Zions Bancorporation N.A. Grows Position in American Financial Group, Inc. (NYSE:AFG)

Zions Bancorporation N.A. grew its position in shares of American Financial Group, Inc. (NYSE:AFG) by 25.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,017 shares of the insurance provider’s stock after purchasing an additional 615 shares during the quarter. Zions Bancorporation N.A.’s holdings in American Financial Group were worth $406,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. increased its holdings in American Financial Group by 4.0% in the third quarter. Oppenheimer & Co. Inc. now owns 2,165 shares of the insurance provider’s stock valued at $291,000 after buying an additional 83 shares in the last quarter. Sei Investments Co. increased its stake in shares of American Financial Group by 0.3% in the 2nd quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider’s stock valued at $3,206,000 after purchasing an additional 86 shares in the last quarter. Diversified Trust Co increased its stake in shares of American Financial Group by 5.0% in the 2nd quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock valued at $259,000 after purchasing an additional 100 shares in the last quarter. Verdence Capital Advisors LLC raised its holdings in American Financial Group by 6.3% in the 3rd quarter. Verdence Capital Advisors LLC now owns 2,100 shares of the insurance provider’s stock worth $283,000 after purchasing an additional 125 shares during the period. Finally, Blue Trust Inc. boosted its position in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after purchasing an additional 133 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Trading Down 0.1 %

AFG stock opened at $137.82 on Friday. American Financial Group, Inc. has a 12-month low of $108.39 and a 12-month high of $144.81. The business’s 50-day moving average is $134.93 and its 200 day moving average is $130.34. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.31. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 12.92 and a beta of 0.79.

American Financial Group (NYSE:AFG) last issued its quarterly 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 firm had revenue of $2.06 billion for the quarter, compared to analysts’ expectations of $1.80 billion. American Financial Group had a return on equity of 19.97% and a net margin of 10.84%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.45 earnings per share. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.88 EPS for the current fiscal year.

American Financial Group Increases Dividend

The firm 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 $4.00 dividend. This is a positive change from American Financial Group’s previous None dividend of $1.00. The ex-dividend date is Friday, November 15th. American Financial Group’s dividend payout ratio (DPR) is 29.99%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. BMO Capital Markets boosted their price objective on American Financial Group from $135.00 to $143.00 and gave the company a “market perform” rating in a research report on Friday. Piper Sandler lifted their price target on shares of American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday.

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.