American Financial Group, Inc. (NYSE:AFG) Shares Acquired by State Street Corp

State Street Corp boosted its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 4.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,693,356 shares of the insurance provider's stock after purchasing an additional 104,172 shares during the period. State Street Corp owned approximately 3.21% of American Financial Group worth $362,526,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Innealta Capital LLC purchased a new stake in shares of American Financial Group in the second quarter valued at about $30,000. Headlands Technologies LLC purchased a new stake in shares of American Financial Group in the second quarter valued at about $38,000. Blue Trust Inc. boosted its holdings 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 valued at $59,000 after acquiring an additional 133 shares in the last quarter. nVerses Capital LLC boosted its holdings in shares of 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 in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of American Financial Group in the second quarter valued at about $85,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Price Performance

Shares of NYSE AFG traded down $2.76 during midday trading on Tuesday, hitting $139.24. The company had a trading volume of 271,995 shares, compared to its average volume of 312,968. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a twelve month low of $115.45 and a twelve month high of $150.19. The business has a 50-day simple moving average of $137.75 and a two-hundred day simple moving average of $131.88. The firm has a market capitalization of $11.69 billion, a price-to-earnings ratio of 13.05 and a beta of 0.82.

American Financial Group (NYSE:AFG - Get Free Report) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($0.20). The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business's revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.45 EPS. Equities research analysts anticipate that American Financial Group, Inc. will post 10.73 earnings per share for the current year.

American Financial Group Increases Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This is a boost from American Financial Group's previous None dividend of $1.00. American Financial Group's payout ratio is presently 29.99%.

Analyst Upgrades and Downgrades

AFG has been the topic of several analyst reports. Piper Sandler lifted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the company a "neutral" rating in a report on Tuesday, November 12th. BMO Capital Markets raised 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 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.