Moisand Fitzgerald Tamayo LLC Invests $111,000 in American Financial Group, Inc. (NYSE:AFG)

Moisand Fitzgerald Tamayo LLC bought a new position in American Financial Group, Inc. (NYSE:AFG) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 826 shares of the insurance provider’s stock, valued at approximately $111,000.

A number of other hedge funds have also recently modified their holdings of AFG. Bank of Montreal Can boosted its stake in shares of American Financial Group by 251.1% in the second quarter. Bank of Montreal Can now owns 147,892 shares of the insurance provider’s stock worth $19,442,000 after buying an additional 105,764 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in American Financial Group in the fourth quarter valued at approximately $7,133,000. Lord Abbett & CO. LLC grew its holdings in American Financial Group by 13.4% in the first quarter. Lord Abbett & CO. LLC now owns 396,355 shares of the insurance provider’s stock valued at $54,095,000 after purchasing an additional 46,702 shares during the period. Bahl & Gaynor Inc. grew its holdings in American Financial Group by 8.6% in the second quarter. Bahl & Gaynor Inc. now owns 492,021 shares of the insurance provider’s stock valued at $60,528,000 after purchasing an additional 38,937 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in American Financial Group by 302.7% in the second quarter. Assenagon Asset Management S.A. now owns 51,509 shares of the insurance provider’s stock valued at $6,337,000 after purchasing an additional 38,718 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Analyst Upgrades and Downgrades

AFG has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on American Financial Group from $132.00 to $135.00 and gave the company a “market perform” rating in a report on Tuesday. Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and decreased their target price for the company from $144.00 to $137.00 in a research report on Friday, June 28th.

American Financial Group Stock Performance

NYSE AFG opened at $135.85 on Friday. The company has a market cap of $11.40 billion, a PE ratio of 12.82 and a beta of 0.78. The stock’s 50 day simple moving average is $132.44 and its 200-day simple moving average is $129.69. American Financial Group, Inc. has a 1-year low of $105.22 and a 1-year high of $138.81. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.11. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 earnings per share. As a group, equities research analysts anticipate that American Financial Group, Inc. will post 10.99 EPS for the current fiscal year.

American Financial Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Tuesday, October 15th will be given a dividend of $0.80 per share. This is an increase from American Financial Group’s previous quarterly dividend of $0.71. The ex-dividend date is Tuesday, October 15th. This represents a $3.20 dividend on an annualized basis and a yield of 2.36%. American Financial Group’s dividend payout ratio (DPR) is presently 26.79%.

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.