ExodusPoint Capital Management LP Makes New $1.89 Million Investment in American Financial Group, Inc. (NYSE:AFG)

ExodusPoint Capital Management LP purchased a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,826 shares of the insurance provider's stock, valued at approximately $1,893,000.

A number of other large investors have also modified their holdings of AFG. UMB Bank n.a. lifted its position in American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock worth $47,000 after buying 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 valued at $71,000 after acquiring an additional 248 shares during the last quarter. Allworth Financial LP grew its holdings in shares of American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 527 shares during the period. iA Global Asset Management Inc. acquired a new stake in American Financial Group during the third quarter worth about $125,000. Finally, GAMMA Investing LLC raised its stake in American Financial Group by 31.6% during the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider's stock worth $145,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 64.37% of the company's stock.

American Financial Group Trading Up 1.7 %

Shares of American Financial Group stock traded up $2.19 on Monday, reaching $127.91. The company had a trading volume of 21,173 shares, compared to its average volume of 369,963. The firm's 50 day moving average price is $125.37 and its two-hundred day moving average price is $132.92. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.19. The firm has a market cap of $10.70 billion, a PE ratio of 12.10 and a beta of 0.59.

American Financial Group (NYSE:AFG - Get Free Report) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Sell-side analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Tuesday, April 15th. American Financial Group's dividend payout ratio is currently 30.27%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price target on shares of American Financial Group from $144.00 to $126.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th.

Insider Transactions at American Financial Group

In related news, Director Gregory G. Joseph acquired 3,000 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $121.00 per share, with a total value of $363,000.00. Following the completion of the transaction, the director now owns 57,477 shares of the company's stock, valued at $6,954,717. The trade was a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 14.50% of the company's stock.

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.