Creative Planning Has $3.74 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Creative Planning grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 27,793 shares of the insurance provider’s stock after purchasing an additional 329 shares during the quarter. Creative Planning’s holdings in American Financial Group were worth $3,741,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Innealta Capital LLC bought a new position in shares of American Financial Group in the 2nd quarter valued at approximately $30,000. Headlands Technologies LLC bought a new position in shares of American Financial Group in the second quarter valued at approximately $38,000. Covestor Ltd lifted its stake in shares of American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after buying an additional 346 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of American Financial Group by 44.3% during the 2nd 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 American Financial Group by 10,460.0% in the 1st 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 during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Stock Performance

Shares of NYSE:AFG opened at $129.44 on Friday. The business has a fifty day moving average of $134.18 and a 200-day moving average of $129.67. The firm has a market cap of $10.86 billion, a PE ratio of 12.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. American Financial Group, Inc. has a twelve month low of $106.62 and a twelve month high of $138.81.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.11. The firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.38 EPS. On average, equities research analysts predict that American Financial Group, Inc. will post 10.99 EPS for the current fiscal year.

American Financial Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Investors of record on Tuesday, October 15th were paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.47%. This is an increase from American Financial Group’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Tuesday, October 15th. American Financial Group’s payout ratio is 30.19%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Citigroup cut American Financial Group from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $144.00 to $137.00 in a research report on Friday, June 28th. BMO Capital Markets increased their price objective on American Financial Group from $132.00 to $135.00 and gave the company a “market perform” rating in a research report on Tuesday, October 8th.

American Financial Group 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.