Fmr LLC Acquires 202,522 Shares of American Financial Group, Inc. (NYSE:AFG)

FMR LLC increased its position in American Financial Group, Inc. (NYSE:AFG - Free Report) by 3.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,516,351 shares of the insurance provider's stock after purchasing an additional 202,522 shares during the quarter. FMR LLC owned approximately 6.57% of American Financial Group worth $742,501,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tidal Investments LLC lifted its holdings in shares of American Financial Group by 23.4% during the 1st quarter. Tidal Investments LLC now owns 2,742 shares of the insurance provider's stock worth $374,000 after acquiring an additional 520 shares during the period. Swedbank AB bought a new position in American Financial Group during the first quarter worth about $133,000. Burney Co. boosted its holdings in American Financial Group by 6.4% during the first quarter. Burney Co. now owns 24,195 shares of the insurance provider's stock valued at $3,302,000 after purchasing an additional 1,454 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of American Financial Group by 2.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider's stock valued at $937,000 after purchasing an additional 136 shares during the period. Finally, Jackson Wealth Management LLC raised its holdings in shares of American Financial Group by 24.5% in the 1st quarter. Jackson Wealth Management LLC now owns 17,012 shares of the insurance provider's stock worth $2,322,000 after buying an additional 3,349 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Price Performance

Shares of AFG traded down $1.07 on Friday, hitting $146.86. The company's stock had a trading volume of 190,750 shares, compared to its average volume of 312,501. The company has a market capitalization of $12.33 billion, a PE ratio of 13.86 and a beta of 0.79. American Financial Group, Inc. has a fifty-two week low of $110.87 and a fifty-two week high of $150.19. The company has a 50 day moving average price of $136.64 and a 200 day moving average price of $131.30. 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 (NYSE:AFG - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 EPS 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 return on equity of 19.97% and a net margin of 10.84%. The firm's revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.45 EPS. On average, research analysts anticipate that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal 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 paid a dividend of $4.00 per share. The ex-dividend date was Friday, November 15th. This is a positive change from American Financial Group's previous None dividend of $1.00. American Financial Group's dividend payout ratio is 29.99%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AFG. BMO Capital Markets boosted their price target 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. Piper Sandler lifted their price objective on American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a report 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.