Bank of Montreal Can Has $9.07 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Bank of Montreal Can lowered its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 54.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 67,132 shares of the insurance provider’s stock after selling 80,760 shares during the period. Bank of Montreal Can’s holdings in American Financial Group were worth $9,071,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of American Financial Group during the 2nd quarter worth about $30,000. Headlands Technologies LLC acquired a new position in American Financial Group in the second quarter worth approximately $38,000. Blue Trust Inc. raised its position in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 133 shares in the last quarter. nVerses Capital LLC lifted its stake in 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 acquiring an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in American Financial Group in the second quarter worth approximately $85,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. 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. Piper Sandler increased their target price 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.

American Financial Group Trading Down 0.7 %

NYSE:AFG opened at $146.86 on Monday. The company’s 50 day moving average is $136.87 and its 200-day moving average is $131.42. 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, Inc. has a 12 month low of $110.87 and a 12 month high of $150.19. The firm has a market cap of $12.33 billion, a price-to-earnings ratio of 13.76 and a beta of 0.79.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter last year, the business earned $2.45 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. Equities analysts anticipate 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. 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 a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s payout ratio is currently 29.99%.

American Financial Group Company 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.