Bartlett & Co. LLC lowered its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 10.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,278 shares of the insurance provider’s stock after selling 153 shares during the period. Bartlett & Co. LLC’s holdings in American Financial Group were worth $127,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in the stock. Credit Agricole S A purchased a new stake in shares of American Financial Group during the fourth quarter valued at $123,000. Teachers Advisors LLC increased its stake in shares of American Financial Group by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 119,925 shares of the insurance provider’s stock valued at $10,568,000 after buying an additional 9,125 shares during the period. Creative Planning increased its stake in shares of American Financial Group by 3.1% in the first quarter. Creative Planning now owns 11,173 shares of the insurance provider’s stock valued at $1,066,000 after buying an additional 336 shares during the period. Capstone Asset Management Co. increased its stake in shares of American Financial Group by 4.3% in the first quarter. Capstone Asset Management Co. now owns 9,889 shares of the insurance provider’s stock valued at $944,000 after buying an additional 408 shares during the period. Finally, Alpha Windward LLC purchased a new stake in shares of American Financial Group during the first quarter valued at $487,000. 62.33% of the stock is owned by institutional investors.
Shares of American Financial Group, Inc. (AFG) opened at 104.65 on Monday. The company has a market cap of $9.17 billion, a P/E ratio of 11.79 and a beta of 0.83. American Financial Group, Inc. has a 52-week low of $72.14 and a 52-week high of $105.00. The firm has a 50-day moving average of $100.56 and a 200-day moving average of $96.20.
American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.31. American Financial Group had a net margin of 11.89% and a return on equity of 11.75%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the business posted $1.28 EPS. American Financial Group’s revenue for the quarter was up 3.7% compared to the same quarter last year. Equities research analysts forecast that American Financial Group, Inc. will post $6.73 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were paid a dividend of $0.3125 per share. 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 payout ratio is 14.06%.
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Several equities research analysts recently weighed in on AFG shares. Zacks Investment Research downgraded shares of American Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. BidaskClub raised shares of American Financial Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $92.00.
In other American Financial Group news, CEO S Craig Lindner sold 26,475 shares of the company’s stock in a transaction that occurred 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 document filed with the SEC, which is available at this hyperlink. Also, insider Michelle A. Gillis sold 2,051 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $104.88, for a total transaction of $215,108.88. Following the transaction, the insider now owns 17,939 shares in the company, valued at approximately $1,881,442.32. The disclosure for this sale can be found here. Insiders have sold a total of 377,266 shares of company stock worth $37,680,881 in the last 90 days. 13.70% of the stock is currently owned by company insiders.
About American Financial Group
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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