American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 12.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,474 shares of the insurance provider’s stock after acquiring an additional 600 shares during the period. Daiwa Securities Group Inc.’s holdings in American Financial Group were worth $737,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in shares of American Financial Group during the second quarter valued at $30,000. Headlands Technologies LLC purchased a new position in American Financial Group in the 2nd quarter valued at about $38,000. Blue Trust Inc. grew its holdings in shares of 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 in the last quarter. nVerses Capital LLC raised its position in shares of American Financial Group by 200.0% in the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after buying an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of American Financial Group during the second quarter valued at approximately $85,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE:AFG opened at $146.86 on Friday. The company has a market cap of $12.33 billion, a P/E ratio of 13.76 and a beta of 0.79. The firm’s 50 day moving average is $136.87 and its two-hundred day moving average is $131.42. American Financial Group, Inc. has a fifty-two week low of $110.87 and a fifty-two week high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last issued its earnings results 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 firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 EPS. Analysts expect that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were given a dividend of $4.00 per share. The ex-dividend date was 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 29.99%.

Analyst Ratings Changes

Several analysts have commented on the stock. BMO Capital Markets boosted their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a report on Friday, November 15th. Piper Sandler lifted their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

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.