Pathstone Holdings LLC Has $4.32 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Pathstone Holdings LLC trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,100 shares of the insurance provider’s stock after selling 543 shares during the quarter. Pathstone Holdings LLC’s holdings in American Financial Group were worth $4,321,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AFG. Oppenheimer & Co. Inc. grew its position in shares of American Financial Group by 4.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock worth $291,000 after buying an additional 83 shares during the period. Sei Investments Co. grew its holdings in American Financial Group by 0.3% during the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock worth $3,206,000 after acquiring an additional 86 shares during the period. Diversified Trust Co raised its position in shares of American Financial Group by 5.0% during the 2nd quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock valued at $259,000 after acquiring an additional 100 shares during the last quarter. Verdence Capital Advisors LLC lifted its stake in shares of American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock valued at $283,000 after purchasing an additional 125 shares during the period. Finally, Blue Trust Inc. boosted its position in shares of American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 133 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Performance

Shares of American Financial Group stock opened at $146.47 on Friday. The stock’s fifty day simple moving average is $135.68 and its 200 day simple moving average is $130.81. 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 company has a market capitalization of $12.29 billion, a PE ratio of 13.73 and a beta of 0.79. American Financial Group, Inc. has a 12 month low of $110.53 and a 12 month high of $147.01.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the business earned $2.45 EPS. The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, research analysts predict that American Financial Group, Inc. will post 10.73 EPS for the current 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 issued a $4.00 dividend. The ex-dividend date is 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 29.99%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on AFG shares. BMO Capital Markets upped their price objective on 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 increased 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 report on Tuesday, November 12th.

About American Financial Group

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.