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

CX Institutional bought a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 2,717 shares of the insurance provider's stock, valued at approximately $357,000.

Several other institutional investors also recently bought and sold shares of the company. Norges Bank acquired a new position in American Financial Group in the fourth quarter valued at approximately $122,419,000. Voya Investment Management LLC boosted its holdings in American Financial Group by 89.5% in the fourth quarter. Voya Investment Management LLC now owns 672,851 shares of the insurance provider's stock valued at $92,134,000 after purchasing an additional 317,859 shares in the last quarter. Northern Trust Corp boosted its holdings in American Financial Group by 35.8% in the fourth quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider's stock valued at $109,827,000 after purchasing an additional 211,630 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in American Financial Group by 26.2% in the fourth quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider's stock valued at $136,566,000 after purchasing an additional 207,285 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in American Financial Group in the fourth quarter valued at approximately $20,675,000. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Performance

Shares of American Financial Group stock traded down $1.66 during trading hours on Friday, hitting $123.70. 612,655 shares of the company were exchanged, compared to its average volume of 402,795. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $125.12 and a 200-day moving average of $129.58. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 11.70 and a beta of 0.73.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.74 billion. American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. The company's revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.76 EPS. As a group, analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a 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 objective on 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.