Jacobs Levy Equity Management Inc. Purchases 6,127 Shares of American Financial Group, Inc. (NYSE:AFG)

Jacobs Levy Equity Management Inc. grew its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 193.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,293 shares of the insurance provider's stock after acquiring an additional 6,127 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in American Financial Group were worth $1,251,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Quest Partners LLC raised its holdings in 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 buying an additional 4,418 shares during the period. Oak Thistle LLC acquired a new stake in shares of American Financial Group in the second quarter worth $987,000. GSA Capital Partners LLP purchased a new stake in American Financial Group in the 3rd quarter worth about $579,000. EULAV Asset Management increased its holdings in shares of American Financial Group by 9.4% in the 3rd quarter. EULAV Asset Management now owns 498,721 shares of the insurance provider's stock valued at $67,128,000 after purchasing an additional 42,902 shares during the period. Finally, KBC Group NV lifted its position in shares of American Financial Group by 191.5% in the third quarter. KBC Group NV now owns 21,807 shares of the insurance provider's stock worth $2,935,000 after purchasing an additional 14,327 shares in the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Down 0.9 %

Shares of AFG stock traded down $1.26 on Monday, hitting $141.72. The company's stock had a trading volume of 79,645 shares, compared to its average volume of 312,059. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 13.40 and a beta of 0.82. American Financial Group, Inc. has a fifty-two week low of $115.45 and a fifty-two week high of $150.19. The firm's fifty day moving average price is $137.60 and its 200-day moving average price is $131.79.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results 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 firm had revenue of $2.06 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. The business's quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts anticipate that American Financial Group, Inc. will post 10.73 EPS for the current year.

American Financial Group Increases Dividend

The business also recently disclosed a None dividend, which was paid on Tuesday, November 26th. Stockholders 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 is currently 29.99%.

Analysts Set New Price Targets

A number of research firms have issued reports on AFG. Piper Sandler increased their target price on shares of American Financial Group from $135.00 to $150.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. BMO Capital Markets lifted their price objective on American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a research report 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.