CX Institutional Buys Shares of 2,717 American Financial Group, Inc. (NYSE:AFG)

CX Institutional acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,717 shares of the insurance provider's stock, valued at approximately $357,000.

Other large investors have also recently added to or reduced their stakes in the company. Natixis acquired a new position in shares of American Financial Group in the 4th quarter worth approximately $47,000. Lazard Asset Management LLC acquired a new position in American Financial Group in the fourth quarter worth $53,000. Jones Financial Companies Lllp grew its holdings in shares of American Financial Group by 91.2% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after purchasing an additional 248 shares during the last quarter. Measured Risk Portfolios Inc. acquired a new stake in shares of American Financial Group in the fourth quarter valued at $73,000. Finally, UMB Bank n.a. raised its holdings in shares of American Financial Group by 97.4% in the first quarter. UMB Bank n.a. now owns 671 shares of the insurance provider's stock valued at $88,000 after buying an additional 331 shares during the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Trading Down 0.4%

NYSE:AFG traded down $0.51 during trading hours on Tuesday, hitting $123.46. 696,128 shares of the stock were exchanged, compared to its average volume of 406,319. The company has a market capitalization of $10.33 billion, a P/E ratio of 12.97 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. The company's 50 day moving average is $125.22 and its two-hundred day moving average is $129.12. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19.

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). The firm had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. American Financial Group's revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.76 EPS. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods reduced their price target on shares of American Financial Group from $126.00 to $125.00 and set a "market perform" rating on the stock in a research report 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.