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American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Handelsbanken Fonder AB

American Financial Group logo with Finance background

Handelsbanken Fonder AB increased its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 21.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,300 shares of the insurance provider's stock after buying an additional 3,700 shares during the quarter. Handelsbanken Fonder AB's holdings in American Financial Group were worth $2,798,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC boosted its position in American Financial Group by 6,414.6% in the 1st quarter. SG Americas Securities LLC now owns 129,967 shares of the insurance provider's stock worth $17,070,000 after purchasing an additional 127,972 shares in the last quarter. Pallas Capital Advisors LLC purchased a new stake in American Financial Group in the 1st quarter worth approximately $216,000. Farther Finance Advisors LLC boosted its position in American Financial Group by 19.2% in the 1st quarter. Farther Finance Advisors LLC now owns 4,453 shares of the insurance provider's stock worth $588,000 after purchasing an additional 718 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in American Financial Group in the 1st quarter worth approximately $235,000. Finally, UMB Bank n.a. boosted its position in American Financial Group by 97.4% in the 1st quarter. UMB Bank n.a. now owns 671 shares of the insurance provider's stock worth $88,000 after purchasing an additional 331 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Price Performance

Shares of NYSE:AFG traded down $0.51 during midday trading on Tuesday, reaching $123.46. 696,128 shares of the company's stock traded hands, compared to its average volume of 406,319. 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 $10.33 billion, a P/E ratio of 12.97 and a beta of 0.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67. The company has a fifty day simple moving average of $125.22 and a two-hundred day simple moving average of $129.12.

American Financial Group (NYSE:AFG - Get Free Report) last announced its 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). American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The business had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter last year, the business earned $2.76 EPS. The company's quarterly revenue was down 2.6% on a year-over-year basis. Equities analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders 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 yield of 2.59%. American Financial Group's payout ratio is currently 33.61%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price objective on American Financial Group from $126.00 to $125.00 and set a "market perform" rating on the stock in a research report on Friday, May 9th.

Get Our Latest Research Report on AFG

About American Financial Group

(Free Report)

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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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