New Age Alpha Advisors LLC Buys Shares of 49,304 American Financial Group, Inc. (NYSE:AFG)

New Age Alpha Advisors LLC acquired a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 49,304 shares of the insurance provider's stock, valued at approximately $6,751,000. New Age Alpha Advisors LLC owned approximately 0.06% of American Financial Group at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Norges Bank purchased a new stake in American Financial Group during the fourth quarter worth approximately $122,419,000. Caisse Des Depots ET Consignations acquired a new stake in American Financial Group in the 4th quarter valued at $1,372,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in American Financial Group by 17.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,269 shares of the insurance provider's stock valued at $7,461,000 after purchasing an additional 8,212 shares during the period. Zions Bancorporation N.A. lifted its stake in shares of American Financial Group by 51.9% during the fourth quarter. Zions Bancorporation N.A. now owns 4,584 shares of the insurance provider's stock worth $628,000 after purchasing an additional 1,567 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of American Financial Group by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 8,287,861 shares of the insurance provider's stock worth $1,134,857,000 after buying an additional 99,560 shares during the period. Hedge funds and other institutional investors own 64.37% of the company's stock.

Insider Transactions at American Financial Group

In related news, Director Gregory G. Joseph purchased 3,000 shares of the business's stock in a transaction that occurred on 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 acquisition, the director now owns 57,477 shares in the company, 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 SEC, which is accessible through this hyperlink. Insiders own 14.50% of the company's stock.

American Financial Group Stock Up 0.5 %

NYSE AFG traded up $0.65 during trading hours on Tuesday, reaching $131.99. 92,892 shares of the company traded hands, compared to its average volume of 357,433. The stock has a market capitalization of $11.08 billion, a PE ratio of 12.52 and a beta of 0.79. The company has a 50 day moving average of $127.99 and a two-hundred day moving average of $133.79. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19.

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

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.42%. American Financial Group's dividend payout ratio (DPR) is 30.27%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods downgraded shares of American Financial Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $164.00 to $144.00 in a research report on Friday, February 7th.

About American Financial Group

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.