UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $59.57 Million Position in American Financial Group, Inc. (NYSE:AFG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 5.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 442,533 shares of the insurance provider’s stock after buying an additional 21,796 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in American Financial Group were worth $59,565,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of AFG. FMR LLC lifted its position in American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after acquiring an additional 202,522 shares during the last quarter. Bank of Montreal Can lifted its holdings in American Financial Group by 251.1% during the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock worth $19,442,000 after purchasing an additional 105,764 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in American Financial Group by 123.4% in the 3rd quarter. Assenagon Asset Management S.A. now owns 115,050 shares of the insurance provider’s stock valued at $15,486,000 after purchasing an additional 63,541 shares during the period. EULAV Asset Management grew its holdings in American Financial Group by 9.4% in the 3rd quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider’s stock valued at $67,128,000 after buying an additional 42,902 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in American Financial Group by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock valued at $67,719,000 after buying an additional 39,623 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Performance

NYSE:AFG opened at $143.91 on Tuesday. The company has a market cap of $12.08 billion, a price-to-earnings ratio of 13.49 and a beta of 0.79. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a fifty day moving average price of $137.01 and a 200-day moving average price of $131.49.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. As a group, equities analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

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

Wall Street Analyst Weigh In

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

American Financial Group 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.