Applied Capital LLC FL Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

Applied Capital LLC FL bought a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,599 shares of the insurance provider's stock, valued at approximately $473,000.

Other institutional investors also recently modified their holdings of the company. Xponance Inc. increased its holdings in shares of American Financial Group by 0.7% in the first quarter. Xponance Inc. now owns 11,882 shares of the insurance provider's stock valued at $1,561,000 after purchasing an additional 80 shares in the last quarter. Croban acquired a new stake in shares of American Financial Group in the first quarter valued at approximately $1,322,000. CFC Planning Co LLC acquired a new stake in shares of American Financial Group in the first quarter valued at approximately $234,000. State of Michigan Retirement System increased its holdings in shares of American Financial Group by 1.1% in the first quarter. State of Michigan Retirement System now owns 18,410 shares of the insurance provider's stock valued at $2,418,000 after purchasing an additional 200 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of American Financial Group by 36.2% in the first quarter. Allworth Financial LP now owns 956 shares of the insurance provider's stock valued at $123,000 after purchasing an additional 254 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

Analysts Set New Price Targets

AFG has been the subject of a number of research reports. Keefe, Bruyette & Woods raised their price target on shares of American Financial Group from $125.00 to $127.00 and gave the company a "market perform" rating in a 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 Down 1.9%

AFG traded down $2.38 during trading on Tuesday, reaching $126.00. 635,747 shares of the company's stock were exchanged, compared to its average volume of 420,079. The company's fifty day moving average price is $124.51 and its 200-day moving average price is $127.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The firm has a market capitalization of $10.54 billion, a PE ratio of 13.24 and a beta of 0.71.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly 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). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $2.76 earnings per share. As a group, equities analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The company also recently declared 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. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.54%. American Financial Group's dividend payout ratio is 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.