Holocene Advisors LP Has $4.86 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Holocene Advisors LP lifted its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 25.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,119 shares of the insurance provider's stock after purchasing an additional 7,322 shares during the quarter. Holocene Advisors LP's holdings in American Financial Group were worth $4,862,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Innealta Capital LLC bought a new stake in shares of American Financial Group during the second quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in American Financial Group in the 2nd quarter worth about $38,000. Blue Trust Inc. increased its stake in American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock worth $59,000 after purchasing an additional 133 shares in the last quarter. nVerses Capital LLC increased 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 purchasing an additional 400 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new position in American Financial Group in the 2nd quarter worth about $85,000. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Up 1.1 %

Shares of American Financial Group stock traded up $1.52 during trading on Thursday, hitting $144.41. 274,228 shares of the stock traded hands, compared to its average volume of 313,179. The stock has a market cap of $12.12 billion, a P/E ratio of 13.39 and a beta of 0.82. 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 twelve month low of $114.73 and a twelve month high of $150.19. The company has a fifty day moving average price of $137.28 and a two-hundred day moving average price of $131.63.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Equities research analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business 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. This is a positive change from American Financial Group's previous None dividend of $1.00. The ex-dividend date was Friday, November 15th. American Financial Group's payout ratio is 29.99%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AFG shares. Piper Sandler lifted their target price on American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a research note on Tuesday, November 12th. BMO Capital Markets lifted 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.

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.