Bridges Investment Management Inc. Has $13.21 Million Holdings in American Financial Group, Inc. (NYSE:AFG)

Bridges Investment Management Inc. raised its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 42.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,595 shares of the insurance provider's stock after acquiring an additional 30,204 shares during the period. Bridges Investment Management Inc. owned approximately 0.12% of American Financial Group worth $13,212,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AFG. Jones Financial Companies Lllp raised its position in shares of American Financial Group by 91.2% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock valued at $71,000 after buying an additional 248 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of American Financial Group by 1.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 508,687 shares of the insurance provider's stock valued at $69,655,000 after buying an additional 5,572 shares in the last quarter. M&T Bank Corp raised its position in shares of American Financial Group by 5.9% in the fourth quarter. M&T Bank Corp now owns 2,837 shares of the insurance provider's stock valued at $389,000 after buying an additional 157 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of American Financial Group in the fourth quarter valued at approximately $5,127,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of American Financial Group in the fourth quarter valued at approximately $2,875,000. Institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on AFG. Wall Street Zen downgraded shares of American Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Keefe, Bruyette & Woods boosted their price objective on shares of American Financial Group from $125.00 to $127.00 and gave the company a "market perform" rating in a research report on Wednesday.

American Financial Group Price Performance

AFG traded down $1.35 during trading on Friday, hitting $126.41. 394,388 shares of the stock traded hands, compared to its average volume of 418,548. American Financial Group, Inc. has a twelve month low of $114.73 and a twelve month high of $150.19. The company has a market cap of $10.58 billion, a price-to-earnings ratio of 13.28 and a beta of 0.71. 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 has a 50 day moving average price of $124.51 and a 200 day moving average price of $127.40.

American Financial Group (NYSE:AFG - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.17 by ($0.36). The company had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.74 billion. American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The firm's quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the company posted $2.76 earnings per share. Equities research 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 business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. American Financial Group's dividend payout ratio (DPR) is presently 33.61%.

American Financial Group Company 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.