2,189 Shares in American Financial Group, Inc. $AFG Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC has invested $288,000 in American Financial Group, Inc., acquiring 2,189 shares during the first quarter.
• American Financial Group recently reported quarterly earnings of $2.14 per share, exceeding analyst expectations of $2.08, although revenues were slightly below estimates at $1.65 billion.
• The company has declared a quarterly dividend of $0.80 per share, translating to an annualized yield of 2.4%, and maintains a solid payout ratio of 35.16%.

EntryPoint Capital LLC acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,189 shares of the insurance provider's stock, valued at approximately $288,000.

Several other large investors have also modified their holdings of AFG. Raymond James Financial Inc. bought a new stake in shares of American Financial Group during the 4th quarter worth $2,875,000. Marshall Wace LLP bought a new stake in shares of American Financial Group during the 4th quarter worth $3,339,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of American Financial Group during the 4th quarter worth $329,000. Natixis bought a new stake in shares of American Financial Group during the 4th quarter worth $47,000. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of American Financial Group by 127.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 9,175 shares of the insurance provider's stock worth $1,256,000 after buying an additional 5,139 shares during the period. 64.37% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total value of $1,343,100.00. Following the completion of the transaction, the director owned 326,730 shares in the company, valued at approximately $43,883,106.30. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 17.40% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AFG shares. Wall Street Zen raised shares of American Financial Group from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Jefferies Financial Group upped 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, 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 for the company in a research note on Tuesday, August 12th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $136.75.

American Financial Group Price Performance

Shares of AFG stock traded up $0.68 during mid-day trading on Tuesday, reaching $134.27. The company's stock had a trading volume of 422,276 shares, compared to its average volume of 499,653. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The company has a market cap of $11.20 billion, a P/E ratio of 14.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.47. The firm's 50-day moving average is $127.24 and its two-hundred day moving average is $125.94.

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

American Financial Group Dividend Announcement

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

American Financial Group 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.