5,367 Shares in American Financial Group, Inc. (NYSE:AFG) Purchased by Bridgewater Associates LP

Bridgewater Associates LP acquired a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 5,367 shares of the insurance provider's stock, valued at approximately $722,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Innealta Capital LLC acquired a new position in American Financial Group during the second quarter valued at $30,000. Headlands Technologies LLC acquired a new position in American Financial Group during the second quarter valued at $38,000. Blue Trust Inc. raised its position in American Financial Group by 44.3% during 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 during the period. nVerses Capital LLC raised 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 buying an additional 400 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in American Financial Group during the second quarter valued at $85,000. Institutional investors own 64.37% of the company's stock.

Analysts Set New Price Targets

AFG has been the topic of several recent analyst reports. Piper Sandler upped their price target 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. BMO Capital Markets boosted their target price 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.

American Financial Group Stock Down 1.3 %

NYSE AFG traded down $1.88 on Tuesday, reaching $142.03. The stock had a trading volume of 349,424 shares, compared to its average volume of 312,467. The business has a 50 day moving average price of $137.01 and a 200 day moving average price of $131.49. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The company has a market capitalization of $11.92 billion, a price-to-earnings ratio of 13.49 and a beta of 0.82.

American Financial Group (NYSE:AFG - Get Free Report) last released 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 company had revenue of $2.06 billion for 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 business's revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company posted $2.45 EPS. On average, 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 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%.

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.