BNP Paribas Financial Markets Buys 33,888 Shares of American Financial Group, Inc. (NYSE:AFG)

BNP Paribas Financial Markets increased its stake in American Financial Group, Inc. (NYSE:AFG) by 55.5% during the third quarter, HoldingsChannel reports. The firm owned 94,975 shares of the insurance provider’s stock after acquiring an additional 33,888 shares during the period. BNP Paribas Financial Markets’ holdings in American Financial Group were worth $12,784,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new position in American Financial Group during the second quarter worth about $30,000. Headlands Technologies LLC purchased a new position in American Financial Group in the 2nd quarter valued at approximately $38,000. Blue Trust Inc. raised its holdings in American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 133 shares during the period. nVerses Capital LLC lifted its position in shares of American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after acquiring an additional 400 shares in the last quarter. Finally, Acadian Asset Management LLC bought a new position in shares of American Financial Group in the second quarter worth $85,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on AFG shares. 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 increased their price target on shares of American Financial Group from $135.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th.

American Financial Group Price Performance

NYSE:AFG opened at $146.86 on Monday. American Financial Group, Inc. has a 52-week low of $110.87 and a 52-week high of $150.19. The stock has a fifty day moving average of $136.87 and a 200 day moving average of $131.42. 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 firm has a market capitalization of $12.33 billion, a price-to-earnings ratio of 13.76 and a beta of 0.79.

American Financial Group (NYSE:AFG) last issued its quarterly 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). The business had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.80 billion. American Financial Group had a net margin of 10.84% and a return on equity of 19.97%. The business’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. On average, research analysts expect 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. Stockholders of record on Friday, November 15th were issued 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 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.