Intech Investment Management LLC Purchases 36,901 Shares of American Financial Group, Inc. (NYSE:AFG)

Intech Investment Management LLC grew its position in shares of American Financial Group, Inc. (NYSE:AFG) by 2,269.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 38,527 shares of the insurance provider’s stock after acquiring an additional 36,901 shares during the quarter. Intech Investment Management LLC’s holdings in American Financial Group were worth $4,740,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AFG. Innealta Capital LLC bought a new position in American Financial Group during the second quarter valued at $30,000. Headlands Technologies LLC bought a new position in shares of American Financial Group in the 2nd quarter valued at about $38,000. Covestor Ltd grew its position in American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares in the last quarter. Blue Trust Inc. increased its stake in American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares during the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 523 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Financial Group

In related news, Director Amy Y. Murray acquired 1,200 shares of the stock in a transaction on Friday, June 28th. The stock was bought at an average cost of $125.17 per share, with a total value of $150,204.00. Following the transaction, the director now directly owns 1,200 shares in the company, valued at $150,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

American Financial Group Stock Performance

Shares of NYSE:AFG opened at $135.62 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $11.37 billion, a price-to-earnings ratio of 12.98 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. The firm’s 50-day moving average is $130.23 and its 200 day moving average is $129.18.

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, topping 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same period in the prior year, the business posted $2.38 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts predict that American Financial Group, Inc. will post 10.96 EPS for the current year.

American Financial Group Announces Dividend

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

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.