Mutual of America Capital Management LLC Sells 5,740 Shares of American Financial Group, Inc. (NYSE:AFG)

Mutual of America Capital Management LLC lessened its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 6.6% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,678 shares of the insurance provider's stock after selling 5,740 shares during the quarter. Mutual of America Capital Management LLC owned 0.10% of American Financial Group worth $10,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in AFG. Norges Bank bought a new stake in shares of American Financial Group in the fourth quarter worth $122,419,000. Voya Investment Management LLC increased its holdings in American Financial Group by 89.5% during the fourth quarter. Voya Investment Management LLC now owns 672,851 shares of the insurance provider's stock worth $92,134,000 after buying an additional 317,859 shares during the last quarter. Northern Trust Corp increased its holdings in American Financial Group by 35.8% during the fourth quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider's stock worth $109,827,000 after buying an additional 211,630 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in American Financial Group during the fourth quarter worth $20,675,000. Finally, First Trust Advisors LP increased its holdings in American Financial Group by 27.7% during the fourth quarter. First Trust Advisors LP now owns 684,178 shares of the insurance provider's stock worth $93,684,000 after buying an additional 148,259 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AFG. Wall Street Zen downgraded shares of American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st. Keefe, Bruyette & Woods upped 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 report on Wednesday, July 9th.

American Financial Group Trading Up 0.4%

NYSE:AFG traded up $0.56 on Thursday, reaching $125.98. 69,484 shares of the stock traded hands, compared to its average volume of 421,037. The firm has a market capitalization of $10.54 billion, a price-to-earnings ratio of 13.23 and a beta of 0.71. American Financial Group, Inc. has a 1-year low of $114.73 and a 1-year high of $150.19. 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's 50 day moving average is $124.48 and its 200-day moving average is $127.17.

American Financial Group (NYSE:AFG - Get Free Report) last posted 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). 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 period in the previous year, the business posted $2.76 EPS. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. Equities research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Tuesday, July 15th will be paid a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, July 15th. American Financial Group's payout ratio is 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.