Quadrant Capital Group LLC Has $629,000 Stock Position in American Financial Group, Inc. (NYSE:AFG)

Quadrant Capital Group LLC raised its position in American Financial Group, Inc. (NYSE:AFG) by 51.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,596 shares of the insurance provider’s stock after acquiring an additional 1,554 shares during the period. Quadrant Capital Group LLC’s holdings in American Financial Group were worth $629,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of AFG. Captrust Financial Advisors grew its position in American Financial Group by 9.5% in the 3rd quarter. Captrust Financial Advisors now owns 4,128 shares of the insurance provider’s stock valued at $556,000 after purchasing an additional 357 shares during the period. HighTower Advisors LLC grew its holdings in shares of American Financial Group by 16.9% during the third quarter. HighTower Advisors LLC now owns 11,973 shares of the insurance provider’s stock valued at $1,621,000 after buying an additional 1,734 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of American Financial Group by 193.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 9,293 shares of the insurance provider’s stock worth $1,251,000 after acquiring an additional 6,127 shares in the last quarter. Investment Management Corp of Ontario raised its holdings in shares of American Financial Group by 42.8% in the 3rd quarter. Investment Management Corp of Ontario now owns 2,336 shares of the insurance provider’s stock worth $314,000 after acquiring an additional 700 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in American Financial Group by 6.0% in the 3rd quarter. Quantinno Capital Management LP now owns 5,069 shares of the insurance provider’s stock valued at $682,000 after acquiring an additional 286 shares in the last quarter. Institutional investors own 64.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods downgraded American Financial Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $164.00 to $144.00 in a research note on Friday, February 7th.

American Financial Group Trading Down 6.5 %

NYSE:AFG opened at $121.78 on Monday. American Financial Group, Inc. has a 52 week low of $118.97 and a 52 week high of $150.19. The firm has a 50-day moving average price of $127.54 and a two-hundred day moving average price of $133.60. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a market cap of $10.23 billion, a price-to-earnings ratio of 11.52 and a beta of 0.59.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.63%. The ex-dividend date of this dividend is Tuesday, April 15th. American Financial Group’s dividend payout ratio is 30.27%.

Insider Buying and Selling at American Financial Group

In related news, Director Gregory G. Joseph purchased 3,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $121.00 per share, with a total value of $363,000.00. Following the acquisition, the director now owns 57,477 shares of the company’s stock, valued at $6,954,717. This trade represents a 5.51 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.50% of the company’s stock.

American Financial Group 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.