Nisa Investment Advisors LLC Sells 2,377 Shares of American Financial Group, Inc. (NYSE:AFG)

Nisa Investment Advisors LLC decreased its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 4.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,248 shares of the insurance provider's stock after selling 2,377 shares during the period. Nisa Investment Advisors LLC owned approximately 0.06% of American Financial Group worth $6,337,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Sowell Financial Services LLC acquired a new stake in American Financial Group during the first quarter worth $282,000. Intech Investment Management LLC boosted its stake in American Financial Group by 57.1% during the fourth quarter. Intech Investment Management LLC now owns 38,623 shares of the insurance provider's stock worth $5,289,000 after buying an additional 14,045 shares in the last quarter. QRG Capital Management Inc. boosted its stake in American Financial Group by 10.5% during the first quarter. QRG Capital Management Inc. now owns 5,427 shares of the insurance provider's stock worth $713,000 after buying an additional 514 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in American Financial Group during the first quarter worth $1,014,000. Finally, Private Trust Co. NA boosted its stake in American Financial Group by 144.3% during the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider's stock worth $28,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company's stock.

American Financial Group Price Performance

Shares of NYSE AFG traded down $1.35 during midday trading on Friday, reaching $126.41. 394,388 shares of the company traded hands, compared to its average volume of 418,548. The firm 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 simple moving average is $124.51 and its 200-day simple moving average is $127.40. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share (EPS) 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 the consensus estimate of $1.74 billion. During the same period in the prior year, the firm earned $2.76 earnings per share. The business's quarterly revenue was down 2.6% compared to the same quarter last year. As a group, equities analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on AFG. Keefe, Bruyette & Woods lifted their price target on shares of American Financial Group from $125.00 to $127.00 and gave the stock a "market perform" rating in a research note on Wednesday. Wall Street Zen cut American Financial Group from a "hold" rating to a "sell" rating in a report on Saturday, June 21st.

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.