Brooklyn Investment Group Makes New $130,000 Investment in American Financial Group, Inc. (NYSE:AFG)

Brooklyn Investment Group bought a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 968 shares of the insurance provider’s stock, valued at approximately $130,000.

A number of other large investors have also recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of American Financial Group by 3.8% in the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after buying an additional 202,522 shares during the period. Bank of New York Mellon Corp grew its holdings in American Financial Group by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider’s stock worth $102,921,000 after acquiring an additional 7,797 shares in the last quarter. Johnson Investment Counsel Inc. increased its position in American Financial Group by 0.4% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock valued at $70,881,000 after purchasing an additional 2,389 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of American Financial Group by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock valued at $67,719,000 after purchasing an additional 39,623 shares in the last quarter. Finally, EULAV Asset Management boosted its stake in shares of American Financial Group by 9.4% during the third quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock valued at $67,128,000 after purchasing an additional 42,902 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

Shares of AFG opened at $148.06 on Thursday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $12.43 billion, a PE ratio of 13.88 and a beta of 0.79. American Financial Group, Inc. has a 12 month low of $110.53 and a 12 month high of $150.19. The stock has a fifty day moving average price of $136.42 and a 200-day moving average price of $131.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data 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 for 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 business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.45 EPS. Equities research analysts predict that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The company also recently announced a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $4.00 dividend. 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 29.99%.

Analysts Set New Price Targets

A number of brokerages recently commented on AFG. BMO Capital Markets boosted their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a research note on Friday, November 15th. Piper Sandler upped their price objective on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 12th.

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.