EULAV Asset Management Grows Stake in American Financial Group, Inc. (NYSE:AFG)

EULAV Asset Management grew its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 9.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 498,721 shares of the insurance provider’s stock after buying an additional 42,902 shares during the period. American Financial Group accounts for 1.6% of EULAV Asset Management’s portfolio, making the stock its 18th biggest position. EULAV Asset Management owned approximately 0.59% of American Financial Group worth $67,128,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in American Financial Group during the 3rd quarter valued at approximately $210,000. Quest Partners LLC boosted its position in shares of American Financial Group by 166.1% during the third quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider’s stock valued at $953,000 after purchasing an additional 4,418 shares in the last quarter. Thrivent Financial for Lutherans grew its stake in American Financial Group by 7.3% in the third quarter. Thrivent Financial for Lutherans now owns 16,952 shares of the insurance provider’s stock worth $2,282,000 after purchasing an additional 1,146 shares during the period. Mutual of America Capital Management LLC lifted its position in American Financial Group by 7.9% during the third quarter. Mutual of America Capital Management LLC now owns 85,043 shares of the insurance provider’s stock valued at $11,447,000 after buying an additional 6,252 shares during the period. Finally, Natixis Advisors LLC boosted its holdings in shares of American Financial Group by 3.1% during the 3rd quarter. Natixis Advisors LLC now owns 17,929 shares of the insurance provider’s stock valued at $2,413,000 after buying an additional 544 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of several analyst reports. BMO Capital Markets boosted their target price on American Financial Group from $135.00 to $143.00 and gave the stock a “market perform” rating in a report on Friday, November 15th. Piper Sandler boosted their price target on American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

American Financial Group Trading Down 0.9 %

AFG opened at $138.41 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock’s fifty day moving average is $134.98 and its two-hundred day moving average is $130.46. American Financial Group, Inc. has a 52 week low of $108.39 and a 52 week high of $144.81. The company has a market capitalization of $11.62 billion, a P/E ratio of 12.97 and a beta of 0.79.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($0.20). American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The company had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the company earned $2.45 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. Analysts forecast that American Financial Group, Inc. will post 10.88 earnings per share for the current year.

American Financial Group Increases Dividend

The company also recently announced a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be paid a $4.00 dividend. This is a boost from American Financial Group’s previous None dividend of $1.00. The ex-dividend date of this dividend is Friday, November 15th. American Financial Group’s payout ratio is currently 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.