Healthcare of Ontario Pension Plan Trust Fund Takes $807,000 Position in American Financial Group, Inc. (NYSE:AFG)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 5,993 shares of the insurance provider’s stock, valued at approximately $807,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AFG. FMR LLC lifted its position in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares in the last quarter. Bank of Montreal Can increased its stake in American Financial Group by 251.1% during the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock worth $19,442,000 after buying an additional 105,764 shares during the period. Assenagon Asset Management S.A. lifted its holdings in American Financial Group by 123.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock worth $15,486,000 after buying an additional 63,541 shares in the last quarter. EULAV Asset Management boosted its position in American Financial Group by 9.4% in the 3rd quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock valued at $67,128,000 after buying an additional 42,902 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of American Financial Group by 8.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock valued at $67,719,000 after acquiring an additional 39,623 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on AFG. Piper Sandler boosted 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 upped their target price on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th.

American Financial Group Trading Down 2.0 %

Shares of NYSE AFG opened at $143.91 on Tuesday. The stock’s 50 day moving average price is $137.01 and its two-hundred day moving average price is $131.49. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.19. The stock has a market capitalization of $12.08 billion, a P/E ratio of 13.49 and a beta of 0.79. 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). 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 period last year, the company posted $2.45 earnings per share. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts anticipate that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business also recently announced a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were issued a dividend of $4.00 per share. 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 dividend payout ratio is 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.