Oak Thistle LLC Buys Shares of 8,026 American Financial Group, Inc. (NYSE:AFG)

Oak Thistle LLC bought a new stake in American Financial Group, Inc. (NYSE:AFG) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 8,026 shares of the insurance provider’s stock, valued at approximately $987,000. American Financial Group makes up approximately 0.7% of Oak Thistle LLC’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors also recently bought and sold shares of AFG. Innealta Capital LLC acquired a new position in American Financial Group in the 2nd quarter valued at about $30,000. Covestor Ltd grew its position in shares of American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after buying an additional 346 shares in the last quarter. Blue Trust Inc. increased its stake in shares of American Financial Group by 44.3% during the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after buying an additional 133 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of American Financial Group by 10,460.0% during the first quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after buying an additional 523 shares during the period. Finally, nVerses Capital LLC increased its stake in shares of American Financial Group by 200.0% during the second quarter. nVerses Capital LLC now owns 600 shares of the insurance provider’s stock worth $74,000 after buying an additional 400 shares during the period. 64.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Citigroup lowered shares of American Financial Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $144.00 to $137.00 in a research note on Friday, June 28th.

Insider Activity at American Financial Group

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average cost of $125.17 per share, with a total value of $150,204.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $150,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.50% of the stock is currently owned by corporate insiders.

American Financial Group Stock Up 0.8 %

Shares of AFG stock traded up $1.02 during trading hours on Friday, reaching $134.08. 353,207 shares of the stock were exchanged, compared to its average volume of 297,076. The business’s fifty day moving average is $127.64 and its two-hundred day moving average is $128.58. 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, Inc. has a 12-month low of $105.22 and a 12-month high of $137.71. The firm has a market capitalization of $11.24 billion, a P/E ratio of 12.83 and a beta of 0.78.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. The firm had revenue of $1.90 billion during 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 firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.38 earnings per share. As a group, research analysts expect that American Financial Group, Inc. will post 10.96 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio (DPR) is 27.18%.

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.