Mutual of America Capital Management LLC Increases Holdings in American Financial Group, Inc. (NYSE:AFG)

Mutual of America Capital Management LLC lifted its holdings in American Financial Group, Inc. (NYSE:AFG) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 85,043 shares of the insurance provider’s stock after acquiring an additional 6,252 shares during the period. Mutual of America Capital Management LLC’s holdings in American Financial Group were worth $11,447,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in shares of American Financial Group in the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new stake in American Financial Group during the 2nd quarter valued at $38,000. Covestor Ltd lifted its position in American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after buying an additional 346 shares during the last quarter. Blue Trust Inc. boosted its stake in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after buying an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC increased its position in American Financial Group by 10,460.0% during the first 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 last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on AFG shares. Piper Sandler raised their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets raised 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 note on Friday.

American Financial Group Stock Down 3.0 %

NYSE:AFG opened at $137.82 on Monday. The company has a market cap of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.79. American Financial Group, Inc. has a twelve month low of $108.39 and a twelve month high of $144.81. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a fifty day simple moving average of $134.93 and a 200-day simple moving average of $130.36.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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 for the quarter, compared to the consensus estimate 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 EPS. Analysts anticipate that American Financial Group, Inc. will post 10.88 EPS 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 $4.00 dividend. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is 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.