GSA Capital Partners LLP Buys Shares of 4,139 American Financial Group, Inc. (NYSE:AFG)

GSA Capital Partners LLP bought a new stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,139 shares of the insurance provider's stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also made changes to their positions in AFG. Private Trust Co. NA increased its stake in shares of American Financial Group by 144.3% during the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock valued at $28,000 after purchasing an additional 127 shares in the last quarter. Natixis bought a new position in shares of American Financial Group during the fourth quarter valued at approximately $47,000. Lazard Asset Management LLC bought a new stake in American Financial Group during the 4th quarter valued at about $53,000. Measured Risk Portfolios Inc. bought a new stake in American Financial Group during the 4th quarter valued at about $73,000. Finally, UMB Bank n.a. increased its stake in American Financial Group by 97.4% during the 1st quarter. UMB Bank n.a. now owns 671 shares of the insurance provider's stock valued at $88,000 after purchasing an additional 331 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

American Financial Group Stock Performance

Shares of NYSE AFG opened at $123.88 on Tuesday. The firm's 50-day moving average price is $125.08 and its 200-day moving average price is $126.30. 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 has a market cap of $10.37 billion, a PE ratio of 13.01 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.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.74 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The business's revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.76 EPS. As a group, 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, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group's dividend payout ratio (DPR) is presently 33.61%.

Analyst Ratings Changes

A number of analysts have weighed in on AFG shares. Wall Street Zen lowered shares of American Financial Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods raised their price objective on shares of American Financial Group from $125.00 to $127.00 and gave the company a "market perform" rating in a research note on Wednesday, July 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.

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