Everence Capital Management Inc. Makes New $285,000 Investment in American Financial Group, Inc. (NYSE:AFG)

Everence Capital Management Inc. acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,080 shares of the insurance provider’s stock, valued at approximately $285,000.

A number of other large investors also recently modified their holdings of AFG. Headlands Technologies LLC purchased a new position in shares of American Financial Group in the second quarter valued at about $38,000. Acadian Asset Management LLC purchased a new position in American Financial Group in the 2nd quarter worth approximately $85,000. Abich Financial Wealth Management LLC boosted its stake in 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 purchasing an additional 188 shares during the period. Point72 Hong Kong Ltd purchased a new stake in American Financial Group during the 2nd quarter valued at approximately $99,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of American Financial Group during the third quarter valued at approximately $111,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AFG. BMO Capital Markets upped 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 research report on Friday, November 15th. Piper Sandler raised their price objective on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Stock Down 0.2 %

NYSE AFG opened at $132.18 on Wednesday. The stock has a 50 day moving average price of $138.84 and a 200-day moving average price of $133.36. American Financial Group, Inc. has a one year low of $115.64 and a one year high of $150.19. 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 $11.09 billion, a P/E ratio of 12.39 and a beta of 0.83.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 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 business had revenue of $2.06 billion during the quarter, compared to analysts’ expectations of $1.80 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 24th. Stockholders of record on Tuesday, January 14th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend is Tuesday, January 14th. American Financial Group’s dividend payout ratio (DPR) is 29.99%.

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.