Eurizon Capital SGR S.p.A. Invests $1.05 Million in American Financial Group, Inc. $AFG

Eurizon Capital SGR S.p.A. acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 7,644 shares of the insurance provider’s stock, valued at approximately $1,046,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ProShare Advisors LLC increased its position in shares of American Financial Group by 8.0% during the third quarter. ProShare Advisors LLC now owns 278,279 shares of the insurance provider’s stock valued at $40,551,000 after purchasing an additional 20,554 shares during the period. Allianz Asset Management GmbH increased its position in shares of American Financial Group by 9.7% during the third quarter. Allianz Asset Management GmbH now owns 335,673 shares of the insurance provider’s stock valued at $48,914,000 after purchasing an additional 29,593 shares during the period. Dimensional Fund Advisors LP increased its position in shares of American Financial Group by 10.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,127,518 shares of the insurance provider’s stock valued at $164,293,000 after purchasing an additional 110,872 shares during the period. Capula Management Ltd bought a new stake in shares of American Financial Group during the third quarter valued at approximately $2,087,000. Finally, JPMorgan Chase & Co. increased its position in shares of American Financial Group by 32.4% during the third quarter. JPMorgan Chase & Co. now owns 407,772 shares of the insurance provider’s stock valued at $59,421,000 after purchasing an additional 99,898 shares during the period. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Performance

Shares of NYSE:AFG opened at $129.02 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.48 and a quick ratio of 0.48. The stock has a market capitalization of $10.72 billion, a price-to-earnings ratio of 12.26 and a beta of 0.64. The business’s fifty day moving average price is $131.37 and its two-hundred day moving average price is $132.16. American Financial Group, Inc. has a fifty-two week low of $121.75 and a fifty-two week high of $150.02.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Thursday, April 30th. The insurance provider reported $2.47 EPS for the quarter, missing analysts’ consensus estimates of $2.54 by ($0.07). The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.70 billion. American Financial Group had a return on equity of 19.50% and a net margin of 10.76%.American Financial Group’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.81 EPS. As a group, analysts predict that American Financial Group, Inc. will post 11.37 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Shareholders of record on Wednesday, April 15th were paid a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. American Financial Group’s payout ratio is currently 33.46%.

Wall Street Analysts Forecast Growth

AFG has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on American Financial Group from $134.00 to $140.00 and gave the company a “market perform” rating in a research report on Wednesday, March 25th. Weiss Ratings upgraded American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 16th. Piper Sandler boosted their price objective on American Financial Group from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, May 26th. Finally, Wells Fargo & Company boosted their price objective on American Financial Group from $155.00 to $158.00 and gave the company an “overweight” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.00.

American Financial Group Profile

American Financial Group, Inc (NYSE: AFG) is a diversified holding company primarily engaged in property and casualty insurance and reinsurance. Through its flagship subsidiary, Great American Insurance Company, the firm underwrites a broad range of specialty insurance products for commercial and industrial clients, including inland marine, excess and surplus lines, executive liability, and environmental liability coverage. In addition, American Financial Group offers supplemental accident and health insurance and assumes reinsurance risks from other insurers, helping to diversify its underwriting portfolio.

The company traces its roots to 1946, when it was founded by Carl Lindner, Sr.