Sound Income Strategies LLC Buys Shares of 4,122 American Financial Group, Inc. (NYSE:AFG)

Sound Income Strategies LLC acquired 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. The fund acquired 4,122 shares of the insurance provider's stock, valued at approximately $541,000.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp lifted its position in American Financial Group by 0.8% during the fourth quarter. Van ECK Associates Corp now owns 12,040 shares of the insurance provider's stock valued at $1,649,000 after buying an additional 101 shares in the last quarter. Allworth Financial LP raised its stake in shares of American Financial Group by 301.1% in the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after acquiring an additional 527 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of American Financial Group by 10.0% during the 4th quarter. Handelsbanken Fonder AB now owns 17,600 shares of the insurance provider's stock valued at $2,410,000 after acquiring an additional 1,600 shares in the last quarter. Allianz Asset Management GmbH boosted its position in American Financial Group by 7.8% during the 4th quarter. Allianz Asset Management GmbH now owns 262,014 shares of the insurance provider's stock worth $35,878,000 after purchasing an additional 18,938 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new stake in American Financial Group in the 4th quarter valued at $2,661,000. Hedge funds and other institutional investors own 64.37% of the company's stock.

American Financial Group Stock Down 0.6%

NYSE AFG traded down $0.77 on Thursday, reaching $122.75. The company had a trading volume of 694,980 shares, compared to its average volume of 408,313. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The firm has a 50-day moving average of $125.16 and a 200-day moving average of $129.07. The firm has a market capitalization of $10.27 billion, a PE ratio of 12.89 and a beta of 0.72.

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 for the quarter, missing the consensus estimate of $2.17 by ($0.36). The firm had revenue of $1.58 billion during 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%. American Financial Group's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.76 earnings per share. On average, equities research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were paid a dividend of $0.80 per share. The ex-dividend date was Tuesday, April 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.61%. American Financial Group's dividend payout ratio is presently 33.61%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods reduced 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 note on Friday, May 9th.

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.