Forum Financial Management LP Makes New $310,000 Investment in American Financial Group, Inc. (NYSE:AFG)

Forum Financial Management LP acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,261 shares of the insurance provider's stock, valued at approximately $310,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AFG. Vanguard Group Inc. boosted its holdings in American Financial Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,287,861 shares of the insurance provider's stock valued at $1,134,857,000 after purchasing an additional 99,560 shares during the last quarter. Geode Capital Management LLC boosted its holdings in American Financial Group by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 1,595,346 shares of the insurance provider's stock valued at $218,146,000 after purchasing an additional 42,139 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in American Financial Group by 26.2% in the 4th 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 during the last quarter. Invesco Ltd. boosted its holdings in American Financial Group by 6.8% in the 4th quarter. Invesco Ltd. now owns 996,724 shares of the insurance provider's stock valued at $136,481,000 after purchasing an additional 63,193 shares during the last quarter. Finally, Norges Bank acquired a new position in American Financial Group in the 4th quarter valued at about $122,419,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Stock Performance

NYSE:AFG traded up $0.95 during trading hours on Friday, reaching $123.94. 886,517 shares of the company's stock were exchanged, compared to its average volume of 392,907. The firm has a market capitalization of $10.37 billion, a price-to-earnings ratio of 11.73 and a beta of 0.72. The company has a 50-day moving average of $125.63 and a 200 day moving average of $130.70. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). The firm had revenue of $1.58 billion for 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 firm's quarterly 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. Research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were issued a $0.80 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.58%. American Financial Group's dividend payout ratio is presently 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 note on Friday, May 9th.

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.