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Zions Bancorporation National Association UT Takes Position in American Financial Group, Inc. (NYSE:AFG)

American Financial Group logo with Finance background

Key Points

  • Zions Bancorporation National Association UT acquired a new stake in American Financial Group, purchasing 4,988 shares valued at approximately $655,000 in the first quarter of the year.
  • American Financial Group reported $2.14 earnings per share for the last quarter, exceeding analysts' expectations of $2.08, although revenues of $1.65 billion fell short of the projected $1.77 billion.
  • The company recently announced a quarterly dividend of $0.80 per share, resulting in a 2.5% annual yield, with a payout ratio of 35.16%.
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Zions Bancorporation National Association UT bought a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,988 shares of the insurance provider's stock, valued at approximately $655,000.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its holdings 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 valued at $28,000 after purchasing an additional 127 shares during the period. Natixis acquired a new position in shares of American Financial Group in the fourth quarter valued at approximately $47,000. Lazard Asset Management LLC acquired a new position in shares of American Financial Group in the fourth quarter valued at approximately $53,000. Headlands Technologies LLC acquired a new position in shares of American Financial Group in the first quarter valued at approximately $55,000. Finally, Costello Asset Management INC acquired a new position in shares of American Financial Group in the first quarter valued at approximately $68,000. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Trading Up 1.1%

Shares of AFG stock opened at $129.30 on Friday. The business's fifty day moving average price is $125.42 and its 200 day moving average price is $126.15. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The firm has a market capitalization of $10.82 billion, a PE ratio of 14.21 and a beta of 0.74. 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 (NYSE:AFG - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping analysts' consensus estimates of $2.08 by $0.06. American Financial Group had a return on equity of 17.40% and a net margin of 9.21%. The firm had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $2.56 earnings per share. American Financial Group's quarterly revenue was up 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, July 15th. This represents a $3.20 annualized dividend and a yield of 2.5%. American Financial Group's dividend payout ratio is 35.16%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Wall Street Zen raised American Financial Group from a "sell" rating to a "hold" rating in a report on Saturday. Keefe, Bruyette & Woods upped their price objective on American Financial Group from $125.00 to $127.00 and gave the stock a "market perform" rating in a report on Wednesday, July 9th.

Get Our Latest Report on American Financial Group

About American Financial Group

(Free Report)

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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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