Envestnet Asset Management Inc. Has $7.37 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Envestnet Asset Management Inc. lifted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,834 shares of the insurance provider's stock after purchasing an additional 2,474 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of American Financial Group worth $7,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AFG. UMB Bank n.a. boosted its stake in American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock worth $47,000 after buying an additional 158 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after acquiring an additional 248 shares during the period. Allworth Financial LP raised its position in American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock worth $94,000 after purchasing an additional 527 shares in the last quarter. GAMMA Investing LLC raised its position in American Financial Group by 31.6% in the fourth quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider's stock worth $145,000 after purchasing an additional 254 shares in the last quarter. Finally, Nicolet Advisory Services LLC bought a new position in American Financial Group during the fourth quarter worth about $212,000. 64.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Gregory G. Joseph bought 3,000 shares of American Financial Group stock in a transaction dated Thursday, February 20th. The shares were bought at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the transaction, the director now owns 57,477 shares of the company's stock, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 17.40% of the company's stock.

American Financial Group Price Performance

American Financial Group stock traded down $3.53 during trading hours on Friday, hitting $125.60. 72,328 shares of the stock were exchanged, compared to its average volume of 372,085. The stock has a market capitalization of $10.51 billion, a P/E ratio of 11.88 and a beta of 0.59. The business's 50-day moving average is $125.77 and its two-hundred day moving average is $132.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing analysts' consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Equities research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Tuesday, April 15th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, April 15th. This represents a $3.20 annualized dividend and a yield of 2.55%. American Financial Group's dividend payout ratio (DPR) is 30.27%.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their target price on American Financial Group from $144.00 to $126.00 and set a "market perform" rating for the company in a report on Wednesday, April 9th.

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.