Charles Schwab Investment Management Inc. Has $67.72 Million Position in American Financial Group, Inc. (NYSE:AFG)

Charles Schwab Investment Management Inc. boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 8.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 503,115 shares of the insurance provider’s stock after purchasing an additional 39,623 shares during the period. Charles Schwab Investment Management Inc. owned about 0.60% of American Financial Group worth $67,719,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Tidal Investments LLC increased its stake in shares of American Financial Group by 23.4% in the first quarter. Tidal Investments LLC now owns 2,742 shares of the insurance provider’s stock worth $374,000 after acquiring an additional 520 shares during the last quarter. Swedbank AB acquired a new position in American Financial Group in the 1st quarter worth about $133,000. Burney Co. raised its stake in shares of American Financial Group by 6.4% during the 1st quarter. Burney Co. now owns 24,195 shares of the insurance provider’s stock worth $3,302,000 after purchasing an additional 1,454 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of American Financial Group by 2.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider’s stock valued at $937,000 after buying an additional 136 shares during the last quarter. Finally, Jackson Wealth Management LLC lifted its holdings in shares of American Financial Group by 24.5% during the 1st quarter. Jackson Wealth Management LLC now owns 17,012 shares of the insurance provider’s stock valued at $2,322,000 after buying an additional 3,349 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analysts Set New Price Targets

AFG has been the topic of several recent research reports. Piper Sandler raised their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets raised their price target on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th.

American Financial Group Stock Down 0.1 %

AFG opened at $147.93 on Friday. American Financial Group, Inc. has a twelve month low of $110.53 and a twelve month high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50 day moving average price of $136.64 and a 200 day moving average price of $131.30. The firm has a market cap of $12.42 billion, a P/E ratio of 13.86 and a beta of 0.79.

American Financial Group (NYSE:AFG) last posted 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). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. American Financial Group’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. Research analysts forecast that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a $4.00 dividend. The ex-dividend date was 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 presently 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.