Erste Asset Management GmbH Makes New $243,000 Investment in American Financial Group, Inc. (NYSE:AFG)

Erste Asset Management GmbH acquired a new position in American Financial Group, Inc. (NYSE:AFG) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,800 shares of the insurance provider’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Innealta Capital LLC purchased a new stake in American Financial Group in the second quarter worth about $30,000. Headlands Technologies LLC purchased a new position in shares of American Financial Group during the second quarter valued at approximately $38,000. Blue Trust Inc. lifted its holdings in shares of American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after purchasing an additional 400 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new position in shares of American Financial Group during the second quarter valued at approximately $85,000. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Price Performance

Shares of AFG opened at $142.89 on Thursday. The company has a market capitalization of $11.99 billion, a P/E ratio of 13.39 and a beta of 0.82. 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 firm has a 50 day moving average of $137.28 and a 200 day moving average of $131.63. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($0.20). The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. American Financial Group’s revenue was up 10.8% on a year-over-year basis. During the same period last year, the business earned $2.45 EPS. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 10.73 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

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

Analyst Ratings Changes

AFG has been the subject of several recent research reports. BMO Capital Markets lifted 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 report on Friday, November 15th. Piper Sandler lifted their target price 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.

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.