Sumitomo Mitsui Trust Group Inc. Buys 5,352 Shares of American Financial Group, Inc. (NYSE:AFG)

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 147,860 shares of the insurance provider's stock after acquiring an additional 5,352 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of American Financial Group worth $19,902,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of AFG. Innealta Capital LLC acquired a new stake in shares of American Financial Group during the second quarter worth $30,000. Headlands Technologies LLC acquired a new stake in shares of American Financial Group during the second quarter worth $38,000. Covestor Ltd increased its position in shares of American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock worth $59,000 after buying an additional 346 shares during the period. Blue Trust Inc. increased its position in shares of American Financial Group by 44.3% during the second 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 increased its position in shares of American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider's stock worth $72,000 after buying an additional 523 shares during the period. Institutional investors own 64.37% of the company's stock.

American Financial Group Stock Up 1.3 %

Shares of American Financial Group stock traded up $1.80 during trading hours on Monday, reaching $139.62. The company's stock had a trading volume of 467,664 shares, compared to its average volume of 304,230. American Financial Group, Inc. has a one year low of $108.39 and a one year high of $144.81. The company has a market capitalization of $11.72 billion, a P/E ratio of 12.91 and a beta of 0.79. The stock's fifty day simple moving average is $134.93 and its two-hundred day simple moving average is $130.37. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 0.53.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly 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 net margin of 10.84% and a return on equity of 19.97%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts forecast that American Financial Group, Inc. will post 10.88 earnings per share for the current year.

American Financial Group Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on AFG shares. BMO Capital Markets raised their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a report on Friday. Piper Sandler raised their price target 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.

About American Financial Group

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.