moving average is $132.13.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the company earned $2.45 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, 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 announced 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 a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date was Friday, November 15th. American Financial Group’s payout ratio is presently 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.