KBC Group NV Has $2.94 Million Stake in American Financial Group, Inc. (NYSE:AFG)

KBC Group NV lifted its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 191.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,807 shares of the insurance provider's stock after acquiring an additional 14,327 shares during the quarter. KBC Group NV's holdings in American Financial Group were worth $2,935,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of American Financial Group by 13.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider's stock valued at $5,145,000 after buying an additional 4,420 shares during the last quarter. Vident Advisory LLC grew its position in shares of American Financial Group by 360.7% in the 1st quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider's stock valued at $3,706,000 after acquiring an additional 21,261 shares during the period. Oak Thistle LLC acquired a new position in shares of American Financial Group during the 2nd quarter worth about $987,000. Assenagon Asset Management S.A. raised its holdings in shares of American Financial Group by 302.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 51,509 shares of the insurance provider's stock valued at $6,337,000 after purchasing an additional 38,718 shares during the period. Finally, FCG Investment Co bought a new stake in shares of American Financial Group in the 3rd quarter valued at about $1,058,000. 64.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. BMO Capital Markets increased their price target on American Financial Group from $135.00 to $143.00 and gave the company a "market perform" rating in a research note on Friday. Piper Sandler boosted 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 Price Performance

AFG traded up $2.05 during trading on Monday, hitting $139.87. 234,805 shares of the stock traded hands, compared to its average volume of 303,326. The business has a 50 day moving average price of $134.93 and a 200 day moving average price of $130.37. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.46. American Financial Group, Inc. has a twelve month low of $108.39 and a twelve month high of $144.81. The company has a market cap of $11.74 billion, a price-to-earnings ratio of 12.91 and a beta of 0.79.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share 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 business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. American Financial Group's quarterly revenue was up 10.8% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post 10.88 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The business also recently declared a None dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Friday, November 15th will be paid a $4.00 dividend. This is an increase 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 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.