Acadian Asset Management LLC Invests $85,000 in American Financial Group, Inc. (NYSE:AFG)

Acadian Asset Management LLC purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 692 shares of the insurance provider’s stock, valued at approximately $85,000.

Other institutional investors have also modified their holdings of the company. Innealta Capital LLC purchased a new stake in shares of American Financial Group during the 2nd quarter worth approximately $30,000. Covestor Ltd lifted its stake in American Financial Group by 402.3% in the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after buying an additional 346 shares in the last quarter. Blue Trust Inc. lifted its stake in American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares in the last quarter. Abich Financial Wealth Management LLC lifted its stake in American Financial Group by 10,460.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after buying an additional 523 shares in the last quarter. Finally, nVerses Capital LLC lifted its stake in American Financial Group by 200.0% in the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock valued at $74,000 after buying an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Wall Street Analyst Weigh In

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

American Financial Group Trading Down 0.7 %

Shares of AFG opened at $135.62 on Friday. The stock has a fifty day moving average of $130.23 and a two-hundred day moving average of $129.18. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $11.37 billion, a PE ratio of 12.98 and a beta of 0.78. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.95.

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

American Financial Group Dividend Announcement

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

Insider Buying and Selling at American Financial Group

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of the business’s stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $125.17 per share, for a total transaction of $150,204.00. Following the acquisition, the director now owns 1,200 shares of the company’s stock, valued at approximately $150,204. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.50% of the stock is currently owned by insiders.

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.