IFM Investors Pty Ltd Grows Position in American Financial Group, Inc. (NYSE:AFG)

IFM Investors Pty Ltd boosted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 18.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,051 shares of the insurance provider's stock after buying an additional 2,076 shares during the quarter. IFM Investors Pty Ltd's holdings in American Financial Group were worth $1,757,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. D.A. Davidson & CO. purchased a new stake in shares of American Financial Group during the first quarter valued at $441,000. Principal Financial Group Inc. boosted its stake in shares of American Financial Group by 0.4% during the first quarter. Principal Financial Group Inc. now owns 171,235 shares of the insurance provider's stock valued at $22,490,000 after purchasing an additional 620 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of American Financial Group during the first quarter valued at $1,370,000. Private Trust Co. NA lifted its stake in American Financial Group by 144.3% in the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock worth $28,000 after acquiring an additional 127 shares during the period. Finally, Astoria Portfolio Advisors LLC. lifted its stake in American Financial Group by 4.9% in the first quarter. Astoria Portfolio Advisors LLC. now owns 1,727 shares of the insurance provider's stock worth $222,000 after acquiring an additional 81 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Stock Up 0.5%

American Financial Group stock traded up $0.67 during trading hours on Wednesday, reaching $126.36. The stock had a trading volume of 564,831 shares, compared to its average volume of 416,560. The company has a market cap of $10.57 billion, a price-to-earnings ratio of 13.27 and a beta of 0.71. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. The business's 50 day moving average price is $124.55 and its 200-day moving average price is $127.55. 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 earnings results 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 during the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 earnings per share. Sell-side 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 disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. American Financial Group's dividend payout ratio (DPR) is currently 33.61%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AFG shares. Keefe, Bruyette & Woods upped their price objective on shares of American Financial Group from $125.00 to $127.00 and gave the stock a "market perform" rating in a research note on Wednesday. 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.

About American Financial Group

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.