Quadrature Capital Ltd Has $234,000 Stake in American Financial Group, Inc. (NYSE:AFG)

Quadrature Capital Ltd lowered its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 71.3% during the third quarter, Holdings Channel reports. The institutional investor owned 1,740 shares of the insurance provider’s stock after selling 4,324 shares during the quarter. Quadrature Capital Ltd’s holdings in American Financial Group were worth $234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of American Financial Group during the 2nd quarter valued at about $30,000. Headlands Technologies LLC acquired a new stake in American Financial Group during the second quarter valued at approximately $38,000. Blue Trust Inc. grew 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. nVerses Capital LLC raised its holdings in shares of American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after buying an additional 400 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of American Financial Group during the 2nd quarter worth approximately $85,000. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Down 2.0 %

NYSE AFG opened at $139.20 on Wednesday. The stock’s 50 day simple moving average is $137.83 and its 200 day simple moving average is $131.95. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a one year low of $115.45 and a one year high of $150.19. The firm has a market cap of $11.68 billion, a PE ratio of 13.05 and a beta of 0.82.

American Financial Group (NYSE:AFG) last announced 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 business had revenue of $2.06 billion for 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%. American Financial Group’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 EPS. As a group, sell-side analysts forecast that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business also recently announced a None dividend, which was paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th were given a dividend of $4.00 per share. 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 is presently 29.99%.

Analyst Upgrades and Downgrades

AFG has been the topic of a number of analyst reports. BMO Capital Markets upped their price target on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday, November 15th. Piper Sandler increased 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 report on Tuesday, November 12th.

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.