BNP Paribas Financial Markets Raises Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

BNP Paribas Financial Markets increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 55.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 94,975 shares of the insurance provider's stock after acquiring an additional 33,888 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.11% of American Financial Group worth $12,784,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new stake in shares of American Financial Group in the 2nd quarter worth approximately $30,000. Headlands Technologies LLC bought a new stake in shares of American Financial Group in the second quarter valued at $38,000. Blue Trust Inc. lifted its position in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock valued at $59,000 after buying an additional 133 shares during the last quarter. nVerses Capital LLC grew its stake in shares of American Financial Group by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider's stock worth $74,000 after acquiring an additional 400 shares during the period. Finally, Acadian Asset Management LLC purchased a new stake in American Financial Group in the 2nd quarter worth about $85,000. Hedge funds and other institutional investors own 64.37% of the company's stock.

American Financial Group Price Performance

Shares of AFG stock traded down $2.95 during trading hours on Monday, hitting $143.91. 406,282 shares of the company's stock were exchanged, compared to its average volume of 312,905. The company has a market capitalization of $12.08 billion, a PE ratio of 13.53 and a beta of 0.79. The business's 50 day simple moving average is $136.87 and its 200-day simple moving average is $131.42. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results on Tuesday, November 5th. The insurance provider reported $2.31 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 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%. The company's quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 earnings per share. On average, equities research analysts anticipate 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 declared a None dividend, which was paid on Tuesday, November 26th. Investors of record on Friday, November 15th were paid a $4.00 dividend. This is a positive change from American Financial Group's previous None dividend of $1.00. The ex-dividend date was Friday, November 15th. American Financial Group's dividend payout ratio (DPR) is presently 29.99%.

Analysts Set New Price Targets

A number of brokerages have weighed in on AFG. BMO Capital Markets increased their target price on shares of American Financial Group from $135.00 to $143.00 and gave the stock 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 research note 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.