Citigroup Inc. Grows Position in American Financial Group, Inc. (NYSE:AFG)

Citigroup Inc. lifted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 17.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,910 shares of the insurance provider's stock after acquiring an additional 12,749 shares during the quarter. Citigroup Inc. owned 0.10% of American Financial Group worth $11,429,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in American Financial Group by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 836,619 shares of the insurance provider's stock valued at $102,921,000 after purchasing an additional 7,797 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of American Financial Group by 0.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider's stock valued at $70,881,000 after buying an additional 2,389 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of American Financial Group by 8.5% in the third 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. EULAV Asset Management grew its holdings in American Financial Group by 9.4% during the third quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider's stock worth $67,128,000 after acquiring an additional 42,902 shares during the period. Finally, Bahl & Gaynor Inc. raised its position in American Financial Group by 8.6% in the second quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider's stock worth $60,528,000 after acquiring an additional 38,937 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Price Performance

AFG stock traded down $1.06 during midday trading on Friday, hitting $146.87. 190,746 shares of the stock were exchanged, compared to its average volume of 312,501. The stock's 50-day moving average price is $136.64 and its 200-day moving average price is $131.30. 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 market cap of $12.33 billion, a price-to-earnings ratio of 13.86 and a beta of 0.79. American Financial Group, Inc. has a fifty-two week low of $110.87 and a fifty-two week high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results 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 return on equity of 19.97% and a net margin of 10.84%. The firm had revenue of $2.06 billion for the quarter, compared to analyst estimates of $1.80 billion. During the same period last year, the firm earned $2.45 EPS. The company's quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts predict that American Financial Group, Inc. will post 10.73 earnings per share for the current 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 given 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 payout ratio is presently 29.99%.

Analyst Ratings Changes

AFG has been the subject of a number of recent analyst reports. Piper Sandler raised their target price 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 raised their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a research note on Friday, November 15th.

American Financial Group Company 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.