10,430 Shares in American Financial Group, Inc. (NYSE:AFG) Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas bought a new stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,430 shares of the insurance provider's stock, valued at approximately $1,370,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA boosted its position in American Financial Group by 144.3% during the 1st 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 in the last quarter. Natixis bought a new stake in American Financial Group during the 4th quarter valued at $47,000. Lazard Asset Management LLC bought a new stake in American Financial Group during the 4th quarter valued at $53,000. Jones Financial Companies Lllp boosted its position in American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock valued at $71,000 after acquiring an additional 248 shares in the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in American Financial Group during the 4th quarter valued at $73,000. Institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on AFG. Keefe, Bruyette & Woods increased their price objective on American Financial Group from $125.00 to $127.00 and gave the company a "market perform" rating in a report on Wednesday, July 9th. Wall Street Zen lowered American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st.

American Financial Group Stock Down 0.4%

Shares of AFG traded down $0.54 during midday trading on Wednesday, hitting $125.46. 704,463 shares of the company's stock traded hands, compared to its average volume of 421,683. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The firm's fifty day moving average is $124.41 and its 200-day moving average is $127.18. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 13.18 and a beta of 0.71.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). The business had revenue of $1.58 billion for 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%. The business's revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Tuesday, July 15th will be paid a $0.80 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 dividend on an annualized basis and a yield of 2.55%. American Financial Group's dividend payout ratio (DPR) is 33.61%.

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.