Charles Schwab Investment Management Inc. Boosts Stake in American Financial Group, Inc. (NYSE:AFG)

Charles Schwab Investment Management Inc. boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 8.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 503,115 shares of the insurance provider's stock after buying an additional 39,623 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.60% of American Financial Group worth $67,719,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. EULAV Asset Management grew its holdings in American Financial Group by 9.4% during the 3rd 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 in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of American Financial Group in the 3rd quarter worth $210,000. Quest Partners LLC lifted its stake in shares of American Financial Group by 166.1% during the 3rd quarter. Quest Partners LLC now owns 7,078 shares of the insurance provider's stock worth $953,000 after purchasing an additional 4,418 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in shares of American Financial Group by 7.3% during the 3rd 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 last quarter. Finally, Mutual of America Capital Management LLC boosted 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 purchasing an additional 6,252 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

NYSE AFG traded down $1.06 during mid-day trading on Friday, reaching $146.87. 190,746 shares of the stock were exchanged, compared to its average volume of 312,501. American Financial Group, Inc. has a 1 year low of $110.87 and a 1 year 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 business's 50 day moving average is $136.64 and its 200-day moving average is $131.30. The company has a market capitalization of $12.33 billion, a P/E ratio of 13.86 and a beta of 0.79.

American Financial Group (NYSE:AFG - Get Free Report) last posted its 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 business had revenue of $2.06 billion for the quarter, compared to analyst estimates 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 quarter last year, the business earned $2.45 earnings per share. On average, equities research analysts forecast that American Financial Group, Inc. will post 10.73 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business 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. 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 (DPR) is currently 29.99%.

Wall Street Analyst Weigh In

Several analysts have recently commented on AFG shares. BMO Capital Markets increased their price objective on 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 increased their price target on 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.