1,012 Shares in American Financial Group, Inc. (NYSE:AFG) Bought by Point72 Asia Singapore Pte. Ltd.

Point72 Asia Singapore Pte. Ltd. bought a new stake in American Financial Group, Inc. (NYSE:AFG) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,012 shares of the insurance provider’s stock, valued at approximately $124,000.

Several other institutional investors have also recently bought and sold shares of the business. Bank of Montreal Can grew its holdings in shares of American Financial Group by 251.1% during the 2nd quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock valued at $19,442,000 after purchasing an additional 105,764 shares during the last quarter. First Trust Advisors LP grew its stake in shares of American Financial Group by 43.5% during the fourth quarter. First Trust Advisors LP now owns 264,183 shares of the insurance provider’s stock worth $31,409,000 after buying an additional 80,034 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of American Financial Group during the fourth quarter worth $7,133,000. Lord Abbett & CO. LLC increased its holdings in shares of American Financial Group by 13.4% during the first quarter. Lord Abbett & CO. LLC now owns 396,355 shares of the insurance provider’s stock worth $54,095,000 after buying an additional 46,702 shares in the last quarter. Finally, Bahl & Gaynor Inc. lifted its stake in shares of American Financial Group by 8.6% in the 2nd quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock valued at $60,528,000 after acquiring an additional 38,937 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 0.8 %

AFG opened at $135.12 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. American Financial Group, Inc. has a fifty-two week low of $105.22 and a fifty-two week high of $137.95. The company’s 50 day moving average price is $130.93 and its two-hundred day moving average price is $129.42. The firm has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.93 and a beta of 0.78.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. The business 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 in the prior year, the business posted $2.38 earnings per share. 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 business 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. This represents a $2.84 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio is currently 27.18%.

Wall Street Analysts Forecast Growth

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

American Financial Group 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.