AQR Capital Management LLC Has $23.40 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

AQR Capital Management LLC decreased its position in American Financial Group, Inc. (NYSE:AFG - Free Report) by 12.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 172,325 shares of the insurance provider's stock after selling 25,355 shares during the quarter. AQR Capital Management LLC owned 0.21% of American Financial Group worth $23,403,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Northern Trust Corp grew its position in shares of American Financial Group by 35.8% during the 4th quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider's stock valued at $109,827,000 after buying an additional 211,630 shares during the last quarter. Johnson Financial Group Inc. raised its position in shares of American Financial Group by 4.9% during the 4th quarter. Johnson Financial Group Inc. now owns 3,101 shares of the insurance provider's stock worth $423,000 after purchasing an additional 144 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of American Financial Group in the 4th quarter worth approximately $6,800,000. Voya Investment Management LLC boosted its position in American Financial Group by 89.5% during the 4th quarter. Voya Investment Management LLC now owns 672,851 shares of the insurance provider's stock valued at $92,134,000 after purchasing an additional 317,859 shares during the period. Finally, Hsbc Holdings PLC grew its stake in American Financial Group by 32.2% during the 4th quarter. Hsbc Holdings PLC now owns 242,412 shares of the insurance provider's stock worth $33,190,000 after buying an additional 59,002 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Price Performance

American Financial Group stock traded up $0.93 during trading hours on Tuesday, hitting $130.04. 395,397 shares of the company traded hands, compared to its average volume of 374,931. The firm's 50-day simple moving average is $126.62 and its two-hundred day simple moving average is $132.02. The firm has a market cap of $10.88 billion, a P/E ratio of 12.30 and a beta of 0.72. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. During the same period last year, the business earned $2.76 EPS. American Financial Group's revenue was down 2.6% compared to the same quarter last year. As a group, analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th were given a $0.80 dividend. The ex-dividend date of this dividend was Tuesday, April 15th. This represents a $3.20 annualized dividend and a yield of 2.46%. American Financial Group's dividend payout ratio (DPR) is 30.27%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods cut their price objective on shares of American Financial Group from $144.00 to $126.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 9th.

Insider Activity

In other news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the transaction, the director now owns 57,477 shares in the company, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 17.40% of the company's stock.

About American Financial Group

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.