Croban Invests $1.32 Million in American Financial Group, Inc. (NYSE:AFG)

Croban acquired a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 10,066 shares of the insurance provider's stock, valued at approximately $1,322,000. American Financial Group makes up approximately 1.2% of Croban's portfolio, making the stock its 28th biggest holding.

A number of other large investors also recently added to or reduced their stakes in AFG. Private Trust Co. NA grew its position in American Financial Group by 144.3% in the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 127 shares in the last quarter. Natixis bought a new stake in shares of American Financial Group during the 4th quarter worth approximately $47,000. Lazard Asset Management LLC acquired a new position in shares of American Financial Group during the 4th quarter worth about $53,000. Jones Financial Companies Lllp raised its stake in American Financial Group by 91.2% in the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock valued at $71,000 after acquiring an additional 248 shares during the period. Finally, Measured Risk Portfolios Inc. acquired a new stake in American Financial Group during the fourth quarter worth approximately $73,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AFG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods increased their price target on American Financial Group from $125.00 to $127.00 and gave the stock a "market perform" rating in a research report on Wednesday, July 9th. Wall Street Zen lowered shares of American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st.

American Financial Group Trading Up 1.6%

American Financial Group stock traded up $2.02 during mid-day trading on Monday, hitting $128.34. 411,313 shares of the stock were exchanged, compared to its average volume of 509,816. The stock has a market capitalization of $10.74 billion, a price-to-earnings ratio of 13.48 and a beta of 0.71. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The firm's fifty day simple moving average is $124.51 and its two-hundred day simple moving average is $127.25.

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

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Tuesday, July 15th. American Financial Group's dividend payout ratio (DPR) 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.