Cambridge Investment Research Advisors Inc. Has $2.47 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Cambridge Investment Research Advisors Inc. increased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 1,113.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,796 shares of the insurance provider’s stock after buying an additional 17,247 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in American Financial Group were worth $2,469,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Natixis acquired a new position in American Financial Group during the fourth quarter worth about $47,000. Lazard Asset Management LLC acquired a new position in American Financial Group during the 4th quarter worth approximately $53,000. Jones Financial Companies Lllp lifted its stake in American Financial Group by 91.2% in the 4th 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 during the last quarter. Measured Risk Portfolios Inc. bought a new position in American Financial Group in the 4th quarter valued at approximately $73,000. Finally, UMB Bank n.a. boosted its position in American Financial Group by 97.4% in the first quarter. UMB Bank n.a. now owns 671 shares of the insurance provider’s stock valued at $88,000 after buying an additional 331 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Price Performance

AFG stock opened at $126.32 on Tuesday. The company has a market capitalization of $10.57 billion, a P/E ratio of 13.27 and a beta of 0.73. The company has a fifty day moving average price of $124.79 and a 200-day moving average price of $127.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.36). American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The company had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same period in the prior year, the business earned $2.76 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, equities analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently commented on AFG shares. Wall Street Zen cut American Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods lowered their target price on American Financial Group from $126.00 to $125.00 and set a “market perform” rating for the company in a report on Friday, May 9th.

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.