Oppenheimer & Co. Inc. Grows Holdings in American Financial Group, Inc. (NYSE:AFG)

Oppenheimer & Co. Inc. raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 4.0% in the 3rd quarter, Holdings Channel reports. The firm owned 2,165 shares of the insurance provider’s stock after purchasing an additional 83 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in American Financial Group were worth $291,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AFG. Covestor Ltd grew its holdings in American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of American Financial Group by 21.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,013 shares of the insurance provider’s stock valued at $548,000 after purchasing an additional 707 shares during the period. UniSuper Management Pty Ltd raised its stake in shares of American Financial Group by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,000 shares of the insurance provider’s stock worth $136,000 after purchasing an additional 500 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of American Financial Group by 23.4% during the first quarter. Tidal Investments LLC now owns 2,742 shares of the insurance provider’s stock worth $374,000 after purchasing an additional 520 shares during the period. Finally, Swedbank AB purchased a new stake in American Financial Group in the first quarter valued at approximately $133,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AFG. Piper Sandler raised 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 report on Tuesday, November 12th. BMO Capital Markets raised 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 report on Friday, November 15th.

American Financial Group Trading Up 1.9 %

Shares of American Financial Group stock opened at $146.49 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $135.43 and its 200 day moving average price is $130.70. The firm has a market capitalization of $12.29 billion, a PE ratio of 13.47 and a beta of 0.79. American Financial Group, Inc. has a twelve month low of $110.53 and a twelve month high of $147.01.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.06 billion during 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% on a year-over-year basis. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.88 EPS for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently disclosed a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be given a $4.00 dividend. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is Friday, November 15th. American Financial Group’s dividend payout ratio is presently 29.99%.

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.