Intech Investment Management LLC Buys 14,045 Shares of American Financial Group, Inc. (NYSE:AFG)

Intech Investment Management LLC increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 57.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,623 shares of the insurance provider's stock after purchasing an additional 14,045 shares during the period. Intech Investment Management LLC's holdings in American Financial Group were worth $5,289,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. UMB Bank n.a. increased its stake in shares of American Financial Group by 86.8% in the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock valued at $47,000 after acquiring an additional 158 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after purchasing an additional 248 shares in the last quarter. Allworth Financial LP boosted its position in shares of American Financial Group by 301.1% during the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock worth $94,000 after purchasing an additional 527 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in American Financial Group in the 3rd quarter valued at about $125,000. Finally, Brooklyn Investment Group bought a new stake in American Financial Group in the 3rd quarter valued at about $130,000. 64.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods lowered American Financial Group from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $164.00 to $144.00 in a report on Friday, February 7th.

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American Financial Group Stock Down 0.1 %

Shares of NYSE AFG traded down $0.16 during mid-day trading on Friday, reaching $125.03. 4,213,594 shares of the company's stock traded hands, compared to its average volume of 332,931. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. The business has a 50-day simple moving average of $128.72 and a 200 day simple moving average of $134.00. The stock has a market cap of $10.50 billion, a P/E ratio of 11.83 and a beta of 0.79. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. On average, analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group's payout ratio is 30.27%.

Insider Activity

In other news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now owns 57,477 shares of the company's stock, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.50% of the stock is currently owned by corporate insiders.

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.