Worldquant Millennium Advisors LLC Raises Stock Position in American Financial Group, Inc. (NYSE:AFG)

Worldquant Millennium Advisors LLC grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 8.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,481 shares of the insurance provider’s stock after buying an additional 200 shares during the period. Worldquant Millennium Advisors LLC’s holdings in American Financial Group were worth $340,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in AFG. UMB Bank n.a. grew its stake in shares of American Financial Group by 86.8% in the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after buying an additional 158 shares in the last quarter. Natixis bought a new position in shares of American Financial Group during the 4th quarter valued at approximately $47,000. Lazard Asset Management LLC bought a new position in shares of American Financial Group during the 4th quarter valued at approximately $53,000. Jones Financial Companies Lllp increased its position in shares of American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock valued at $71,000 after purchasing an additional 248 shares during the last quarter. Finally, Measured Risk Portfolios Inc. bought a new position in shares of American Financial Group during the 4th quarter valued at approximately $73,000. 64.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

American Financial Group Stock Performance

American Financial Group stock opened at $121.35 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The firm has a market capitalization of $10.15 billion, a P/E ratio of 11.48 and a beta of 0.72. The company’s 50-day moving average is $126.06 and its 200 day moving average is $131.46.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share 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 business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the business posted $2.76 earnings per share. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. Research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th were given a dividend of $0.80 per share. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.64%. American Financial Group’s dividend payout ratio (DPR) is 33.61%.

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.