Applied Capital LLC FL bought a new position in shares of 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 (SEC). The institutional investor bought 3,599 shares of the insurance provider's stock, valued at approximately $473,000.
A number of other institutional investors and hedge funds also recently modified their holdings of AFG. Jones Financial Companies Lllp lifted its position in American Financial Group by 91.2% in the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock valued at $71,000 after purchasing an additional 248 shares during the last quarter. M&T Bank Corp lifted its position in American Financial Group by 5.9% in the 4th quarter. M&T Bank Corp now owns 2,837 shares of the insurance provider's stock valued at $389,000 after purchasing an additional 157 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in American Financial Group in the 4th quarter valued at about $5,127,000. Raymond James Financial Inc. bought a new stake in American Financial Group in the 4th quarter valued at about $2,875,000. Finally, PNC Financial Services Group Inc. lifted its position in American Financial Group by 4.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,660 shares of the insurance provider's stock valued at $501,000 after purchasing an additional 147 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.
American Financial Group Stock Down 1.1%
American Financial Group stock opened at $126.41 on Friday. The stock has a market cap of $10.58 billion, a price-to-earnings ratio of 13.28 and a beta of 0.71. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. The company's 50-day moving average price is $124.51 and its two-hundred day moving average price is $127.40. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19.
American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.74 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. 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 EPS. On average, analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.
American Financial Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 annualized dividend and a yield of 2.53%. American Financial Group's payout ratio is 33.61%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on AFG. Wall Street Zen downgraded shares of American Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Keefe, Bruyette & Woods lifted their price objective on shares of American Financial Group from $125.00 to $127.00 and gave the company a "market perform" rating in a research report on Wednesday.
Check Out Our Latest Analysis on American Financial Group
American Financial Group Profile
(
Free Report)
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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