Stifel Financial Corp Has $6 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Stifel Financial Corp lifted its stake in American Financial Group, Inc. (NYSE:AFG) by 0.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,609 shares of the insurance provider’s stock after buying an additional 330 shares during the period. Stifel Financial Corp owned approximately 0.05% of American Financial Group worth $6,004,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC acquired a new stake in shares of American Financial Group during the 2nd quarter worth $30,000. Headlands Technologies LLC acquired a new stake in American Financial Group during the second quarter worth about $38,000. Blue Trust Inc. grew its stake in American Financial Group by 44.3% during 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 in the last quarter. nVerses Capital LLC increased its holdings in American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after buying an additional 400 shares during the period. Finally, Acadian Asset Management LLC acquired a new position in shares of American Financial Group in the 2nd quarter valued at approximately $85,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Price Performance

AFG stock opened at $139.91 on Friday. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 13.11 and a beta of 0.82. 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 company has a 50 day simple moving average of $138.05 and a 200 day simple moving average of $132.17. American Financial Group, Inc. has a 1 year low of $115.64 and a 1 year high of $150.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (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 company 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 posted $2.45 earnings per share. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. Research analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were paid a dividend of $4.00 per share. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date was Friday, November 15th. American Financial Group’s dividend payout ratio (DPR) is presently 29.99%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler lifted their price objective 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. BMO Capital Markets boosted their price target on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th.

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.