American Financial Group, Inc. (NYSE:AFG) Stake Boosted by Amalgamated Bank

Amalgamated Bank raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,117 shares of the insurance provider’s stock after purchasing an additional 585 shares during the period. Amalgamated Bank owned about 0.05% of American Financial Group worth $5,181,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Mutual of America Capital Management LLC grew its holdings in shares of American Financial Group by 1.8% during the second quarter. Mutual of America Capital Management LLC now owns 78,791 shares of the insurance provider’s stock valued at $9,693,000 after purchasing an additional 1,421 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in American Financial Group in the second quarter worth $1,501,000. Envestnet Asset Management Inc. lifted its stake in American Financial Group by 5.7% in the second quarter. Envestnet Asset Management Inc. now owns 47,143 shares of the insurance provider’s stock valued at $5,800,000 after buying an additional 2,556 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in American Financial Group by 2.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 7,073 shares of the insurance provider’s stock valued at $864,000 after buying an additional 191 shares during the last quarter. Finally, Vest Financial LLC boosted its holdings in shares of American Financial Group by 39.4% during the second quarter. Vest Financial LLC now owns 8,711 shares of the insurance provider’s stock valued at $1,072,000 after acquiring an additional 2,460 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Trading Down 0.7 %

American Financial Group stock opened at $135.62 on Friday. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.95. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $11.37 billion, a PE ratio of 12.98 and a beta of 0.78. The firm has a 50 day simple moving average of $130.23 and a 200-day simple moving average of $129.16.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.72 billion. During the same period last year, the firm earned $2.38 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that American Financial Group, Inc. will post 10.96 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were given a $0.71 dividend. The ex-dividend date was Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.09%. American Financial Group’s dividend payout ratio (DPR) is 27.18%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

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

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.