Jane Street Group LLC Grows Position in American Financial Group, Inc. (NYSE:AFG)

Jane Street Group LLC raised its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 759.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,181 shares of the insurance provider's stock after purchasing an additional 15,181 shares during the period. Jane Street Group LLC's holdings in American Financial Group were worth $2,353,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. UMB Bank n.a. increased its holdings in shares of American Financial Group by 86.8% in the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock worth $47,000 after acquiring an additional 158 shares during the period. Natixis acquired a new position in American Financial Group during the 4th quarter valued at about $47,000. Jones Financial Companies Lllp increased its stake 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 buying an additional 248 shares during the period. Allworth Financial LP increased its stake in American Financial Group by 301.1% during the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after buying an additional 527 shares during the period. Finally, Nicolet Advisory Services LLC acquired a new position in American Financial Group during the 4th quarter valued at about $212,000. 64.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods lowered their price objective on shares of 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.

American Financial Group Trading Up 0.4%

Shares of AFG traded up $0.50 on Monday, reaching $127.12. 277,686 shares of the company's stock were exchanged, compared to its average volume of 384,611. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $10.64 billion, a P/E ratio of 12.03 and a beta of 0.72. The business has a 50 day moving average price of $126.17 and a two-hundred day moving average price of $131.60. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). The firm had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.74 billion. American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. The firm's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.76 EPS. Research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were given a $0.80 dividend. This represents a $3.20 annualized dividend and a dividend yield of 2.52%. The ex-dividend date was Tuesday, April 15th. American Financial Group's payout ratio is presently 33.61%.

Insider Activity

In other American Financial Group news, Director Gregory G. Joseph bought 3,000 shares of American Financial Group stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the acquisition, the director now directly owns 57,477 shares of the company's stock, valued at $6,954,717. The trade was a 5.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 17.40% of the company's stock.

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.