FCG Investment Co Acquires Shares of 7,858 American Financial Group, Inc. (NYSE:AFG)

FCG Investment Co bought a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 7,858 shares of the insurance provider's stock, valued at approximately $1,058,000.

Several other large investors have also added to or reduced their stakes in the business. Sei Investments Co. grew its holdings in shares of American Financial Group by 0.3% in the second quarter. Sei Investments Co. now owns 26,059 shares of the insurance provider's stock valued at $3,206,000 after acquiring an additional 86 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of American Financial Group by 2.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,674 shares of the insurance provider's stock worth $638,000 after purchasing an additional 100 shares during the period. Diversified Trust Co grew its holdings in American Financial Group by 5.0% during the second quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider's stock valued at $259,000 after purchasing an additional 100 shares during the period. Blue Trust Inc. raised its stake in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock valued at $59,000 after buying an additional 133 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of American Financial Group by 2.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider's stock worth $937,000 after acquiring an additional 136 shares during the period. Institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

Separately, BMO Capital Markets boosted their price objective on American Financial Group from $132.00 to $135.00 and gave the company a "market perform" rating in a research note on Tuesday, October 8th.

American Financial Group Price Performance

AFG stock traded up $0.55 during mid-day trading on Monday, hitting $129.96. 192,705 shares of the stock were exchanged, compared to its average volume of 300,589. The business has a fifty day moving average price of $134.18 and a 200 day moving average price of $129.66. American Financial Group, Inc. has a 12 month low of $106.62 and a 12 month high of $138.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $10.90 billion, a price-to-earnings ratio of 12.30 and a beta of 0.78.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.11. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.38 earnings per share. On average, sell-side analysts anticipate that American Financial Group, Inc. will post 10.98 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Tuesday, October 15th were issued a $0.80 dividend. This is a positive change from American Financial Group's previous quarterly dividend of $0.71. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.46%. American Financial Group's dividend payout ratio (DPR) is presently 30.19%.

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.