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

Eurizon Capital SGR S.p.A. purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 7,644 shares of the insurance provider’s stock, valued at approximately $1,046,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. JB Capital LLC raised its stake in shares of American Financial Group by 2.1% during the 4th quarter. JB Capital LLC now owns 4,268 shares of the insurance provider’s stock worth $583,000 after purchasing an additional 89 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of American Financial Group by 11.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 884 shares of the insurance provider’s stock worth $129,000 after purchasing an additional 91 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of American Financial Group by 12.1% during the 3rd quarter. Jones Financial Companies Lllp now owns 863 shares of the insurance provider’s stock worth $125,000 after purchasing an additional 93 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of American Financial Group by 2.2% during the 4th quarter. Larson Financial Group LLC now owns 4,546 shares of the insurance provider’s stock worth $621,000 after purchasing an additional 98 shares in the last quarter. Finally, Intrust Bank NA raised its stake in shares of American Financial Group by 3.6% during the 3rd quarter. Intrust Bank NA now owns 2,935 shares of the insurance provider’s stock worth $428,000 after purchasing an additional 102 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on AFG shares. Piper Sandler raised their price target on American Financial Group from $135.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 26th. Keefe, Bruyette & Woods raised their price target on American Financial Group from $134.00 to $140.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 25th. Wells Fargo & Company raised their price target on American Financial Group from $155.00 to $158.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 6th. Finally, Weiss Ratings raised American Financial Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 16th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $145.00.

American Financial Group Stock Up 0.2%

Shares of AFG stock opened at $129.02 on Thursday. American Financial Group, Inc. has a 12 month low of $121.75 and a 12 month high of $150.02. The firm has a market cap of $10.72 billion, a PE ratio of 12.26 and a beta of 0.64. The stock has a 50 day moving average of $131.37 and a 200-day moving average of $132.16. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.39.

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

American Financial Group Announces Dividend

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

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.