GAMMA Investing LLC Has $145,000 Holdings in American Financial Group, Inc. (NYSE:AFG)

GAMMA Investing LLC boosted its holdings in American Financial Group, Inc. (NYSE:AFG) by 31.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,059 shares of the insurance provider’s stock after purchasing an additional 254 shares during the quarter. GAMMA Investing LLC’s holdings in American Financial Group were worth $145,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its holdings in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after purchasing an additional 202,522 shares during the period. JPMorgan Chase & Co. increased its stake in American Financial Group by 78.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider’s stock worth $44,832,000 after acquiring an additional 146,237 shares during the period. Geode Capital Management LLC raised its holdings in American Financial Group by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares in the last quarter. Bank of Montreal Can lifted its position in shares of American Financial Group by 251.1% during the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after acquiring an additional 105,764 shares during the period. Finally, State Street Corp grew its holdings in shares of American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after purchasing an additional 104,172 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on AFG shares. BMO Capital Markets boosted their price target on 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 boosted their target price 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.

American Financial Group Trading Down 0.0 %

Shares of AFG opened at $132.16 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 52-week low of $115.64 and a 52-week high of $150.19. The firm has a market cap of $11.09 billion, a price-to-earnings ratio of 12.39 and a beta of 0.83. The business’s fifty day moving average is $138.88 and its 200-day moving average is $133.35.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 EPS. Equities analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Announces Dividend

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