Acima Private Wealth LLC Acquires Shares of 1,371 American Financial Group, Inc. $AFG

Acima Private Wealth LLC acquired a new stake in shares of American Financial Group, Inc. (NYSE:AFG) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,371 shares of the insurance provider’s stock, valued at approximately $173,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in American Financial Group by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 59,633 shares of the insurance provider’s stock valued at $7,832,000 after purchasing an additional 5,799 shares in the last quarter. Sowell Financial Services LLC bought a new stake in American Financial Group during the 1st quarter valued at about $282,000. Teacher Retirement System of Texas bought a new stake in American Financial Group during the 1st quarter valued at about $1,370,000. Private Trust Co. NA increased its stake in American Financial Group by 144.3% during the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock valued at $28,000 after purchasing an additional 127 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in American Financial Group by 10.5% during the 1st quarter. QRG Capital Management Inc. now owns 5,427 shares of the insurance provider’s stock valued at $713,000 after purchasing an additional 514 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Performance

AFG opened at $137.26 on Friday. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.33. The company has a market cap of $11.45 billion, a price-to-earnings ratio of 15.08 and a beta of 0.74. The company’s 50 day moving average is $137.76 and its 200 day moving average is $129.71. American Financial Group, Inc. has a 12-month low of $114.73 and a 12-month high of $150.19.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.08 by $0.06. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.77 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.56 earnings per share. On average, equities research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 24th. Investors of record on Wednesday, October 15th will be issued a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, October 15th. This is a positive change from American Financial Group’s previous quarterly dividend of $0.80. This represents a $3.52 dividend on an annualized basis and a dividend yield of 2.6%. American Financial Group’s payout ratio is 35.16%.

Insider Activity

In related news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $134.31, for a total value of $1,343,100.00. Following the transaction, the director owned 326,730 shares of the company’s stock, valued at approximately $43,883,106.30. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 17.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wall Street Zen upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of American Financial Group in a research note on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating for the company in a research note on Tuesday, August 12th. Finally, Jefferies Financial Group lifted their price target on shares of American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Monday, August 11th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat, American Financial Group has an average rating of “Hold” and a consensus target price of $136.75.

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.