American Financial Group Inc. 401 K Retirement & Savings Plan Has $343.71 Million Stake in American Financial Group, Inc. (NYSE:AFG)

Key Points

• American Financial Group Inc. 401 K Retirement & Savings Plan increased its stake in American Financial Group, Inc. by 0.9% during the first quarter, owning approximately 3.13% of the company valued at $343.7 million.
• Research analysts have mixed views on the stock, with Keefe, Bruyette & Woods raising its target price to $127.00 while Wall Street Zen downgraded it to a "sell" rating.
• The company recently declared a quarterly dividend of $0.80, which represents an annualized dividend yield of 2.58%.

American Financial Group Inc. 401 K Retirement & Savings Plan lifted its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 0.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,616,928 shares of the insurance provider's stock after acquiring an additional 23,228 shares during the quarter. American Financial Group comprises approximately 100.0% of American Financial Group Inc. 401 K Retirement & Savings Plan's holdings, making the stock its biggest holding. American Financial Group Inc. 401 K Retirement & Savings Plan owned approximately 3.13% of American Financial Group worth $343,707,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AFG. GSA Capital Partners LLP purchased a new stake in shares of American Financial Group in the 1st quarter valued at approximately $544,000. Norden Group LLC bought a new stake in American Financial Group in the 1st quarter valued at $208,000. Sheaff Brock Investment Advisors LLC boosted its holdings in American Financial Group by 4.2% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 46,407 shares of the insurance provider's stock valued at $6,095,000 after purchasing an additional 1,867 shares during the period. LPL Financial LLC lifted its holdings in shares of American Financial Group by 116.5% during the 1st quarter. LPL Financial LLC now owns 14,821 shares of the insurance provider's stock worth $1,947,000 after acquiring an additional 7,975 shares during the period. Finally, TD Asset Management Inc lifted its holdings in shares of American Financial Group by 8.5% during the 1st quarter. TD Asset Management Inc now owns 33,680 shares of the insurance provider's stock worth $4,424,000 after acquiring an additional 2,650 shares during the period. Institutional investors and hedge funds own 64.37% of the company's stock.

Wall Street Analysts Forecast Growth

AFG has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price target on shares of 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 research note on Saturday, June 21st.

American Financial Group Price Performance

Shares of AFG stock traded down $2.50 on Friday, reaching $122.40. The company had a trading volume of 601,005 shares, compared to its average volume of 452,874. The stock has a market capitalization of $10.24 billion, a PE ratio of 12.49 and a beta of 0.74. 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 one year low of $114.73 and a one year high of $150.19. The business's 50-day moving average is $125.03 and its 200 day moving average is $126.46.

American Financial Group (NYSE:AFG - Get Free Report) last released 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 net margin of 9.66% and a return on equity of 18.34%. The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.74 billion. During the same period in the prior year, the company posted $2.76 EPS. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group's payout ratio is presently 33.61%.

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.