American Financial Group, Inc. (NYSE:AFG) Shares Bought by Pensionfund Sabic

Pensionfund Sabic lifted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,000 shares of the insurance provider’s stock after buying an additional 3,000 shares during the quarter. Pensionfund Sabic’s holdings in American Financial Group were worth $1,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Oppenheimer & Co. Inc. raised its position in American Financial Group by 4.0% during the third quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after acquiring an additional 83 shares during the period. Sei Investments Co. raised its position in shares of American Financial Group by 0.3% during the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after purchasing an additional 86 shares during the last quarter. MML Investors Services LLC lifted its stake in American Financial Group by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock valued at $458,000 after buying an additional 116 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in American Financial Group by 6.3% in 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. Finally, CIBC Asset Management Inc increased its stake in American Financial Group by 3.1% during the 3rd quarter. CIBC Asset Management Inc now owns 4,691 shares of the insurance provider’s stock worth $631,000 after buying an additional 141 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on AFG. Piper Sandler lifted their price target on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th. BMO Capital Markets lifted their target price 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, November 15th.

American Financial Group Trading Down 0.1 %

American Financial Group stock traded down $0.14 during trading on Monday, reaching $134.86. 19,820 shares of the company were exchanged, compared to its average volume of 171,176. 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 stock’s 50 day simple moving average is $138.73 and its two-hundred day simple moving average is $133.24. The company has a market capitalization of $11.32 billion, a P/E ratio of 12.64 and a beta of 0.83. American Financial Group, Inc. has a 52-week low of $115.64 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $2.45 earnings per share. American Financial Group’s quarterly revenue was up 10.8% compared to the same quarter last year. On average, equities research analysts expect that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Investors of record on Tuesday, January 14th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, January 14th. This represents a $3.20 dividend on an annualized basis and a yield of 2.37%. American Financial Group’s dividend payout ratio is currently 29.99%.

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.