JPMorgan Chase & Co. Buys 146,237 Shares of American Financial Group, Inc. (NYSE:AFG)

JPMorgan Chase & Co. increased its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 78.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,078 shares of the insurance provider's stock after purchasing an additional 146,237 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.40% of American Financial Group worth $44,832,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AFG. Headlands Technologies LLC acquired a new position in American Financial Group during the 2nd quarter worth $38,000. Acadian Asset Management LLC bought a new position in shares of American Financial Group during the 2nd quarter valued at about $85,000. Abich Financial Wealth Management LLC increased its holdings in American Financial Group by 35.6% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider's stock worth $88,000 after purchasing an additional 188 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in American Financial Group during the second quarter worth $99,000. Finally, Moisand Fitzgerald Tamayo LLC bought a new position in American Financial Group in the third quarter valued at $111,000. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Performance

NYSE AFG traded down $2.86 during trading on Monday, reaching $132.14. 326,288 shares of the company's stock were exchanged, compared to its average volume of 275,296. 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 business has a 50 day moving average price of $138.73 and a 200-day moving average price of $133.24. The stock has a market capitalization of $11.09 billion, a P/E ratio of 12.38 and a beta of 0.83. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19.

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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The firm's revenue was up 10.8% compared to the same quarter last year. Sell-side analysts forecast that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a $3.20 annualized dividend and a yield of 2.42%. American Financial Group's dividend payout ratio (DPR) is presently 29.99%.

Wall Street Analysts Forecast Growth

AFG has been the subject of a number of recent research reports. Piper Sandler increased their price objective on shares of American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research note on Tuesday, November 12th. BMO Capital Markets upped their price objective on American Financial Group from $135.00 to $143.00 and gave the stock 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.