American Financial Group (NYSE:AFG) Reaches New 1-Year High at $151.46

American Financial Group, Inc. (NYSE:AFGGet Rating)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $151.46 and last traded at $150.86, with a volume of 1325 shares changing hands. The stock had previously closed at $148.98.

Separately, StockNews.com initiated coverage on American Financial Group in a report on Thursday, March 31st. They set a “hold” rating for the company.

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market capitalization of $12.28 billion, a PE ratio of 6.20 and a beta of 0.94. The firm has a 50-day moving average of $141.68 and a 200 day moving average of $138.17.

American Financial Group (NYSE:AFGGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The insurance provider reported $4.12 EPS for the quarter, beating the consensus estimate of $2.98 by $1.14. American Financial Group had a return on equity of 17.62% and a net margin of 30.45%. The company had revenue of $1.75 billion for the quarter. During the same period last year, the business earned $3.09 earnings per share. Equities analysts expect that American Financial Group, Inc. will post 10 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 25th. Investors of record on Friday, April 15th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, April 13th. This represents a $2.24 annualized dividend and a dividend yield of 1.55%. American Financial Group’s dividend payout ratio (DPR) is presently 9.62%.

Large investors have recently made changes to their positions in the business. Spire Wealth Management boosted its position in American Financial Group by 116.9% in the first quarter. Spire Wealth Management now owns 180 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. Steward Partners Investment Advisory LLC boosted its position in American Financial Group by 183.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 255 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 165 shares during the last quarter. Covestor Ltd purchased a new position in American Financial Group in the fourth quarter worth about $41,000. Deseret Mutual Benefit Administrators boosted its position in American Financial Group by 128.5% in the third quarter. Deseret Mutual Benefit Administrators now owns 313 shares of the insurance provider’s stock worth $39,000 after purchasing an additional 176 shares during the last quarter. Finally, Quent Capital LLC bought a new position in shares of American Financial Group in the fourth quarter worth about $47,000. 64.56% of the stock is currently owned by institutional investors and hedge funds.

About American Financial Group (NYSE:AFG)

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It 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.

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