Capital Fund Management S.A. Invests $2.18 Million in American Financial Group, Inc. (NYSE:AFG)

Capital Fund Management S.A. purchased a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 15,892 shares of the insurance provider's stock, valued at approximately $2,176,000.

Several other hedge funds have also recently bought and sold shares of AFG. UMB Bank n.a. lifted its holdings in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock worth $47,000 after purchasing an additional 158 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American Financial Group by 91.2% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after buying an additional 248 shares in the last quarter. Allworth Financial LP boosted its position in shares of American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 527 shares during the period. GAMMA Investing LLC grew its stake in shares of American Financial Group by 31.6% in the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider's stock valued at $145,000 after acquiring an additional 254 shares in the last quarter. Finally, Nicolet Advisory Services LLC acquired a new position in shares of American Financial Group in the fourth quarter valued at about $212,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods cut their price objective on shares of American Financial Group from $144.00 to $126.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th.

Insiders Place Their Bets

In other American Financial Group news, Director Gregory G. Joseph bought 3,000 shares of the stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the completion of the purchase, the director now owns 57,477 shares in the company, valued at $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 17.40% of the company's stock.

American Financial Group Price Performance

Shares of NYSE AFG traded up $0.64 during mid-day trading on Friday, reaching $128.03. The company had a trading volume of 431,047 shares, compared to its average volume of 373,601. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of 12.11 and a beta of 0.59. The business's 50-day simple moving average is $125.44 and its 200 day simple moving average is $132.67. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, research analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th will be given a dividend of $0.80 per share. The ex-dividend date is Tuesday, April 15th. This represents a $3.20 annualized dividend and a yield of 2.50%. American Financial Group's dividend payout ratio is currently 30.27%.

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.