10,066 Shares in American Financial Group, Inc. (NYSE:AFG) Bought by Croban

Croban purchased a new stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,066 shares of the insurance provider's stock, valued at approximately $1,322,000. American Financial Group accounts for about 1.2% of Croban's holdings, making the stock its 28th largest holding.

Several other hedge funds and other institutional investors also recently bought and sold shares of AFG. CFC Planning Co LLC bought a new position in American Financial Group in the 1st quarter valued at $234,000. State of Michigan Retirement System lifted its stake in shares of American Financial Group by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 18,410 shares of the insurance provider's stock worth $2,418,000 after purchasing an additional 200 shares during the last quarter. Allworth Financial LP lifted its stake in shares of American Financial Group by 36.2% during the 1st quarter. Allworth Financial LP now owns 956 shares of the insurance provider's stock worth $123,000 after purchasing an additional 254 shares during the last quarter. Bridges Investment Management Inc. raised its stake in American Financial Group by 42.9% in the first quarter. Bridges Investment Management Inc. now owns 100,595 shares of the insurance provider's stock valued at $13,212,000 after buying an additional 30,204 shares during the last quarter. Finally, Slagle Financial LLC raised its stake in shares of American Financial Group by 2.9% in the first quarter. Slagle Financial LLC now owns 13,508 shares of the insurance provider's stock worth $1,774,000 after purchasing an additional 375 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on AFG shares. Keefe, Bruyette & Woods raised their price objective on American Financial Group from $125.00 to $127.00 and gave the company a "market perform" rating in a report on Wednesday. Wall Street Zen downgraded American Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st.

American Financial Group Trading Down 1.1%

Shares of AFG stock traded down $1.35 on Friday, hitting $126.41. The stock had a trading volume of 394,388 shares, compared to its average volume of 418,548. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. The firm has a market capitalization of $10.58 billion, a P/E ratio of 13.28 and a beta of 0.71. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The company's 50 day moving average price is $124.51 and its 200-day moving average price is $127.40.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.36). The firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.74 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. American Financial Group's quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS. Analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Tuesday, July 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 annualized dividend and a yield of 2.53%. American Financial Group's payout ratio is 33.61%.

American Financial Group 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.