11,601 Shares in American Financial Group, Inc. (NYSE:AFG) Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC acquired a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,601 shares of the insurance provider's stock, valued at approximately $1,524,000.

Several other hedge funds have also recently added to or reduced their stakes in AFG. Sowell Financial Services LLC acquired a new stake in shares of American Financial Group in the first quarter valued at approximately $282,000. Intech Investment Management LLC increased its position in American Financial Group by 57.1% during the fourth quarter. Intech Investment Management LLC now owns 38,623 shares of the insurance provider's stock worth $5,289,000 after buying an additional 14,045 shares in the last quarter. QRG Capital Management Inc. increased its position in American Financial Group by 10.5% during the first quarter. QRG Capital Management Inc. now owns 5,427 shares of the insurance provider's stock worth $713,000 after buying an additional 514 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of American Financial Group by 2.0% in the first quarter. Janney Montgomery Scott LLC now owns 53,162 shares of the insurance provider's stock worth $6,982,000 after acquiring an additional 1,033 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of American Financial Group in the fourth quarter valued at $5,127,000. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Price Performance

AFG stock opened at $125.04 on Friday. The stock has a market capitalization of $10.46 billion, a price-to-earnings ratio of 13.13 and a beta of 0.72. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.19. The stock's fifty day simple moving average is $124.78 and its 200-day simple moving average is $128.20.

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

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Tuesday, April 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a yield of 2.56%. American Financial Group's payout ratio is 33.61%.

Analyst Ratings Changes

AFG has been the subject of several analyst reports. Wall Street Zen downgraded shares of American Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods lowered their price target on shares of American Financial Group from $126.00 to $125.00 and set a "market perform" rating for the company in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $138.75.

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.

Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.