EULAV Asset Management Has $67.13 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

EULAV Asset Management raised its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 498,721 shares of the insurance provider's stock after acquiring an additional 42,902 shares during the period. American Financial Group comprises about 1.6% of EULAV Asset Management's investment portfolio, making the stock its 18th largest position. EULAV Asset Management owned 0.59% of American Financial Group worth $67,128,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of AFG. Covestor Ltd lifted its stake in shares of American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock valued at $59,000 after acquiring an additional 346 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in American Financial Group by 21.4% in the first quarter. O Shaughnessy Asset Management LLC now owns 4,013 shares of the insurance provider's stock valued at $548,000 after buying an additional 707 shares during the period. UniSuper Management Pty Ltd lifted its stake in American Financial Group by 100.0% in the first quarter. UniSuper Management Pty Ltd now owns 1,000 shares of the insurance provider's stock valued at $136,000 after buying an additional 500 shares during the period. Vident Advisory LLC lifted its stake in American Financial Group by 360.7% in the first quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider's stock valued at $3,706,000 after buying an additional 21,261 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its stake in American Financial Group by 2.5% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 46,704 shares of the insurance provider's stock valued at $6,374,000 after buying an additional 1,132 shares during the period. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. BMO Capital Markets increased their price objective 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 raised 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.

American Financial Group Stock Performance

Shares of AFG traded up $2.43 during mid-day trading on Wednesday, reaching $140.85. The company's stock had a trading volume of 302,260 shares, compared to its average volume of 304,868. American Financial Group, Inc. has a 1-year low of $109.07 and a 1-year high of $144.81. The stock has a market cap of $11.82 billion, a P/E ratio of 12.93 and a beta of 0.79. The business has a 50-day simple moving average of $135.06 and a two-hundred day simple moving average of $130.53. 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 released its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The business's quarterly revenue was up 10.8% on a year-over-year basis. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The company also recently declared a None dividend, which will be paid on Tuesday, November 26th. Investors of record on Friday, November 15th will be issued a dividend of $4.00 per share. 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 dividend payout ratio (DPR) is presently 29.99%.

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.