Geode Capital Management LLC Purchases 143,820 Shares of American Financial Group, Inc. (NYSE:AFG)

Geode Capital Management LLC boosted its position in American Financial Group, Inc. (NYSE:AFG) by 10.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,553,207 shares of the insurance provider’s stock after purchasing an additional 143,820 shares during the quarter. Geode Capital Management LLC owned about 1.85% of American Financial Group worth $208,699,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of American Financial Group by 11.0% in the third quarter. Barclays PLC now owns 63,333 shares of the insurance provider’s stock valued at $8,528,000 after acquiring an additional 6,272 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in American Financial Group by 7.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 35,248 shares of the insurance provider’s stock worth $4,744,000 after purchasing an additional 2,500 shares in the last quarter. MML Investors Services LLC raised its stake in American Financial Group by 3.5% in the 3rd quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider’s stock worth $458,000 after purchasing an additional 116 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in American Financial Group in the 3rd quarter valued at about $125,000. Finally, EP Wealth Advisors LLC bought a new position in shares of American Financial Group during the third quarter worth approximately $225,000. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Price Performance

Shares of NYSE:AFG opened at $139.91 on Monday. The firm has a 50 day moving average of $138.05 and a 200-day moving average of $132.22. American Financial Group, Inc. has a 12 month low of $115.64 and a 12 month high of $150.19. 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 stock has a market capitalization of $11.74 billion, a PE ratio of 13.11 and a beta of 0.82.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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 analyst estimates of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 earnings per share. On average, equities research 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 disclosed a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $4.00 dividend. The ex-dividend date of this dividend 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 (DPR) is 29.99%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Piper Sandler boosted their price target on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, November 12th. BMO Capital Markets increased their target price 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.

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.