Several hedge funds have adjusted their investments in American Financial Group (AFG). Innealta Capital LLC and Headlands Technologies LLC each bought new shares worth around $30,000 and $38,000, respectively, in the second quarter. Covestor Ltd increased its ownership by 402.3%, now holding 432 shares valued at $59,000. Blue Trust Inc. raised its stake by 44.3%, owning 433 shares worth $59,000. Abich Financial Wealth Management LLC dramatically increased its position by 10,460%, now having 528 shares valued at $72,000. Hedge funds own 64.37% of AFG stock.
Analyst Ratings Changes
Citigroup has downgraded AFG from buy to neutral and reduced its price target from $144 to $137.
View Our Latest Stock Report on American Financial Group
American Financial Group Price Performance
AFG shares opened at $138.65 on Friday. The company has a debt-to-equity ratio of 0.34, and its market cap is $11.63 billion. AFGs stock has a 12-month low of $105.22 and a high of $138.72. Recently, it reported $2.56 earnings per share, exceeding expectations of $2.45, with revenues of $1.90 billion.
Dividend Increase
AFG announced a quarterly dividend of $0.80, payable on October 25th to stockholders recorded by October 15th. This raises its annual dividend to $3.20, reflecting a yield of 2.31%, up from $0.71.
About American Financial Group
American Financial Group, Inc. offers specialty property and casualty insurance products in the U.S. This includes coverage for transportation, general liability, and various financial insurance products.
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