Applied Capital LLC FL Has $568,000 Position in American Financial Group, Inc. $AFG

Applied Capital LLC FL boosted its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 25.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,499 shares of the insurance provider’s stock after acquiring an additional 900 shares during the period. Applied Capital LLC FL’s holdings in American Financial Group were worth $568,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in AFG. Aberdeen Group plc increased its position in shares of American Financial Group by 28.1% during the second quarter. Aberdeen Group plc now owns 4,382 shares of the insurance provider’s stock worth $549,000 after acquiring an additional 960 shares in the last quarter. Forefront Analytics LLC acquired a new position in American Financial Group during the 2nd quarter valued at about $1,277,000. Acima Private Wealth LLC bought a new stake in American Financial Group during the 2nd quarter worth approximately $173,000. Blue Trust Inc. increased its holdings in American Financial Group by 29.1% during the 2nd quarter. Blue Trust Inc. now owns 1,011 shares of the insurance provider’s stock worth $128,000 after purchasing an additional 228 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in shares of American Financial Group in the second quarter worth approximately $499,000. 64.37% of the stock is owned by institutional investors.

American Financial Group Trading Down 4.3%

NYSE AFG opened at $137.26 on Friday. The stock has a market capitalization of $11.45 billion, a price-to-earnings ratio of 15.08 and a beta of 0.74. The business’s fifty day moving average is $137.76 and its 200-day moving average is $129.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19.

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

American Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Shareholders of record on Wednesday, October 15th will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 2.6%. This is a positive change from American Financial Group’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, October 15th. American Financial Group’s dividend payout ratio is currently 35.16%.

Wall Street Analyst Weigh In

AFG has been the topic of a number of recent research reports. Wall Street Zen upgraded American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Jefferies Financial Group increased their price target on American Financial Group from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Monday, August 11th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of American Financial Group in a report on Wednesday. Finally, Keefe, Bruyette & Woods dropped their price target on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, American Financial Group has a consensus rating of “Hold” and an average target price of $136.75.

Insiders Place Their Bets

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $134.31, for a total value of $1,343,100.00. Following the completion of the sale, the director directly owned 326,730 shares of the company’s stock, valued at $43,883,106.30. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 17.40% of the company’s stock.

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.