American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Barclays PLC

Barclays PLC boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 11.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,333 shares of the insurance provider’s stock after buying an additional 6,272 shares during the period. Barclays PLC owned 0.08% of American Financial Group worth $8,528,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in AFG. Innealta Capital LLC acquired a new position in shares of American Financial Group during the 2nd quarter valued at about $30,000. Headlands Technologies LLC acquired a new position in American Financial Group in the 2nd quarter valued at about $38,000. Blue Trust Inc. boosted its holdings in American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares during the last quarter. nVerses Capital LLC grew its stake in shares of American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after buying an additional 400 shares during the period. Finally, Acadian Asset Management LLC acquired a new stake in shares of American Financial Group during the 2nd quarter worth approximately $85,000. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

NYSE:AFG opened at $137.89 on Wednesday. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The company has a 50 day moving average price of $138.14 and a 200 day moving average price of $132.31. The stock has a market capitalization of $11.57 billion, a P/E ratio of 12.92 and a beta of 0.82.

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

American Financial Group Increases Dividend

The firm also recently declared a None dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were paid a dividend of $4.00 per share. The ex-dividend date was 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 is 29.99%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Piper Sandler increased their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th. BMO Capital Markets increased their price target on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

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.