American Financial Group, Inc. (NYSE:AFG) Holdings Lowered by American Trust

American Trust trimmed its stake in shares of American Financial Group, Inc. (NYSE:AFGGet Rating) by 14.7% in the 1st quarter, HoldingsChannel reports. The firm owned 1,493 shares of the insurance provider’s stock after selling 257 shares during the quarter. American Trust’s holdings in American Financial Group were worth $217,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. M Holdings Securities Inc. purchased a new stake in American Financial Group in the 1st quarter worth about $1,348,000. BNP Paribas Arbitrage SA lifted its stake in American Financial Group by 78.8% in the 1st quarter. BNP Paribas Arbitrage SA now owns 46,634 shares of the insurance provider’s stock worth $6,791,000 after acquiring an additional 20,554 shares in the last quarter. Virtu Financial LLC purchased a new stake in American Financial Group in the 1st quarter worth about $273,000. Advisors Asset Management Inc. lifted its stake in American Financial Group by 147.9% in the 1st quarter. Advisors Asset Management Inc. now owns 31,539 shares of the insurance provider’s stock worth $4,593,000 after acquiring an additional 18,815 shares in the last quarter. Finally, Beacon Pointe Advisors LLC purchased a new stake in American Financial Group in the 1st quarter worth about $224,000. 69.11% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Stock Up 1.2 %

AFG opened at $130.18 on Tuesday. American Financial Group, Inc. has a fifty-two week low of $122.71 and a fifty-two week high of $152.29. The business has a 50-day moving average of $131.54 and a 200-day moving average of $137.55. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market capitalization of $11.09 billion, a PE ratio of 10.76 and a beta of 0.82.

American Financial Group (NYSE:AFGGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The insurance provider reported $2.85 earnings per share for the quarter, topping analysts’ consensus estimates of $2.24 by $0.61. American Financial Group had a return on equity of 23.56% and a net margin of 15.53%. During the same quarter in the prior year, the firm posted $2.39 earnings per share. Equities research analysts forecast that American Financial Group, Inc. will post 11.55 EPS for the current fiscal year.

American Financial Group Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 25th. Stockholders of record on Friday, July 15th were issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Thursday, July 14th. American Financial Group’s dividend payout ratio is 18.51%.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reduced their price objective on American Financial Group from $147.00 to $146.00 and set an “equal weight” rating for the company in a research note on Friday, August 19th.

About American Financial Group

(Get Rating)

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.

See Also

Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFGGet Rating).

Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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