Nisa Investment Advisors LLC lowered its position in shares of American Financial Group, Inc. (NYSE:AFG) by 1.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,734 shares of the insurance provider’s stock after selling 1,146 shares during the period. Nisa Investment Advisors LLC owned approximately 0.10% of American Financial Group worth $8,826,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in AFG. BlackRock Inc. raised its position in American Financial Group by 10,325.5% in the first quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock valued at $564,476,000 after buying an additional 5,858,989 shares during the period. Vanguard Group Inc. raised its position in American Financial Group by 7.1% in the first quarter. Vanguard Group Inc. now owns 6,517,519 shares of the insurance provider’s stock valued at $621,902,000 after buying an additional 431,262 shares during the period. Wells Fargo & Company MN raised its position in American Financial Group by 114.4% in the first quarter. Wells Fargo & Company MN now owns 290,597 shares of the insurance provider’s stock valued at $27,728,000 after buying an additional 155,085 shares during the period. Victory Capital Management Inc. raised its position in American Financial Group by 5.8% in the first quarter. Victory Capital Management Inc. now owns 2,098,038 shares of the insurance provider’s stock valued at $200,195,000 after buying an additional 114,826 shares during the period. Finally, Morgan Stanley raised its position in American Financial Group by 82.9% in the first quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock valued at $21,662,000 after buying an additional 102,874 shares during the period. 62.05% of the stock is owned by institutional investors and hedge funds.
American Financial Group, Inc. (NYSE AFG) traded up 1.37% during mid-day trading on Friday, hitting $101.10. 248,962 shares of the stock traded hands. The firm has a market cap of $8.86 billion, a P/E ratio of 12.78 and a beta of 0.83. American Financial Group, Inc. has a 52 week low of $71.30 and a 52 week high of $103.19. The firm’s 50-day moving average price is $100.44 and its 200-day moving average price is $95.87.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.32. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.14 billion. American Financial Group had a net margin of 10.62% and a return on equity of 11.11%. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 earnings per share. On average, equities analysts forecast that American Financial Group, Inc. will post $6.50 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Friday, July 14th were issued a $0.3125 dividend. This represents a $1.25 annualized dividend and a yield of 1.24%. The ex-dividend date was Wednesday, July 12th. American Financial Group’s dividend payout ratio (DPR) is currently 15.82%.
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Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating in a research report on Monday, July 24th. BidaskClub lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. American Financial Group currently has a consensus rating of “Hold” and an average target price of $92.00.
In other news, CEO S Craig Lindner sold 26,475 shares of the business’s stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $99.46, for a total transaction of $2,633,203.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William W. Verity sold 1,773 shares of the business’s stock in a transaction on Monday, June 5th. The shares were sold at an average price of $99.26, for a total transaction of $175,987.98. Following the sale, the director now owns 5,135 shares in the company, valued at approximately $509,700.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 375,215 shares of company stock worth $37,465,772. 14.90% of the stock is currently owned by company insiders.
American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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