Nisa Investment Advisors LLC lowered its stake in American Financial Group, Inc. (NYSE:AFG) by 1.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. 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.
Other large investors also recently bought and sold shares of the company. Mackenzie Financial Corp increased its stake in American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock valued at $616,000 after buying an additional 30 shares in the last quarter. State of Alaska Department of Revenue increased its stake in American Financial Group by 0.7% in the second quarter. State of Alaska Department of Revenue now owns 6,190 shares of the insurance provider’s stock valued at $615,000 after buying an additional 40 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in American Financial Group by 0.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,413 shares of the insurance provider’s stock valued at $707,000 after buying an additional 50 shares in the last quarter. Advisor Partners LLC increased its stake in American Financial Group by 2.9% in the first quarter. Advisor Partners LLC now owns 3,225 shares of the insurance provider’s stock valued at $308,000 after buying an additional 92 shares in the last quarter. Finally, World Asset Management Inc increased its stake in American Financial Group by 1.9% in the first quarter. World Asset Management Inc now owns 4,948 shares of the insurance provider’s stock valued at $472,000 after buying an additional 94 shares in the last quarter. Hedge funds and other institutional investors own 62.16% of the company’s stock.
American Financial Group, Inc. (NYSE AFG) opened at 104.65 on Friday. The company has a 50-day moving average price of $100.56 and a 200-day moving average price of $96.20. American Financial Group, Inc. has a 1-year low of $71.30 and a 1-year high of $105.00. The company has a market cap of $9.17 billion, a PE ratio of 11.79 and a beta of 0.83.
American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.31. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.12 billion. American Financial Group had a net margin of 11.89% and a return on equity of 11.75%. American Financial Group’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.28 EPS. On average, analysts expect that American Financial Group, Inc. will post $6.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were issued a $0.3125 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $1.25 dividend on an annualized basis and a yield of 1.19%. American Financial Group’s dividend payout ratio is currently 14.06%.
WARNING: “Nisa Investment Advisors LLC Reduces Stake in American Financial Group, Inc. (AFG)” was originally reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://stocknewstimes.com/2017/08/06/american-financial-group-inc-afg-position-cut-by-nisa-investment-advisors-llc-updated-updated.html.
AFG has been the topic of several research analyst reports. Zacks Investment Research cut shares of American Financial Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 11th. BidaskClub raised shares of American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $92.00.
In other news, insider Michelle A. Gillis sold 2,051 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total value of $215,108.88. Following the sale, the insider now directly owns 17,939 shares in the company, valued at approximately $1,881,442.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Carl H. Lindner III sold 95,405 shares of the business’s stock in a transaction dated Wednesday, June 7th. The stock was sold at an average price of $98.68, for a total transaction of $9,414,565.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 377,266 shares of company stock worth $37,680,881. 14.90% of the stock is currently owned by 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.
Receive News & Ratings for American Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
