Healthcare of Ontario Pension Plan Trust Fund Takes Position in American Financial Group, Inc. (NYSE:AFG)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,993 shares of the insurance provider's stock, valued at approximately $807,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AFG. Innealta Capital LLC purchased a new stake in shares of American Financial Group in the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group in the second quarter worth $38,000. Blue Trust Inc. boosted its position in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock worth $59,000 after buying an additional 133 shares during the period. nVerses Capital LLC lifted its stake in American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider's stock worth $74,000 after acquiring an additional 400 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in American Financial Group during the 2nd quarter worth about $85,000. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

American Financial Group Stock Down 1.3 %

Shares of American Financial Group stock traded down $1.88 during midday trading on Tuesday, reaching $142.03. 349,424 shares of the company's stock traded hands, compared to its average volume of 313,077. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19. The company's 50 day simple moving average is $137.01 and its 200 day simple moving average is $131.49. The company has a market cap of $11.92 billion, a price-to-earnings ratio of 13.31 and a beta of 0.82.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings data 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 net margin of 10.84% and a return on equity of 19.97%. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business posted $2.45 earnings per share. The firm's revenue was up 10.8% on a year-over-year basis. Equities analysts expect 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 announced a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were issued a $4.00 dividend. 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 (DPR) is 29.99%.

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.