6,491 Shares in American Financial Group, Inc. (NYSE:AFG) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 6,491 shares of the insurance provider's stock, valued at approximately $874,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Innealta Capital LLC acquired a new stake in American Financial Group during the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the 2nd quarter valued at about $38,000. Blue Trust Inc. grew its holdings in shares of 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 last quarter. nVerses Capital LLC boosted its stake in American Financial Group by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider's stock valued at $74,000 after purchasing an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in American Financial Group during the 2nd quarter worth approximately $85,000. Institutional investors and hedge funds own 64.37% of the company's stock.

Wall Street Analysts Forecast Growth

AFG has been the subject of several recent research reports. Piper Sandler upped their price target on American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a report on Tuesday, November 12th. BMO Capital Markets boosted their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a report on Friday, November 15th.

American Financial Group Stock Performance

Shares of NYSE AFG traded up $1.52 during mid-day trading on Thursday, reaching $144.41. 286,728 shares of the company's stock were exchanged, compared to its average volume of 313,178. The firm has a market capitalization of $12.12 billion, a price-to-earnings ratio of 13.39 and a beta of 0.82. The firm has a 50-day moving average price of $137.28 and a two-hundred day moving average price of $131.63. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing analysts' consensus estimates 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 net margin of 10.84% and a return on equity of 19.97%. The firm's revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.45 earnings per share. Analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $4.00 per share. The ex-dividend date was Friday, November 15th. This is a boost from American Financial Group's previous None dividend of $1.00. American Financial Group's dividend payout ratio is currently 29.99%.

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.