American Financial Group, Inc. (NYSE:AFG) Shares Sold by Tidal Investments LLC

Tidal Investments LLC decreased its holdings in American Financial Group, Inc. (NYSE:AFG) by 7.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,661 shares of the insurance provider’s stock after selling 278 shares during the quarter. Tidal Investments LLC’s holdings in American Financial Group were worth $493,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in shares of American Financial Group in the 2nd quarter worth $30,000. Headlands Technologies LLC acquired a new position in shares of American Financial Group in the 2nd quarter valued at $38,000. nVerses Capital LLC increased its stake in American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after purchasing an additional 400 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in American Financial Group during the 2nd quarter worth about $85,000. Finally, Abich Financial Wealth Management LLC lifted its position in shares of American Financial Group by 35.6% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock valued at $88,000 after acquiring an additional 188 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of several recent analyst reports. BMO Capital Markets boosted 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, November 15th. Piper Sandler increased their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 12th.

American Financial Group Stock Performance

Shares of AFG stock opened at $136.98 on Monday. American Financial Group, Inc. has a fifty-two week low of $115.64 and a fifty-two week high of $150.19. The stock’s 50-day moving average is $138.17 and its two-hundred day moving average is $132.53. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $11.50 billion, a P/E ratio of 12.84 and a beta of 0.82.

American Financial Group (NYSE:AFG) last announced 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). American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The business had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $2.45 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. Analysts predict that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business 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 was Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is presently 29.99%.

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.