Teacher Retirement System of Texas Invests $1.37 Million in American Financial Group, Inc. (NYSE:AFG)

Teacher Retirement System of Texas acquired a new position in American Financial Group, Inc. (NYSE:AFG - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,430 shares of the insurance provider's stock, valued at approximately $1,370,000.

Several other large investors also recently made changes to their positions in AFG. Private Trust Co. NA increased its position in shares of 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 in the last quarter. Natixis acquired a new stake in shares of American Financial Group in the fourth quarter worth $47,000. Lazard Asset Management LLC acquired a new stake in shares of American Financial Group in the fourth quarter worth $53,000. Jones Financial Companies Lllp increased its position in shares of American Financial Group by 91.2% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after acquiring an additional 248 shares in the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of American Financial Group in the fourth quarter worth $73,000. Institutional investors and hedge funds own 64.37% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of American Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Keefe, Bruyette & Woods increased 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 report on Wednesday.

American Financial Group Stock Performance

Shares of AFG stock opened at $126.41 on Friday. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. 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 firm has a market capitalization of $10.58 billion, a P/E ratio of 13.28 and a beta of 0.71. The company's fifty day moving average price is $124.51 and its two-hundred day moving average price is $127.32.

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 analysts' consensus estimates of $2.17 by ($0.36). American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the firm earned $2.76 EPS. The business's quarterly revenue was down 2.6% compared to the same quarter last year. On average, research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Tuesday, July 15th. American Financial Group's 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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