American Financial Group, Inc. (NYSE:AFG) Holdings Decreased by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 5.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,699 shares of the insurance provider's stock after selling 2,708 shares during the quarter. Asset Management One Co. Ltd. owned about 0.05% of American Financial Group worth $5,871,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AFG. Horan Securities Inc. raised its holdings in American Financial Group by 3.2% during the 4th quarter. Horan Securities Inc. now owns 2,595 shares of the insurance provider's stock worth $355,000 after buying an additional 81 shares during the period. Legacy Financial Advisors Inc. raised its holdings in American Financial Group by 2.5% during the 4th quarter. Legacy Financial Advisors Inc. now owns 4,127 shares of the insurance provider's stock worth $565,000 after buying an additional 100 shares during the period. Utah Retirement Systems raised its holdings in American Financial Group by 0.8% during the 4th quarter. Utah Retirement Systems now owns 11,917 shares of the insurance provider's stock worth $1,632,000 after buying an additional 100 shares during the period. Johnson Financial Group Inc. raised its holdings in 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 buying an additional 144 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in American Financial Group by 4.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,660 shares of the insurance provider's stock worth $501,000 after buying an additional 147 shares during the period. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on AFG. Wall Street Zen downgraded American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Keefe, Bruyette & Woods dropped their target price on American Financial Group from $126.00 to $125.00 and set a "market perform" rating on the stock in a report on Friday, May 9th.

American Financial Group Price Performance

Shares of AFG opened at $125.04 on Friday. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 13.13 and a beta of 0.72. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.67 and a quick ratio of 0.67. The business's 50-day moving average is $124.78 and its 200-day moving average is $128.12.

American Financial Group (NYSE:AFG - Get Free Report) last issued its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share for the quarter, missing analysts' consensus estimates of $2.17 by ($0.36). American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The business had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter in the prior year, the company earned $2.76 EPS. American Financial Group's revenue for the quarter was down 2.6% on a year-over-year basis. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Tuesday, April 15th were issued a $0.80 dividend. The ex-dividend date was Tuesday, April 15th. This represents a $3.20 dividend on an annualized basis and a yield of 2.56%. American Financial Group's dividend payout ratio is currently 33.61%.

American Financial Group Profile

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.

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