American Financial Group, Inc. (NYSE:AFG) Shares Bought by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in American Financial Group, Inc. (NYSE:AFG) by 3.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 17,929 shares of the insurance provider’s stock after buying an additional 544 shares during the period. Natixis Advisors LLC’s holdings in American Financial Group were worth $2,413,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Oak Thistle LLC acquired a new stake in shares of American Financial Group in the 2nd quarter worth about $987,000. GSA Capital Partners LLP acquired a new stake in shares of American Financial Group in the third quarter valued at approximately $579,000. KBC Group NV raised its holdings in shares of American Financial Group by 191.5% during the third quarter. KBC Group NV now owns 21,807 shares of the insurance provider’s stock valued at $2,935,000 after buying an additional 14,327 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of American Financial Group by 302.7% during the second quarter. Assenagon Asset Management S.A. now owns 51,509 shares of the insurance provider’s stock worth $6,337,000 after buying an additional 38,718 shares during the period. Finally, FCG Investment Co bought a new position in American Financial Group in the 3rd quarter worth approximately $1,058,000. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports 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 report on Tuesday, November 12th. BMO Capital Markets upped their price objective 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 Stock Performance

Shares of NYSE AFG opened at $146.47 on Monday. American Financial Group, Inc. has a 1 year low of $110.53 and a 1 year high of $147.01. The firm has a market cap of $12.29 billion, a P/E ratio of 13.73 and a beta of 0.79. The stock has a fifty day moving average price of $135.68 and a two-hundred day moving average price 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 announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the prior year, the business earned $2.45 EPS. The company’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts forecast that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently announced a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $4.00 dividend. This is an increase 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 payout ratio 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.