SG Americas Securities LLC Has $2.82 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

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SG Americas Securities LLC grew its stake in American Financial Group, Inc. (NYSE:AFGGet Rating) by 346.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 19,336 shares of the insurance provider’s stock after buying an additional 15,005 shares during the quarter. SG Americas Securities LLC’s holdings in American Financial Group were worth $2,816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of American Financial Group by 4.9% in the first quarter. Daiwa Securities Group Inc. now owns 3,674 shares of the insurance provider’s stock worth $535,000 after purchasing an additional 170 shares during the period. Nisa Investment Advisors LLC bought a new stake in shares of American Financial Group in the 1st quarter valued at approximately $8,490,000. AustralianSuper Pty Ltd grew its stake in shares of American Financial Group by 86.7% in the 1st quarter. AustralianSuper Pty Ltd now owns 95,797 shares of the insurance provider’s stock valued at $13,950,000 after purchasing an additional 44,494 shares during the period. FCF Advisors LLC boosted its holdings in shares of American Financial Group by 2.7% in the 1st quarter. FCF Advisors LLC now owns 10,514 shares of the insurance provider’s stock worth $1,531,000 after acquiring an additional 275 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its holdings in shares of American Financial Group by 289.7% in the 1st quarter. Belpointe Asset Management LLC now owns 8,348 shares of the insurance provider’s stock worth $1,216,000 after acquiring an additional 6,206 shares in the last quarter. Institutional investors and hedge funds own 64.93% of the company’s stock.

Analyst Ratings Changes

AFG has been the topic of several research reports. Keefe, Bruyette & Woods upped their price objective on American Financial Group to $178.00 and gave the stock a “na” rating in a report on Monday, May 16th. Morgan Stanley began coverage on shares of American Financial Group in a research report on Friday, July 15th. They issued an “equal weight” rating and a $147.00 price objective for the company. Finally, StockNews.com began coverage on shares of American Financial Group in a research report on Thursday, March 31st. They issued a “hold” rating for the company.

American Financial Group Price Performance

AFG stock opened at $131.91 on Friday. The stock has a 50-day moving average price of $136.62 and a two-hundred day moving average price of $138.26. The stock has a market cap of $11.23 billion, a PE ratio of 6.04 and a beta of 0.88. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.40. American Financial Group, Inc. has a 1 year low of $122.65 and a 1 year high of $152.29.

American Financial Group (NYSE:AFGGet Rating) last released its earnings results on Wednesday, May 4th. The insurance provider reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.11. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.41 billion. American Financial Group had a return on equity of 21.08% and a net margin of 28.14%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 EPS. Equities analysts forecast that American Financial Group, Inc. will post 11.02 EPS for the current fiscal year.

American Financial Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 25th. Stockholders of record on Friday, July 15th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 1.70%. The ex-dividend date of this dividend is Thursday, July 14th. American Financial Group’s payout ratio is 10.26%.

Insider Activity

In other news, Director Terry S. Jacobs sold 293 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $140.03, for a total value of $41,028.79. Following the completion of the transaction, the director now owns 6,850 shares in the company, valued at approximately $959,205.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.60% of the stock is owned by corporate insiders.

About American Financial Group

(Get Rating)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.

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