Curi RMB Capital LLC Boosts Position in American Financial Group, Inc. (NYSE:AFG)

Curi RMB Capital LLC grew its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 0.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 131,038 shares of the insurance provider’s stock after acquiring an additional 1,084 shares during the period. Curi RMB Capital LLC’s holdings in American Financial Group were worth $17,638,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of American Financial Group in the second quarter worth $30,000. Headlands Technologies LLC purchased a new stake in shares of American Financial Group in the 2nd quarter valued at about $38,000. Covestor Ltd raised its holdings in shares of American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. boosted its position 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 valued at $59,000 after acquiring an additional 133 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 523 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Piper Sandler boosted their price target 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. BMO Capital Markets upped their target price on shares of American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a research report on Tuesday, October 8th.

American Financial Group Trading Up 0.2 %

NYSE:AFG opened at $143.79 on Thursday. The company has a 50-day moving average price of $134.68 and a 200-day moving average price of $130.19. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 13.48 and a beta of 0.79. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 12 month low of $108.20 and a 12 month high of $144.81.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 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 the consensus estimate of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The company’s revenue was up 10.8% compared to the same quarter last year. During the same period last year, the firm posted $2.45 earnings per share. Equities analysts predict that American Financial Group, Inc. will post 10.88 EPS for the current year.

American Financial Group Increases Dividend

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