Siemens Fonds Invest GmbH Invests $580,000 in American Financial Group, Inc. (NYSE:AFG)

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

Several other large investors have also recently bought and sold shares of the business. UMB Bank n.a. boosted its position in shares of American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 158 shares in the last quarter. Natixis purchased a new stake in American Financial Group during the fourth quarter worth approximately $47,000. Lazard Asset Management LLC purchased a new stake in American Financial Group during the fourth quarter worth approximately $53,000. Jones Financial Companies Lllp boosted its holdings in American Financial Group by 91.2% in the fourth 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 in the last quarter. Finally, Measured Risk Portfolios Inc. acquired a new position in American Financial Group in the fourth quarter valued at approximately $73,000. Hedge funds and other institutional investors own 64.37% of the company’s stock.

Insider Activity

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the firm’s stock in a transaction that occurred 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 purchase, the director now directly owns 57,477 shares in the company, valued at approximately $6,954,717. This trade represents a 5.51% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 17.40% of the company’s stock.

American Financial Group Stock Performance

NYSE AFG opened at $126.66 on Friday. The company has a fifty day moving average of $126.17 and a two-hundred day moving average of $131.58. The company has a market capitalization of $10.60 billion, a PE ratio of 11.98 and a beta of 0.72. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. 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 (NYSE:AFG) last posted 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). The firm had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.74 billion. American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.76 earnings per share. As a group, analysts expect that American Financial Group, Inc. will post 10.5 earnings per share 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 was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.53%. American Financial Group’s dividend payout ratio (DPR) is presently 33.61%.

Analyst Upgrades and Downgrades

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

About American Financial Group

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.