2,129 Shares in American Financial Group, Inc. (NYSE:AFG) Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,129 shares of the insurance provider’s stock, valued at approximately $287,000.

Several other institutional investors also recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in shares of American Financial Group during the 2nd quarter valued at $30,000. Headlands Technologies LLC purchased a new position in American Financial Group in the second quarter valued at about $38,000. Covestor Ltd lifted its stake 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 purchasing an additional 346 shares in the last quarter. Blue Trust Inc. boosted its position 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 worth $59,000 after buying an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC grew its stake in shares of American Financial Group by 10,460.0% in the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after buying an additional 523 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Price Performance

Shares of NYSE AFG opened at $137.82 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a fifty-two week low of $108.39 and a fifty-two week high of $144.81. The business has a 50 day moving average price of $134.93 and a two-hundred day moving average price of $130.36. The firm has a market cap of $11.57 billion, a PE ratio of 12.92 and a beta of 0.79.

American Financial Group (NYSE:AFG) 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). The company 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 firm’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the business posted $2.45 EPS. Sell-side analysts expect that American Financial Group, Inc. will post 10.88 earnings per share 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 given a dividend of $4.00 per share. This is a boost 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%.

Analysts Set New Price Targets

Several equities analysts recently commented on AFG shares. Piper Sandler boosted their price target 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 upped their target price 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.

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.