Siemens Fonds Invest GmbH Acquires Shares of 4,237 American Financial Group, Inc. (NYSE:AFG)

Siemens Fonds Invest GmbH acquired a new position in shares of American Financial Group, Inc. (NYSE:AFG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 4,237 shares of the insurance provider’s stock, valued at approximately $580,000.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of American Financial Group during the fourth quarter worth about $122,419,000. Voya Investment Management LLC increased its position in American Financial Group by 89.5% during the 4th quarter. Voya Investment Management LLC now owns 672,851 shares of the insurance provider’s stock worth $92,134,000 after purchasing an additional 317,859 shares during the period. Northern Trust Corp raised its stake in shares of American Financial Group by 35.8% during the 4th quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider’s stock worth $109,827,000 after buying an additional 211,630 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of American Financial Group by 26.2% in the 4th quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock valued at $136,566,000 after buying an additional 207,285 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of American Financial Group by 27.7% in the fourth quarter. First Trust Advisors LP now owns 684,178 shares of the insurance provider’s stock valued at $93,684,000 after buying an additional 148,259 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Up 2.0%

Shares of AFG opened at $126.66 on Friday. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month 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 capitalization of $10.60 billion, a P/E ratio of 11.98 and a beta of 0.72. The firm’s 50-day moving average is $126.17 and its two-hundred day moving average is $131.58.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. The firm had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.74 billion. During the same period last year, the firm earned $2.76 EPS. American Financial Group’s revenue was down 2.6% compared to the same quarter last year. On average, research analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.53%. The ex-dividend date was Tuesday, April 15th. American Financial Group’s dividend payout ratio (DPR) is 33.61%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut their price objective on American Financial Group from $126.00 to $125.00 and set a “market perform” rating for the company in a research report on Friday, May 9th.

Insider Activity

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the purchase, the director now owns 57,477 shares in the company, valued at approximately $6,954,717. The trade was a 5.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 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.