Townsquare Capital LLC Purchases New Shares in American Financial Group, Inc. $AFG

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Townsquare Capital LLC purchased a new stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,180 shares of the insurance provider's stock, valued at approximately $286,000.

A number of other hedge funds have also recently modified their holdings of AFG. Envestnet Asset Management Inc. boosted its stake in American Financial Group by 10.8% during the first quarter. Envestnet Asset Management Inc. now owns 59,633 shares of the insurance provider's stock worth $7,832,000 after acquiring an additional 5,799 shares in the last quarter. Sowell Financial Services LLC bought a new stake in shares of American Financial Group in the 1st quarter worth approximately $282,000. Teacher Retirement System of Texas bought a new stake in shares of American Financial Group in the 1st quarter worth approximately $1,370,000. Private Trust Co. NA boosted its position in shares of American Financial Group by 144.3% in the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock worth $28,000 after purchasing an additional 127 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in American Financial Group by 10.5% in the first quarter. QRG Capital Management Inc. now owns 5,427 shares of the insurance provider's stock worth $713,000 after acquiring an additional 514 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

American Financial Group Trading Down 0.8%

Shares of NYSE:AFG opened at $130.58 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The company has a market cap of $10.89 billion, a P/E ratio of 14.35 and a beta of 0.74. The stock's fifty day moving average price is $126.27 and its 200-day moving average price is $125.85. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.06. The business had revenue of $1.65 billion for the quarter, compared to analysts' expectations of $1.77 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.56 EPS. Sell-side analysts expect 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 declared a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group's dividend payout ratio is presently 35.16%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AFG shares. Keefe, Bruyette & Woods dropped their target price on American Financial Group from $127.00 to $124.00 and set a "market perform" rating on the stock in a report on Tuesday, August 12th. Jefferies Financial Group upped their price target on shares of American Financial Group from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Monday, August 11th. Finally, Wall Street Zen upgraded shares of American Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Five equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, American Financial Group has an average rating of "Hold" and a consensus target price of $136.75.

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.

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