Thrivent Financial for Lutherans Purchases 1,146 Shares of American Financial Group, Inc. (NYSE:AFG)

Thrivent Financial for Lutherans boosted its position in American Financial Group, Inc. (NYSE:AFG) by 7.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,952 shares of the insurance provider’s stock after purchasing an additional 1,146 shares during the quarter. Thrivent Financial for Lutherans’ holdings in American Financial Group were worth $2,282,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of American Financial Group by 4.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after buying an additional 83 shares in the last quarter. Sei Investments Co. increased its holdings in American Financial Group by 0.3% in the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after purchasing an additional 86 shares in the last quarter. Diversified Trust Co grew its position in shares of American Financial Group by 5.0% in the 2nd quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock valued at $259,000 after buying an additional 100 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock valued at $283,000 after buying an additional 125 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on AFG. BMO Capital Markets upped their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Piper Sandler upped their target price 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 Price Performance

Shares of NYSE:AFG opened at $148.06 on Thursday. The business’s 50 day simple moving average is $136.17 and its two-hundred day simple moving average is $131.07. The firm has a market cap of $12.43 billion, a P/E ratio of 13.88 and a beta of 0.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 52-week low of $110.53 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 the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 EPS. As a group, research analysts forecast that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a $4.00 dividend. The ex-dividend date was Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 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.