DekaBank Deutsche Girozentrale Buys 191 Shares of American Financial Group, Inc. (NYSE:AFG)

DekaBank Deutsche Girozentrale raised its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 2.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,073 shares of the insurance provider’s stock after purchasing an additional 191 shares during the period. DekaBank Deutsche Girozentrale’s holdings in American Financial Group were worth $864,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in American Financial Group by 9.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 37,336 shares of the insurance provider’s stock worth $4,439,000 after acquiring an additional 3,266 shares during the period. Norges Bank bought a new position in shares of American Financial Group in the fourth quarter worth about $97,304,000. UBS Group AG lifted its position in shares of American Financial Group by 1.8% during the 4th quarter. UBS Group AG now owns 110,503 shares of the insurance provider’s stock worth $13,138,000 after purchasing an additional 1,998 shares during the last quarter. Wells Fargo & Company MN boosted its stake in American Financial Group by 0.6% during the 4th quarter. Wells Fargo & Company MN now owns 78,387 shares of the insurance provider’s stock valued at $9,319,000 after purchasing an additional 460 shares during the period. Finally, Ontario Teachers Pension Plan Board grew its holdings in American Financial Group by 10.3% in the 4th quarter. Ontario Teachers Pension Plan Board now owns 14,335 shares of the insurance provider’s stock valued at $1,704,000 after buying an additional 1,337 shares during the last quarter. Institutional investors own 64.37% of the company’s stock.

American Financial Group Trading Up 0.8 %

Shares of AFG opened at $136.63 on Friday. The stock’s 50-day moving average price is $130.03 and its 200 day moving average price is $129.11. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 13.07 and a beta of 0.78. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.95.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the company earned $2.38 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, research analysts predict that American Financial Group, Inc. will post 10.96 earnings per share for the current year.

American Financial Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 15th were given a $0.71 dividend. The ex-dividend date of this dividend was Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.08%. American Financial Group’s dividend payout ratio is currently 27.18%.

Wall Street Analyst Weigh In

Separately, Citigroup cut American Financial Group from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $144.00 to $137.00 in a research report on Friday, June 28th.

Insiders Place Their Bets

In other news, Director Amy Y. Murray acquired 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was bought at an average price of $125.17 per share, for a total transaction of $150,204.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at $150,204. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 14.50% of the company’s stock.

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.