Quadrature Capital Ltd Has $234,000 Holdings in American Financial Group, Inc. (NYSE:AFG)

Quadrature Capital Ltd lowered its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 71.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,740 shares of the insurance provider's stock after selling 4,324 shares during the quarter. Quadrature Capital Ltd's holdings in American Financial Group were worth $234,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Innealta Capital LLC purchased a new position in American Financial Group in the second quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in American Financial Group in the second quarter worth approximately $38,000. Blue Trust Inc. raised its position in 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 acquiring an additional 133 shares in the last quarter. nVerses Capital LLC lifted its stake in American Financial Group by 200.0% in the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider's stock valued at $74,000 after acquiring an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC bought a new stake in American Financial Group in the second quarter worth approximately $85,000. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Price Performance

Shares of American Financial Group stock traded up $0.92 during mid-day trading on Wednesday, reaching $140.16. 128,912 shares of the stock were exchanged, compared to its average volume of 312,128. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The company has a market cap of $11.76 billion, a price-to-earnings ratio of 13.05 and a beta of 0.82. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The firm has a 50-day simple moving average of $137.83 and a 200 day simple moving average of $131.95.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $2.45 EPS. The company's revenue was up 10.8% compared to the same quarter last year. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $4.00 per share. This is a boost 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 currently 29.99%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Piper Sandler raised 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 shares of American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a research report 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.