Cwm LLC Acquires 1,133 Shares of American Financial Group, Inc. (NYSE:AFG)

Cwm LLC increased its holdings in American Financial Group, Inc. (NYSE:AFG) by 952.1% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,252 shares of the insurance provider’s stock after buying an additional 1,133 shares during the quarter. Cwm LLC’s holdings in American Financial Group were worth $169,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of American Financial Group during the 2nd quarter valued at about $124,000. Heritage Wealth Management Inc. purchased a new stake in American Financial Group in the second quarter worth approximately $307,000. Sanctuary Advisors LLC bought a new stake in American Financial Group in the 2nd quarter worth approximately $620,000. Truist Financial Corp raised its stake in American Financial Group by 14.7% during the 2nd quarter. Truist Financial Corp now owns 12,150 shares of the insurance provider’s stock valued at $1,495,000 after buying an additional 1,560 shares during the last quarter. Finally, Quarry LP bought a new position in shares of American Financial Group during the 2nd quarter valued at $199,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets lifted their price objective on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $144.00 to $137.00 in a research note on Friday, June 28th.

American Financial Group Trading Down 0.1 %

Shares of AFG stock opened at $132.02 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The company has a market cap of $11.07 billion, a price-to-earnings ratio of 12.63 and a beta of 0.78. American Financial Group, Inc. has a 1 year low of $106.46 and a 1 year high of $138.81. The firm has a fifty day moving average price of $134.08 and a 200-day moving average price of $129.68.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business had revenue of $1.90 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $2.38 earnings per share. American Financial Group’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts predict that American Financial Group, Inc. will post 10.99 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th will be paid a dividend of $0.80 per share. This is a boost from American Financial Group’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, October 15th. This represents a $3.20 dividend on an annualized basis and a yield of 2.42%. American Financial Group’s dividend payout ratio (DPR) is presently 30.62%.

American Financial Group 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.