American Financial Group, Inc. $AFG Shares Bought by Deutsche Bank AG

Key Points

• Deutsche Bank AG has increased its ownership in American Financial Group, Inc. by 6.9%, now holding 97,551 shares valued at approximately $12.81 million.
• American Financial Group reported earnings of $2.14 per share for the last quarter, exceeding the consensus estimate of $2.08, while their revenue rose 1.3% year-over-year.
• The company announced a quarterly dividend of $0.80 per share, reflecting an annualized payout of $3.20 and a yield of 2.4%.

Deutsche Bank AG increased its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 97,551 shares of the insurance provider's stock after acquiring an additional 6,298 shares during the quarter. Deutsche Bank AG owned approximately 0.12% of American Financial Group worth $12,812,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the stock. LPL Financial LLC raised its stake in shares of American Financial Group by 8.4% in the 4th quarter. LPL Financial LLC now owns 6,846 shares of the insurance provider's stock valued at $937,000 after acquiring an additional 533 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of American Financial Group by 4.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 53,834 shares of the insurance provider's stock valued at $7,372,000 after acquiring an additional 2,474 shares during the period. Renaissance Technologies LLC purchased a new position in shares of American Financial Group in the 4th quarter valued at $5,025,000. Raymond James Financial Inc. purchased a new position in shares of American Financial Group in the 4th quarter valued at $2,875,000. Finally, Barclays PLC raised its stake in shares of American Financial Group by 54.7% in the 4th quarter. Barclays PLC now owns 97,958 shares of the insurance provider's stock valued at $13,413,000 after acquiring an additional 34,625 shares during the period. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Stock Up 1.4%

Shares of AFG traded up $1.7780 during midday trading on Tuesday, hitting $132.1680. The company had a trading volume of 38,581 shares, compared to its average volume of 502,921. The company's 50 day moving average price is $126.27 and its 200 day moving average price is $125.85. The stock has a market cap of $11.02 billion, a price-to-earnings ratio of 14.53 and a beta of 0.74. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. The company had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $1.77 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 EPS. On average, equities research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group's dividend payout ratio is currently 35.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on AFG shares. Keefe, Bruyette & Woods cut their target price on shares of American Financial Group from $127.00 to $124.00 and set a "market perform" rating on the stock in a research note on Tuesday, August 12th. Jefferies Financial Group raised their target price on shares of American Financial Group from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Monday, August 11th. Finally, Wall Street Zen raised shares of American Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $136.75.

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.