65,745 Shares in American Financial Group, Inc. $AFG Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in American Financial Group, Inc. (NYSE:AFG) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 65,745 shares of the insurance provider’s stock, valued at approximately $8,991,000.

Other institutional investors have also modified their holdings of the company. Vise Technologies Inc. purchased a new stake in American Financial Group in the 3rd quarter worth approximately $1,268,000. Americana Partners LLC acquired a new position in shares of American Financial Group in the 3rd quarter valued at about $203,000. VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of American Financial Group by 1.0% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 19,600 shares of the insurance provider’s stock worth $2,680,000 after acquiring an additional 200 shares during the period. Parcion Private Wealth LLC acquired a new position in American Financial Group during the 3rd quarter valued at about $239,000. Finally, VestGen Advisors LLC acquired a new position in shares of American Financial Group in the 3rd quarter worth approximately $213,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on AFG shares. Wells Fargo & Company dropped their price objective on shares of American Financial Group from $175.00 to $166.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Weiss Ratings upgraded shares of American Financial Group from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, October 17th. Piper Sandler boosted their target price on American Financial Group from $140.00 to $156.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of American Financial Group from $153.00 to $147.00 and set a “market perform” rating on the stock in a report on Monday, October 12th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $152.75.

American Financial Group Price Performance

AFG stock opened at $154.36 on Thursday. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.38. The company has a fifty day simple moving average of $144.40 and a two-hundred day simple moving average of $136.76. The firm has a market capitalization of $12.80 billion, a P/E ratio of 12.59 and a beta of 0.55. American Financial Group, Inc. has a 52 week low of $123.09 and a 52 week high of $156.24.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 3rd. The insurance provider reported $3.97 EPS for the quarter, beating the consensus estimate of $3.80 by $0.17. The firm had revenue of $2.58 billion for the quarter, compared to analyst estimates of $2.40 billion. American Financial Group had a return on equity of 22.50% and a net margin of 11.96%. During the same quarter last year, the firm posted $2.69 earnings per share. Analysts anticipate that American Financial Group, Inc. will post 12.29 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be issued a $3.50 dividend. The ex-dividend date of this dividend is Monday, November 16th. American Financial Group’s dividend payout ratio is currently 33.92%.

Key American Financial Group News

Here are the key news stories impacting American Financial Group this week:

• Positive Sentiment: AFG reported third-quarter adjusted earnings of $3.97 per share, above the $3.80 analyst consensus, while revenue of $2.58 billion also exceeded estimates of $2.40 billion. Earnings were higher than a year earlier, supporting the positive reaction. American Financial Group Q3 Earnings and Revenues Top Estimates
• Positive Sentiment: The company declared a $3.50-per-share special cash dividend, payable November 25 to shareholders of record November 16. The payout may appeal to income-focused investors and signals a return of capital. American Financial Group Declares Special Cash Dividend
• Neutral Sentiment: Reported net earnings were $3.40 per share, below adjusted EPS, because non-core items reduced income by $0.57 per share. This distinction tempers the headline results but does not erase the earnings and revenue beats. American Financial Group Announces Third Quarter Results and Declares Special Dividend
• Negative Sentiment: AFG’s property-and-casualty combined ratio worsened by 90 basis points to 94%. Although still below 100%, the increase suggests some pressure on underwriting performance. AFG P&C Combined Ratio Worsens in Q3

Insider Transactions at American Financial Group

In other news, CFO Brian Hertzman sold 950 shares of the firm’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $142.87, for a total transaction of $135,726.50. Following the completion of the transaction, the chief financial officer directly owned 11,123 shares in the company, valued at $1,589,143.01. This trade represents a 7.87% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 16.90% of the stock is currently owned by company insiders.

American Financial Group Company Profile

American Financial Group, Inc (NYSE:AFG) is an insurance holding company headquartered in Cincinnati, Ohio. Through its Great American Insurance Group operations, the company primarily provides property and casualty insurance, with an emphasis on specialty commercial products and markets.

Its insurance offerings serve businesses, organizations and individuals across a range of industries. Product lines have included commercial property and liability coverage, workers’ compensation, transportation, agriculture and crop insurance, marine and other specialty risks.