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

Crossmark Global Holdings Inc. lifted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 37.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,717 shares of the insurance provider’s stock after buying an additional 1,557 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in American Financial Group were worth $770,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in American Financial Group by 13.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock worth $5,145,000 after purchasing an additional 4,420 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of American Financial Group by 360.7% in the first quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after buying an additional 21,261 shares in the last quarter. Edgestream Partners L.P. grew its holdings in American Financial Group by 308.5% during the first quarter. Edgestream Partners L.P. now owns 24,080 shares of the insurance provider’s stock worth $3,286,000 after acquiring an additional 18,185 shares during the period. Oak Thistle LLC purchased a new position in American Financial Group in the second quarter worth $987,000. Finally, Assenagon Asset Management S.A. raised its position in American Financial Group by 302.7% in the second quarter. Assenagon Asset Management S.A. now owns 51,509 shares of the insurance provider’s stock worth $6,337,000 after acquiring an additional 38,718 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Down 0.1 %

AFG stock opened at $137.82 on Friday. American Financial Group, Inc. has a 12 month low of $108.39 and a 12 month high of $144.81. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.46. The company’s 50 day simple moving average is $134.93 and its 200-day simple moving average is $130.34. The firm has a market capitalization of $11.57 billion, a PE ratio of 12.92 and a beta of 0.79.

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

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $4.00 per share. The ex-dividend date is Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is currently 29.99%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on AFG. Piper Sandler upped 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 note on Tuesday. BMO Capital Markets upped 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 report on Friday.

About American Financial Group

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.