GSA Capital Partners LLP Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

GSA Capital Partners LLP acquired a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 4,305 shares of the insurance provider's stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Crossmark Global Holdings Inc. increased its position in shares of American Financial Group by 37.4% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 5,717 shares of the insurance provider's stock valued at $770,000 after purchasing an additional 1,557 shares during the last quarter. Verdence Capital Advisors LLC increased its holdings in shares of American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider's stock valued at $283,000 after acquiring an additional 125 shares during the last quarter. QRG Capital Management Inc. raised its position in shares of American Financial Group by 13.4% during the 3rd quarter. QRG Capital Management Inc. now owns 4,468 shares of the insurance provider's stock worth $601,000 after acquiring an additional 529 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in American Financial Group during the third quarter worth approximately $1,068,000. Finally, Van ECK Associates Corp boosted its holdings in American Financial Group by 11.0% in the third quarter. Van ECK Associates Corp now owns 11,939 shares of the insurance provider's stock valued at $1,576,000 after purchasing an additional 1,183 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Performance

NYSE:AFG traded down $1.22 during mid-day trading on Tuesday, reaching $138.42. The stock had a trading volume of 418,513 shares, compared to its average volume of 304,880. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50 day simple moving average of $134.93 and a 200 day simple moving average of $130.37. American Financial Group, Inc. has a twelve month low of $108.39 and a twelve month high of $144.81. The firm has a market capitalization of $11.62 billion, a price-to-earnings ratio of 13.09 and a beta of 0.79.

American Financial Group (NYSE:AFG - Get Free Report) last issued its 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 company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $1.80 billion. During the same quarter in the previous year, the firm posted $2.45 earnings per share. American Financial Group's revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts expect that American Financial Group, Inc. will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a $4.00 dividend. The ex-dividend date of this dividend is 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%.

Analyst Ratings Changes

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

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.