Barclays PLC Buys 6,272 Shares of American Financial Group, Inc. (NYSE:AFG)

Barclays PLC grew its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 63,333 shares of the insurance provider's stock after purchasing an additional 6,272 shares during the quarter. Barclays PLC owned 0.08% of American Financial Group worth $8,528,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. 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 acquired a new position in American Financial Group in the second quarter worth approximately $38,000. Blue Trust Inc. increased its holdings in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock valued at $59,000 after buying an additional 133 shares in the last quarter. nVerses Capital LLC increased its holdings in shares of American Financial Group by 200.0% in the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider's stock valued at $74,000 after buying an additional 400 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in American Financial Group during the second quarter valued at $85,000. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Down 2.4 %

Shares of NYSE AFG traded down $3.27 during trading hours on Wednesday, hitting $134.64. The stock had a trading volume of 409,968 shares, compared to its average volume of 312,969. The firm's 50-day moving average price is $138.19 and its two-hundred day moving average price is $132.36. American Financial Group, Inc. has a 52 week low of $115.64 and a 52 week high of $150.19. The company has a market capitalization of $11.30 billion, a P/E ratio of 12.62 and a beta of 0.82. 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 (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $2.45 EPS. The business's revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently declared a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a dividend of $4.00 per share. 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%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AFG. BMO Capital Markets upped their target price on American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a report on Friday, November 15th. Piper Sandler lifted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th.

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.