Geode Capital Management LLC Buys 143,820 Shares of American Financial Group, Inc. (NYSE:AFG)

Geode Capital Management LLC increased its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 10.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,553,207 shares of the insurance provider's stock after acquiring an additional 143,820 shares during the period. Geode Capital Management LLC owned about 1.85% of American Financial Group worth $208,699,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AFG. Oppenheimer & Co. Inc. boosted its stake in shares of American Financial Group by 4.0% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider's stock valued at $291,000 after purchasing an additional 83 shares in the last quarter. Sei Investments Co. lifted its stake in American Financial Group by 0.3% in the second 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 during the last quarter. MML Investors Services LLC lifted its stake in American Financial Group by 3.5% in the third quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider's stock worth $458,000 after purchasing an additional 116 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in American Financial Group by 6.3% during the third 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 period. Finally, Blue Trust Inc. grew its stake 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. Institutional investors own 64.37% of the company's stock.

American Financial Group Trading Down 0.1 %

AFG traded down $0.12 during trading on Monday, hitting $139.79. 239,693 shares of the stock traded hands, compared to its average volume of 312,867. The firm has a market capitalization of $11.73 billion, a P/E ratio of 13.10 and a beta of 0.82. American Financial Group, Inc. has a 12-month low of $115.64 and a 12-month high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50-day moving average of $138.05 and a 200 day moving average of $132.22.

American Financial Group (NYSE:AFG - Get Free Report) last posted 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). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the prior year, the company posted $2.45 earnings per share. The business's revenue for the quarter was up 10.8% on a year-over-year basis. Equities research analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently announced 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 of this dividend was Friday, November 15th. This is a boost from American Financial Group's previous None dividend of $1.00. American Financial Group's payout ratio is 29.99%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. 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. Piper Sandler lifted their price target on American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th.

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.