B. Metzler seel. Sohn & Co. Holding AG Makes New $210,000 Investment in American Financial Group, Inc. (NYSE:AFG)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,557 shares of the insurance provider’s stock, valued at approximately $210,000.

Several other hedge funds also recently modified their holdings of AFG. Innealta Capital LLC bought a new position in shares of American Financial Group in the second quarter valued at $30,000. Headlands Technologies LLC bought a new position in shares of American Financial Group in the 2nd quarter valued at about $38,000. Blue Trust Inc. increased its stake in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 133 shares during the last quarter. Abich Financial Wealth Management LLC raised its holdings in shares of American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the period. Finally, nVerses Capital LLC raised its holdings in shares of American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 400 shares during the period. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of AFG stock opened at $149.01 on Tuesday. American Financial Group, Inc. has a 52 week low of $110.53 and a 52 week high of $149.12. The company has a market capitalization of $12.51 billion, a price-to-earnings ratio of 13.73 and a beta of 0.79. The company has a 50-day simple moving average of $135.68 and a 200 day simple moving average of $130.82. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 EPS. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.73 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently disclosed a None dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th will be issued 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 currently 29.99%.

Analyst Ratings Changes

AFG has been the topic of a number of recent analyst reports. 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 report on Tuesday, November 12th. BMO Capital Markets boosted their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

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.