Envestnet Asset Management Inc. Acquires 5,799 Shares of American Financial Group, Inc. (NYSE:AFG)

Envestnet Asset Management Inc. increased its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 59,633 shares of the insurance provider's stock after purchasing an additional 5,799 shares during the quarter. Envestnet Asset Management Inc. owned 0.07% of American Financial Group worth $7,832,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Astoria Portfolio Advisors LLC. increased its position in American Financial Group by 4.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 1,727 shares of the insurance provider's stock valued at $222,000 after acquiring an additional 81 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in shares of 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 purchasing an additional 100 shares during the period. Utah Retirement Systems grew 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 valued at $1,632,000 after purchasing an additional 100 shares during the last quarter. Private Trust Co. NA raised its position in American Financial Group by 144.3% in 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 period. Finally, Johnson Financial Group Inc. raised its position in American Financial Group by 4.9% in 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. Hedge funds and other institutional investors own 64.37% of the company's stock.

American Financial Group Trading Down 1.5%

Shares of American Financial Group stock traded down $1.93 on Thursday, hitting $126.46. 157,564 shares of the company traded hands, compared to its average volume of 506,174. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. The company has a market cap of $10.58 billion, a PE ratio of 13.28 and a beta of 0.71. The stock's 50 day moving average price is $124.95 and its 200-day moving average price is $126.87. 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 released its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The firm had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.74 billion. During the same quarter in the previous year, the business earned $2.76 earnings per share. The company's revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Tuesday, July 15th will be paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date of this dividend is Tuesday, July 15th. American Financial Group's dividend payout ratio (DPR) is presently 33.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their price target on American Financial Group from $125.00 to $127.00 and gave the stock a "market perform" rating in a research note on Wednesday, July 9th. Wall Street Zen downgraded American Financial Group from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st.

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.