MML Investors Services LLC Buys 116 Shares of American Financial Group, Inc. (NYSE:AFG)

MML Investors Services LLC raised its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 3.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the insurance provider’s stock after purchasing an additional 116 shares during the quarter. MML Investors Services LLC’s holdings in American Financial Group were worth $458,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of AFG. Innealta Capital LLC bought a new position in shares of American Financial Group during the 2nd quarter valued at about $30,000. Headlands Technologies LLC bought a new position in American Financial Group during the second quarter valued at approximately $38,000. nVerses Capital LLC grew its position in American Financial Group by 200.0% during 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. Acadian Asset Management LLC bought a new stake in shares of American Financial Group in the 2nd quarter worth approximately $85,000. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of American Financial Group by 35.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock worth $88,000 after acquiring an additional 188 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE:AFG opened at $137.29 on Tuesday. 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, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The business has a 50 day moving average price of $138.17 and a 200-day moving average price of $132.59. The firm has a market cap of $11.52 billion, a PE ratio of 12.87 and a beta of 0.82.

American Financial Group (NYSE:AFG) last released 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 during the quarter, compared to analysts’ expectations 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 revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 EPS. Equities research analysts predict 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. Shareholders of record on Friday, November 15th were given a dividend of $4.00 per share. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date was Friday, November 15th. American Financial Group’s dividend payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Piper Sandler lifted 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. BMO Capital Markets raised their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research note 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.