Everence Capital Management Inc. Purchases New Holdings in American Financial Group, Inc. (NYSE:AFG)

Everence Capital Management Inc. acquired a new position in American Financial Group, Inc. (NYSE:AFG) in the 4th quarter, HoldingsChannel reports. The fund acquired 2,080 shares of the insurance provider’s stock, valued at approximately $285,000.

Several other large investors have also modified their holdings of AFG. Headlands Technologies LLC purchased a new stake in shares of American Financial Group in the second quarter worth approximately $38,000. Acadian Asset Management LLC bought a new position in American Financial Group in the 2nd quarter valued at $85,000. Abich Financial Wealth Management LLC increased its stake in American Financial Group by 35.6% in the second quarter. Abich Financial Wealth Management LLC now owns 716 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 188 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of American Financial Group during the second quarter worth $99,000. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of American Financial Group during the third quarter valued at $111,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of American Financial Group stock opened at $132.18 on Wednesday. American Financial Group, Inc. has a 12 month low of $115.64 and a 12 month high of $150.19. The stock’s fifty day moving average price is $138.84 and its 200-day moving average price is $133.36. The firm has a market cap of $11.09 billion, a P/E ratio of 12.39 and a beta of 0.83. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG) last posted 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 business had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 EPS. On average, equities research analysts expect that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 24th. Shareholders of record on Tuesday, January 14th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.42%. The ex-dividend date is Tuesday, January 14th. American Financial Group’s dividend payout ratio is currently 29.99%.

Analyst Ratings Changes

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

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.