Cerity Partners LLC Has $722,000 Stock Position in American Financial Group, Inc. (NYSE:AFG)

Cerity Partners LLC increased its position in shares of American Financial Group, Inc. (NYSE:AFG) by 17.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,365 shares of the insurance provider’s stock after acquiring an additional 781 shares during the quarter. Cerity Partners LLC’s holdings in American Financial Group were worth $722,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Innealta Capital LLC bought a new stake in American Financial Group during the 2nd quarter worth about $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group during the 2nd quarter worth approximately $38,000. Blue Trust Inc. raised its stake 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 buying an additional 133 shares during the last quarter. nVerses Capital LLC raised its stake in shares of American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after buying an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in American Financial Group in the second quarter valued at approximately $85,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Down 1.0 %

Shares of NYSE:AFG opened at $142.94 on Friday. The company has a 50 day moving average price of $137.60 and a two-hundred day moving average price of $131.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $12.00 billion, a PE ratio of 13.40 and a beta of 0.82. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. Analysts forecast that American Financial Group, Inc. will post 10.73 earnings per share for the current year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was 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 currently 29.99%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. BMO Capital Markets lifted 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. Piper Sandler lifted their price objective 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.

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.