New Age Alpha Advisors LLC Makes New Investment in American Financial Group, Inc. (NYSE:AFG)

New Age Alpha Advisors LLC purchased a new stake in American Financial Group, Inc. (NYSE:AFG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,304 shares of the insurance provider's stock, valued at approximately $6,751,000. New Age Alpha Advisors LLC owned 0.06% of American Financial Group at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its position in shares of American Financial Group by 1.4% during the 4th quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider's stock valued at $794,000 after purchasing an additional 81 shares in the last quarter. Horan Securities Inc. boosted its holdings in American Financial Group by 3.2% during the fourth quarter. Horan Securities Inc. now owns 2,595 shares of the insurance provider's stock worth $355,000 after buying an additional 81 shares in the last quarter. Shoker Investment Counsel Inc. grew its position in American Financial Group by 3.3% in the fourth quarter. Shoker Investment Counsel Inc. now owns 2,648 shares of the insurance provider's stock worth $363,000 after buying an additional 85 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of American Financial Group by 4.6% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,226 shares of the insurance provider's stock valued at $305,000 after buying an additional 97 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of American Financial Group by 0.8% during the 4th quarter. Van ECK Associates Corp now owns 12,040 shares of the insurance provider's stock valued at $1,649,000 after acquiring an additional 101 shares during the last quarter. Institutional investors own 64.37% of the company's stock.

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American Financial Group Stock Up 1.1 %

NYSE:AFG traded up $1.47 during trading hours on Monday, hitting $131.51. 410,987 shares of the stock traded hands, compared to its average volume of 541,940. American Financial Group, Inc. has a fifty-two week low of $118.97 and a fifty-two week high of $150.19. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. The firm has a market cap of $11.04 billion, a price-to-earnings ratio of 12.42 and a beta of 0.79. The firm has a 50 day moving average price of $128.06 and a 200 day moving average price of $133.80.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results 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%. Equities research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were paid a dividend of $2.00 per share. The ex-dividend date was Monday, March 17th. American Financial Group's dividend payout ratio (DPR) is currently 30.27%.

Wall Street Analyst Weigh In

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

Insider Activity

In other news, Director Gregory G. Joseph purchased 3,000 shares of American Financial Group stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the acquisition, the director now directly owns 57,477 shares in the company, valued at $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 14.50% of the stock is currently owned by corporate insiders.

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.