Robeco Institutional Asset Management B.V. Takes Position in American Financial Group, Inc. (NYSE:AFG)

Robeco Institutional Asset Management B.V. purchased a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,722 shares of the insurance provider's stock, valued at approximately $1,014,000.

Other hedge funds have also modified their holdings of the company. Horan Securities Inc. raised its holdings in American Financial Group by 3.2% in the 4th quarter. Horan Securities Inc. now owns 2,595 shares of the insurance provider's stock valued at $355,000 after acquiring an additional 81 shares during the last quarter. Legacy Financial Advisors Inc. raised its holdings in shares of American Financial Group by 2.5% in the 4th quarter. Legacy Financial Advisors Inc. now owns 4,127 shares of the insurance provider's stock valued at $565,000 after purchasing an additional 100 shares in the last quarter. Utah Retirement Systems raised its holdings in shares of American Financial Group by 0.8% in the 4th quarter. Utah Retirement Systems now owns 11,917 shares of the insurance provider's stock valued at $1,632,000 after purchasing an additional 100 shares in the last quarter. Johnson Financial Group Inc. raised its holdings in shares of American Financial Group by 4.9% in the 4th quarter. Johnson Financial Group Inc. now owns 3,101 shares of the insurance provider's stock valued at $423,000 after purchasing an additional 144 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in American Financial Group by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,660 shares of the insurance provider's stock worth $501,000 after acquiring an additional 147 shares in the last quarter. 64.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AFG has been the topic of several analyst reports. Wall Street Zen downgraded shares of American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Keefe, Bruyette & Woods cut their target price on shares of American Financial Group from $126.00 to $125.00 and set a "market perform" rating for the company in a research report on Friday, May 9th.

American Financial Group Stock Down 1.1%

Shares of NYSE:AFG opened at $125.24 on Thursday. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of 13.16 and a beta of 0.71. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The company's fifty day moving average is $124.67 and its two-hundred day moving average is $127.92. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67.

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 company had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter in the prior year, the company earned $2.76 EPS. The business's quarterly revenue was down 2.6% on a year-over-year basis. Equities 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 will be paid on Friday, July 25th. Investors of record on Tuesday, July 15th will be issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, July 15th. American Financial Group's dividend payout ratio is currently 33.61%.

American Financial Group Company 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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