Headlands Technologies LLC Takes Position in American Financial Group, Inc. (NYSE:AFG)

Headlands Technologies LLC bought a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 311 shares of the insurance provider’s stock, valued at approximately $38,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in 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 position in American Financial Group by 402.3% in the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 346 shares during the last quarter. Blue Trust Inc. boosted its stake in American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 133 shares in the last quarter. Abich Financial Wealth Management LLC boosted its stake in American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 523 shares during the period. Finally, nVerses Capital LLC grew its position in American Financial Group by 200.0% during the 2nd quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after purchasing an additional 400 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Trading Up 0.3 %

Shares of American Financial Group stock opened at $136.52 on Wednesday. The company has a 50-day moving average of $129.54 and a two-hundred day moving average of $129.01. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month high of $137.95. 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 stock has a market cap of $11.45 billion, a PE ratio of 13.06 and a beta of 0.78.

American Financial Group (NYSE:AFG) last released its quarterly earnings data 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 firm 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business posted $2.38 EPS. On average, research analysts anticipate that American Financial Group, Inc. will post 10.96 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were paid 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 yield of 2.08%. American Financial Group’s payout ratio is 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 American Financial Group stock in a transaction on Friday, June 28th. The shares were bought at an average price of $125.17 per share, with a total value of $150,204.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at $150,204. The transaction was disclosed in a document filed with the SEC, which is available through this link. 14.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

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.