American Financial Group, Inc. (NYSE:AFG) Shares Bought by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its holdings in American Financial Group, Inc. (NYSE:AFG) by 37.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,717 shares of the insurance provider’s stock after purchasing an additional 1,557 shares during the period. Crossmark Global Holdings Inc.’s holdings in American Financial Group were worth $770,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Verdence Capital Advisors LLC lifted its holdings in American Financial Group by 6.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after buying an additional 125 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of American Financial Group by 13.4% in the 3rd quarter. QRG Capital Management Inc. now owns 4,468 shares of the insurance provider’s stock worth $601,000 after acquiring an additional 529 shares during the period. Robeco Institutional Asset Management B.V. bought a new stake in shares of American Financial Group during the third quarter valued at approximately $1,068,000. Van ECK Associates Corp raised its stake in American Financial Group by 11.0% during the 3rd quarter. Van ECK Associates Corp now owns 11,939 shares of the insurance provider’s stock valued at $1,576,000 after acquiring an additional 1,183 shares in the last quarter. Finally, Confluence Wealth Services Inc. boosted its position in American Financial Group by 7.3% during the 3rd quarter. Confluence Wealth Services Inc. now owns 7,565 shares of the insurance provider’s stock worth $1,018,000 after acquiring an additional 517 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 0.1 %

Shares of American Financial Group stock opened at $137.82 on Friday. The business has a fifty day simple moving average of $134.93 and a 200-day simple moving average of $130.34. The firm 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 fifty-two week low of $108.39 and a fifty-two week high of $144.81. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business posted $2.45 EPS. The business’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities analysts forecast that American Financial Group, Inc. will post 10.88 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued a $4.00 dividend. 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 dividend payout ratio is currently 29.99%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. 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 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.

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.