Thrivent Financial for Lutherans Grows Stock Position in American Financial Group, Inc. (NYSE:AFG)

Thrivent Financial for Lutherans lifted its stake in American Financial Group, Inc. (NYSE:AFG) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,952 shares of the insurance provider’s stock after acquiring an additional 1,146 shares during the period. Thrivent Financial for Lutherans’ holdings in American Financial Group were worth $2,282,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Innealta Capital LLC bought a new stake in American Financial Group during the second quarter valued at $30,000. Headlands Technologies LLC purchased a new position in shares of American Financial Group in the second quarter worth about $38,000. Blue Trust Inc. increased its holdings in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after buying an additional 133 shares during the period. Abich Financial Wealth Management LLC increased its holdings in shares of American Financial Group by 10,460.0% in the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after buying an additional 523 shares during the period. Finally, nVerses Capital LLC increased its holdings in shares of American Financial Group by 200.0% in the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after buying an additional 400 shares during the period. 64.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AFG shares. Piper Sandler boosted their price target on American Financial Group from $135.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, November 12th. BMO Capital Markets lifted 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, November 15th.

American Financial Group Price Performance

Shares of AFG opened at $148.06 on Thursday. The firm has a market cap of $12.43 billion, a PE ratio of 13.88 and a beta of 0.79. 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 fifty day simple moving average of $136.17 and a two-hundred day simple moving average of $131.07. American Financial Group, Inc. has a 1-year low of $110.53 and a 1-year high of $150.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data 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 company had revenue of $2.06 billion during 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 company’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $2.45 earnings per share. On average, equities analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Shareholders of record on Friday, November 15th were issued a dividend of $4.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 29.99%.

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.