American Financial Group, Inc. (NYSE:AFG) Position Boosted by Metis Global Partners LLC

Metis Global Partners LLC lifted its stake in American Financial Group, Inc. (NYSE:AFG) by 11.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,515 shares of the insurance provider’s stock after purchasing an additional 564 shares during the quarter. Metis Global Partners LLC’s holdings in American Financial Group were worth $742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Innealta Capital LLC acquired a new position in American Financial Group in the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC purchased a new position in shares of American Financial Group during the 2nd quarter valued at $38,000. Covestor Ltd increased its stake in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the last quarter. Blue Trust Inc. raised 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 acquiring an additional 133 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in American Financial Group by 10,460.0% during the first 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 last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on AFG shares. Piper Sandler raised 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 raised their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday.

American Financial Group Stock Performance

AFG opened at $137.82 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.53. The company has a market cap of $11.57 billion, a PE ratio of 12.92 and a beta of 0.79. The stock has a 50-day moving average of $134.93 and a 200-day moving average of $130.36. American Financial Group, Inc. has a 52-week low of $108.39 and a 52-week high of $144.81.

American Financial Group (NYSE:AFG) last announced its earnings results 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). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the company earned $2.45 EPS. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. As a group, equities research analysts forecast that American Financial Group, Inc. will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a $4.00 dividend. The ex-dividend date is 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 (DPR) is presently 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.