Custom Index Systems LLC Increases Holdings in American Financial Group, Inc. (NYSE:AFG)

Custom Index Systems LLC grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 69.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 9,391 shares of the insurance provider’s stock after buying an additional 3,844 shares during the quarter. American Financial Group makes up about 0.7% of Custom Index Systems LLC’s investment portfolio, making the stock its 28th largest holding. Custom Index Systems LLC’s holdings in American Financial Group were worth $1,264,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in shares of American Financial Group during the 2nd quarter valued at about $30,000. Headlands Technologies LLC purchased a new position in shares of American Financial Group during the 2nd quarter worth approximately $38,000. Covestor Ltd grew its holdings in shares of American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the period. Blue Trust Inc. lifted its stake 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 valued at $59,000 after purchasing an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its stake in shares of American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the period. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Down 2.4 %

American Financial Group stock traded down $3.20 during mid-day trading on Friday, reaching $129.41. The stock had a trading volume of 249,818 shares, compared to its average volume of 301,110. The company has a market capitalization of $10.86 billion, a price-to-earnings ratio of 12.21 and a beta of 0.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a one year low of $106.62 and a one year high of $138.81. The company has a 50-day moving average price of $134.18 and a two-hundred day moving average price of $129.66.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The firm had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period in the prior year, the firm earned $2.38 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that American Financial Group, Inc. will post 10.99 EPS for the current fiscal year.

American Financial Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were paid a dividend of $0.80 per share. This is an increase from American Financial Group’s previous quarterly dividend of $0.71. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date was Tuesday, October 15th. American Financial Group’s payout ratio is currently 30.19%.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets increased their price objective on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

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.