American Financial Group, Inc. (NYSE:AFG) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,050 shares of the insurance provider’s stock after selling 114 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in American Financial Group were worth $1,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Bank of New York Mellon Corp raised its stake in shares of American Financial Group by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock valued at $102,921,000 after acquiring an additional 7,797 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of American Financial Group by 0.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock valued at $70,881,000 after buying an additional 2,389 shares during the period. Bahl & Gaynor Inc. grew its position in shares of American Financial Group by 8.6% during the second quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock worth $60,528,000 after buying an additional 38,937 shares in the last quarter. Boston Trust Walden Corp grew its position in shares of American Financial Group by 2.8% during the second quarter. Boston Trust Walden Corp now owns 431,218 shares of the insurance provider’s stock worth $53,048,000 after buying an additional 11,897 shares in the last quarter. Finally, EULAV Asset Management increased its stake in shares of American Financial Group by 8.4% during the first quarter. EULAV Asset Management now owns 406,092 shares of the insurance provider’s stock worth $55,423,000 after buying an additional 31,574 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on AFG shares. BMO Capital Markets boosted their price target on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday. Piper Sandler boosted their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

American Financial Group Stock Performance

Shares of AFG opened at $137.82 on Monday. The company has a market capitalization of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.79. American Financial Group, Inc. has a 52-week low of $108.39 and a 52-week high of $144.81. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a 50 day moving average price of $134.93 and a 200 day moving average price of $130.36.

American Financial Group (NYSE:AFG) last issued its 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). The company had revenue of $2.06 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 EPS. Research analysts predict that American Financial Group, Inc. will post 10.88 EPS for the current fiscal year.

American Financial Group Increases Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be given a dividend of $4.00 per share. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from American Financial Group’s previous None dividend of $1.00. American Financial Group’s payout ratio is 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.