Resonant Capital Advisors LLC Purchases 375 Shares of American Financial Group, Inc. $AFG

Resonant Capital Advisors LLC lifted its position in American Financial Group, Inc. (NYSE:AFG) by 6.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,846 shares of the insurance provider’s stock after buying an additional 375 shares during the quarter. Resonant Capital Advisors LLC’s holdings in American Financial Group were worth $738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of AFG. Linden Thomas Advisory Services LLC raised its holdings in American Financial Group by 23.6% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 10,520 shares of the insurance provider’s stock worth $1,328,000 after acquiring an additional 2,012 shares during the period. Carnegie Investment Counsel bought a new position in shares of American Financial Group in the second quarter worth about $215,000. D.A. Davidson & CO. lifted its position in shares of American Financial Group by 23.0% during the 2nd quarter. D.A. Davidson & CO. now owns 4,126 shares of the insurance provider’s stock worth $521,000 after purchasing an additional 772 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of American Financial Group during the 2nd quarter worth about $20,560,000. Finally, William Blair Investment Management LLC boosted its stake in American Financial Group by 16.2% during the 2nd quarter. William Blair Investment Management LLC now owns 2,311 shares of the insurance provider’s stock valued at $292,000 after purchasing an additional 322 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AFG has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their price target on American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a report on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of American Financial Group in a report on Friday. Jefferies Financial Group boosted their price objective on shares of American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, September 13th. Five investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $136.75.

Insider Buying and Selling at American Financial Group

In related news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total value of $1,343,100.00. Following the completion of the transaction, the director owned 326,730 shares in the company, valued at $43,883,106.30. The trade was a 2.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 17.40% of the stock is currently owned by corporate insiders.

American Financial Group Price Performance

NYSE:AFG opened at $132.19 on Monday. The company’s 50-day moving average price is $138.69 and its two-hundred day moving average price is $130.32. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. The firm has a market cap of $11.02 billion, a PE ratio of 14.53 and a beta of 0.74. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.33.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.77 billion. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The business’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.56 earnings per share. On average, equities analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 24th. Stockholders of record on Wednesday, October 15th were paid a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a dividend yield of 2.7%. This is an increase from American Financial Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend was Wednesday, October 15th. American Financial Group’s payout ratio is currently 38.68%.

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.