American Financial Group, Inc. (NYSE:AFG) Shares Purchased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 5.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 442,533 shares of the insurance provider's stock after buying an additional 21,796 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.53% of American Financial Group worth $59,565,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Tidal Investments LLC lifted its position in American Financial Group by 23.4% in the first quarter. Tidal Investments LLC now owns 2,742 shares of the insurance provider's stock worth $374,000 after buying an additional 520 shares during the last quarter. Swedbank AB purchased a new position in shares of American Financial Group during the 1st quarter worth about $133,000. DekaBank Deutsche Girozentrale grew its holdings in American Financial Group by 2.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider's stock valued at $937,000 after purchasing an additional 136 shares during the last quarter. GAMMA Investing LLC lifted its stake in American Financial Group by 59.2% in the second quarter. GAMMA Investing LLC now owns 769 shares of the insurance provider's stock worth $95,000 after purchasing an additional 286 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of American Financial Group by 2.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,196 shares of the insurance provider's stock valued at $885,000 after buying an additional 156 shares during the period. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Stock Down 1.3 %

Shares of AFG traded down $1.88 during midday trading on Tuesday, reaching $142.03. 349,418 shares of the stock were exchanged, compared to its average volume of 313,113. The company has a market capitalization of $11.92 billion, a P/E ratio of 13.31 and a beta of 0.82. 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, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19. The company's 50 day moving average is $137.01 and its two-hundred day moving average is $131.49.

American Financial Group (NYSE:AFG - Get Free Report) last announced its earnings results on Tuesday, November 5th. The insurance provider reported $2.31 earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $2.45 EPS. The firm's revenue was up 10.8% compared to the same quarter last year. On average, sell-side 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. Stockholders of record on Friday, November 15th were given a dividend of $4.00 per share. The ex-dividend date of this dividend was Friday, November 15th. This is an increase from American Financial Group's previous None dividend of $1.00. American Financial Group's dividend payout ratio is presently 29.99%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AFG. BMO Capital Markets raised their price target on American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a research note on Friday, November 15th. Piper Sandler boosted their target price 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.

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.