American Financial Group, Inc. (NYSE:AFG) Position Trimmed by Invesco Ltd.

Invesco Ltd. trimmed its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 1.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 985,544 shares of the insurance provider's stock after selling 11,180 shares during the period. Invesco Ltd. owned about 1.18% of American Financial Group worth $129,441,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in American Financial Group by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,633 shares of the insurance provider's stock worth $7,832,000 after buying an additional 5,799 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of American Financial Group during the 1st quarter worth $282,000. Teacher Retirement System of Texas acquired a new position in shares of American Financial Group during the 1st quarter worth $1,370,000. Private Trust Co. NA increased its stake in shares of American Financial Group by 144.3% during the 1st quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock worth $28,000 after purchasing an additional 127 shares during the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of American Financial Group by 10.5% during the 1st quarter. QRG Capital Management Inc. now owns 5,427 shares of the insurance provider's stock worth $713,000 after purchasing an additional 514 shares during the last quarter. 64.37% of the stock is currently owned by institutional investors.

American Financial Group Stock Performance

NYSE AFG opened at $133.41 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.47 and a quick ratio of 0.47. The firm has a market capitalization of $11.13 billion, a price-to-earnings ratio of 14.66 and a beta of 0.74. The company's fifty day moving average is $126.02 and its two-hundred day moving average is $126.10. American Financial Group, Inc. has a 52-week low of $114.73 and a 52-week high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.08 by $0.06. The company had revenue of $1.65 billion for the quarter, compared to analyst estimates of $1.77 billion. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The business's quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $2.56 EPS. Equities research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th were given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Tuesday, July 15th. American Financial Group's payout ratio is 35.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen upgraded shares of American Financial Group from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods dropped their target price on shares of American Financial Group from $127.00 to $124.00 and set a "market perform" rating on the stock in a report on Tuesday. Finally, Jefferies Financial Group lifted their target price on shares of American Financial Group from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Monday. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $136.75.

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.

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