11,118 Shares in American Financial Group, Inc. $AFG Purchased by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC purchased 11,118 shares of American Financial Group, Inc. for approximately $1,460,000 during the first quarter, highlighting increased institutional interest in the stock.
• American Financial Group reported $2.14 earnings per share in its last quarterly results, surpassing analysts' estimates, although its revenue fell slightly short of expectations at $1.65 billion.
• The company's recent quarterly dividend was set at $0.80 per share, representing an annualized yield of 2.4%, indicating a stable return for shareholders.

Campbell & CO Investment Adviser LLC bought a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,118 shares of the insurance provider's stock, valued at approximately $1,460,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Bahl & Gaynor Inc. raised its holdings in American Financial Group by 10.2% during the first quarter. Bahl & Gaynor Inc. now owns 645,466 shares of the insurance provider's stock worth $84,776,000 after acquiring an additional 59,715 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in American Financial Group by 5.7% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,597 shares of the insurance provider's stock worth $472,000 after acquiring an additional 194 shares in the last quarter. AlphaQuest LLC raised its holdings in American Financial Group by 228.7% during the first quarter. AlphaQuest LLC now owns 6,656 shares of the insurance provider's stock worth $874,000 after acquiring an additional 4,631 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in American Financial Group during the first quarter worth about $920,000. Finally, Ameriprise Financial Inc. raised its holdings in American Financial Group by 112.5% during the first quarter. Ameriprise Financial Inc. now owns 327,621 shares of the insurance provider's stock worth $43,030,000 after acquiring an additional 173,452 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group upped their target price on American Financial Group from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Monday, August 11th. Wall Street Zen raised American Financial Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods lowered their price target on American Financial Group from $127.00 to $124.00 and set a "market perform" rating on the stock in a research report on Tuesday, August 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $136.75.

American Financial Group Price Performance

Shares of NYSE AFG opened at $133.66 on Tuesday. The business's 50 day moving average price is $127.24 and its two-hundred day moving average price is $125.94. The company has a market cap of $11.15 billion, a PE ratio of 14.69 and a beta of 0.74. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.56 earnings per share. On average, analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. American Financial Group's dividend payout ratio (DPR) is 35.16%.

Insider Buying and Selling at American Financial Group

In other news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the transaction, the director owned 326,730 shares in the company, valued at approximately $43,883,106.30. This trade represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 17.40% of the company's stock.

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.

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