New Age Alpha Advisors LLC Makes New $6.75 Million Investment in American Financial Group, Inc. (NYSE:AFG)

New Age Alpha Advisors LLC acquired a new stake in 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 49,304 shares of the insurance provider’s stock, valued at approximately $6,751,000. New Age Alpha Advisors LLC owned approximately 0.06% of American Financial Group as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of American Financial Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,287,861 shares of the insurance provider’s stock valued at $1,134,857,000 after purchasing an additional 99,560 shares during the period. FMR LLC increased its position in shares of American Financial Group by 3.8% during the third quarter. FMR LLC now owns 5,516,351 shares of the insurance provider’s stock worth $742,501,000 after acquiring an additional 202,522 shares in the last quarter. State Street Corp raised its holdings in shares of American Financial Group by 4.0% during the third quarter. State Street Corp now owns 2,693,356 shares of the insurance provider’s stock worth $362,526,000 after acquiring an additional 104,172 shares during the period. Geode Capital Management LLC lifted its position in American Financial Group by 10.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider’s stock valued at $208,699,000 after acquiring an additional 143,820 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in American Financial Group by 26.2% during the 4th quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider’s stock worth $136,566,000 after purchasing an additional 207,285 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Down 0.0 %

American Financial Group stock opened at $127.87 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a 1-year low of $118.97 and a 1-year high of $150.19. The company has a fifty day simple moving average of $128.17 and a 200 day simple moving average of $133.84. The company has a market cap of $10.74 billion, a P/E ratio of 12.10 and a beta of 0.79.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data 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 net margin of 10.66% and a return on equity of 20.30%. Research analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date of this dividend is Monday, March 17th. American Financial Group’s payout ratio is presently 30.27%.

Analyst Ratings Changes

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

Insider Activity at American Financial Group

In other news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the purchase, the director now directly 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.50% of the stock is owned by company insiders.

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.