Hengehold Capital Management LLC Buys 2,047 Shares of American Financial Group, Inc. (NYSE:AFG)

Hengehold Capital Management LLC boosted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,776 shares of the insurance provider's stock after purchasing an additional 2,047 shares during the period. Hengehold Capital Management LLC owned about 0.06% of American Financial Group worth $6,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp grew its stake in shares of American Financial Group by 0.8% during the 4th quarter. Van ECK Associates Corp now owns 12,040 shares of the insurance provider's stock worth $1,649,000 after acquiring an additional 101 shares in the last quarter. PUREfi Wealth LLC acquired a new position in American Financial Group during the fourth quarter worth $262,000. Allworth Financial LP grew its position in American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 527 shares in the last quarter. Handelsbanken Fonder AB increased its stake in American Financial Group by 10.0% in the 4th quarter. Handelsbanken Fonder AB now owns 17,600 shares of the insurance provider's stock valued at $2,410,000 after buying an additional 1,600 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in American Financial Group by 7.8% in the 4th quarter. Allianz Asset Management GmbH now owns 262,014 shares of the insurance provider's stock valued at $35,878,000 after buying an additional 18,938 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Stock Down 1.3%

Shares of American Financial Group stock traded down $1.66 on Friday, reaching $123.70. 612,655 shares of the company were exchanged, compared to its average volume of 403,722. The company has a market capitalization of $10.35 billion, a price-to-earnings ratio of 11.70 and a beta of 0.72. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19. The company has a 50-day moving average of $125.12 and a 200 day moving average of $129.45.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results 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). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period last year, the company posted $2.76 earnings per share. The business's revenue was down 2.6% compared to the same quarter last year. On average, equities research analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were given a $0.80 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.59%. American Financial Group's payout ratio is 33.61%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods reduced their price objective on shares of American Financial Group from $126.00 to $125.00 and set a "market perform" rating for the company in a research note on Friday, May 9th.

About American Financial Group

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.