CX Institutional Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

CX Institutional bought a new position in American Financial Group, Inc. (NYSE:AFG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,717 shares of the insurance provider’s stock, valued at approximately $357,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Handelsbanken Fonder AB boosted its position in American Financial Group by 21.0% in the first quarter. Handelsbanken Fonder AB now owns 21,300 shares of the insurance provider’s stock worth $2,798,000 after purchasing an additional 3,700 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of American Financial Group by 6,414.6% during the 1st quarter. SG Americas Securities LLC now owns 129,967 shares of the insurance provider’s stock valued at $17,070,000 after acquiring an additional 127,972 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of American Financial Group during the 1st quarter valued at approximately $216,000. Farther Finance Advisors LLC grew its stake in shares of American Financial Group by 19.2% during the 1st quarter. Farther Finance Advisors LLC now owns 4,453 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 718 shares during the period. Finally, Park Avenue Securities LLC bought a new position in shares of American Financial Group during the 1st quarter valued at approximately $235,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Trading Down 1.3%

Shares of NYSE:AFG opened at $123.70 on Friday. The stock has a 50 day moving average of $125.12 and a 200 day moving average of $129.58. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19. The company has a market cap of $10.35 billion, a PE ratio of 11.70 and a beta of 0.73.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results 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 20.30% and a net margin of 10.66%. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.74 billion. During the same period in the prior year, the firm posted $2.76 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Tuesday, April 15th were issued a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a yield of 2.59%. American Financial Group’s dividend payout ratio is presently 33.61%.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods cut their price objective on American Financial Group from $126.00 to $125.00 and set a “market perform” rating for the company in a research note on Friday, May 9th.

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.