Quest Partners LLC Raises Position in American Financial Group, Inc. (NYSE:AFG)

Quest Partners LLC raised its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 166.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,078 shares of the insurance provider's stock after acquiring an additional 4,418 shares during the period. Quest Partners LLC's holdings in American Financial Group were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of AFG. Innealta Capital LLC acquired a new stake in shares of American Financial Group in the 2nd quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in shares of American Financial Group during the 2nd quarter worth approximately $38,000. Covestor Ltd raised its position in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock valued at $59,000 after purchasing an additional 346 shares during the period. Blue Trust Inc. increased its position in American Financial Group by 44.3% during the 2nd 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. Finally, Abich Financial Wealth Management LLC boosted its holdings in American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider's stock valued at $72,000 after purchasing an additional 523 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

American Financial Group Stock Up 1.9 %

Shares of NYSE AFG traded up $2.65 during mid-day trading on Thursday, reaching $143.41. 123,053 shares of the company's stock traded hands, compared to its average volume of 304,019. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 1-year low of $110.43 and a 1-year high of $144.81. The stock has a market cap of $12.04 billion, a P/E ratio of 13.31 and a beta of 0.79. The business has a 50-day simple moving average of $135.23 and a 200 day simple moving average of $130.61.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS 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 analysts' expectations of $1.80 billion. During the same period in the previous year, the company posted $2.45 earnings per share. The company's quarterly revenue was up 10.8% compared to the same quarter last year. On average, analysts expect that American Financial Group, Inc. will post 10.88 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from American Financial Group's previous None dividend of $1.00. American Financial Group's dividend payout ratio (DPR) is presently 29.99%.

American Financial Group 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.