American Financial Group, Inc. (NYSE:AFG) Shares Sold by New Age Alpha Advisors LLC

Key Points

• New Age Alpha Advisors LLC reduced its stake in American Financial Group by 25.8%, selling 12,709 shares, leaving it with 36,595 shares valued at $4,806,000.
• American Financial Group reported a quarterly earnings per share (EPS) of $2.14, exceeding analyst expectations of $2.08, but its revenue of $1.65 billion fell short of estimates.
• The company recently announced a quarterly dividend of $0.80 per share, resulting in an annualized yield of 2.6%.

New Age Alpha Advisors LLC decreased its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 25.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,595 shares of the insurance provider's stock after selling 12,709 shares during the period. New Age Alpha Advisors LLC's holdings in American Financial Group were worth $4,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA lifted its position in 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 acquiring an additional 127 shares during the last quarter. Natixis purchased a new position in shares of American Financial Group in the fourth quarter worth $47,000. Lazard Asset Management LLC purchased a new position in shares of American Financial Group in the fourth quarter worth $53,000. Measured Risk Portfolios Inc. purchased a new position in shares of American Financial Group in the fourth quarter worth $73,000. Finally, UMB Bank n.a. raised its holdings in shares of American Financial Group by 97.4% in the first quarter. UMB Bank n.a. now owns 671 shares of the insurance provider's stock worth $88,000 after buying an additional 331 shares during the last quarter. Hedge funds and other institutional investors own 64.37% of the company's stock.

Wall Street Analyst Weigh In

AFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised their price target on shares of American Financial Group from $125.00 to $127.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th. Wall Street Zen raised shares of American Financial Group from a "sell" rating to a "hold" rating in a report on Saturday.

American Financial Group Stock Performance

Shares of NYSE AFG traded up $1.39 during midday trading on Friday, reaching $129.30. The company had a trading volume of 716,764 shares, compared to its average volume of 501,493. The business's 50-day simple moving average is $125.42 and its 200 day simple moving average is $126.15. The stock has a market cap of $10.82 billion, a P/E ratio of 14.21 and a beta of 0.74. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.77 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.40%. The business's quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 earnings per share. On average, analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

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 2.5%. American Financial Group's dividend payout ratio is presently 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.