Curi RMB Capital LLC Boosts Holdings in American Financial Group, Inc. (NYSE:AFG)

Curi RMB Capital LLC increased its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,224 shares of the insurance provider’s stock after purchasing an additional 1,186 shares during the period. Curi RMB Capital LLC owned 0.16% of American Financial Group worth $18,105,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. UMB Bank n.a. boosted its stake in shares of American Financial Group by 86.8% in the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 158 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of American Financial Group by 91.2% during the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after buying an additional 248 shares in the last quarter. Allworth Financial LP raised its position in shares of American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after buying an additional 527 shares during the last quarter. GAMMA Investing LLC boosted its position in American Financial Group by 31.6% during the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 254 shares during the last quarter. Finally, Nicolet Advisory Services LLC purchased a new stake in American Financial Group during the 4th quarter valued at about $212,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the acquisition, the director now owns 57,477 shares in the company, valued at $6,954,717. The trade was a 5.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 17.40% of the stock is currently owned by corporate insiders.

American Financial Group Stock Performance

Shares of AFG stock opened at $128.03 on Friday. The firm has a 50 day moving average of $125.44 and a two-hundred day moving average of $132.70. The stock has a market capitalization of $10.71 billion, a PE ratio of 12.11 and a beta of 0.59. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19.

American Financial Group (NYSE:AFG) last issued its quarterly 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 return on equity of 20.30% and a net margin of 10.66%. On average, research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.80 per share. The ex-dividend date is Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.50%. American Financial Group’s payout ratio is currently 30.27%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of American Financial Group from $144.00 to $126.00 and set a “market perform” rating for the company in a report on Wednesday, April 9th.

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.