American Financial Group, Inc. (NYSE:AFG) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 11.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,515 shares of the insurance provider’s stock after acquiring an additional 564 shares during the period. Metis Global Partners LLC’s holdings in American Financial Group were worth $742,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Envestnet Portfolio Solutions Inc. acquired a new stake in American Financial Group in the first quarter worth about $217,000. SG Americas Securities LLC raised its position in shares of American Financial Group by 7.4% during the 1st quarter. SG Americas Securities LLC now owns 2,642 shares of the insurance provider’s stock worth $361,000 after buying an additional 182 shares in the last quarter. US Bancorp DE lifted its stake in shares of American Financial Group by 4.9% in the 1st quarter. US Bancorp DE now owns 11,019 shares of the insurance provider’s stock worth $1,504,000 after acquiring an additional 514 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of American Financial Group by 13.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock valued at $5,145,000 after acquiring an additional 4,420 shares in the last quarter. Finally, Covestor Ltd increased its stake 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 valued at $59,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $137.82 on Monday. 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 company has a market capitalization of $11.57 billion, a PE ratio of 12.92 and a beta of 0.79. The stock has a fifty day moving average of $134.93 and a 200-day moving average of $130.36. American Financial Group, Inc. has a one year low of $108.39 and a one year high of $144.81.

American Financial Group (NYSE:AFG) last released 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). 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 company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.45 EPS. As a group, equities analysts anticipate that American Financial Group, Inc. will post 10.88 EPS 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 issued a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from American Financial Group’s previous None dividend of $1.00. American Financial Group’s payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AFG. BMO Capital Markets increased their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note on Friday. Piper Sandler boosted their price target 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.

American Financial Group 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.