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

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

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in American Financial Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,287,861 shares of the insurance provider's stock worth $1,134,857,000 after purchasing an additional 99,560 shares during the last quarter. Geode Capital Management LLC lifted its position in American Financial Group by 2.7% during the fourth quarter. Geode Capital Management LLC now owns 1,595,346 shares of the insurance provider's stock worth $218,146,000 after buying an additional 42,139 shares during the period. Invesco Ltd. increased its stake in American Financial Group by 6.8% during the fourth quarter. Invesco Ltd. now owns 996,724 shares of the insurance provider's stock worth $136,481,000 after acquiring an additional 63,193 shares during the last quarter. Norges Bank acquired a new stake in American Financial Group during the 4th quarter valued at $122,419,000. Finally, Northern Trust Corp grew its stake in American Financial Group by 35.8% during the 4th quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider's stock valued at $109,827,000 after purchasing an additional 211,630 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Down 1.2%

AFG stock traded down $1.58 during trading on Tuesday, reaching $126.00. The stock had a trading volume of 609,123 shares, compared to its average volume of 419,974. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.34. The company's 50 day moving average is $124.51 and its two-hundred day moving average is $127.25. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 13.24 and a beta of 0.71.

American Financial Group (NYSE:AFG - Get Free Report) last posted its 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 firm had revenue of $1.58 billion during the quarter, compared to analysts' expectations of $1.74 billion. American Financial Group had a return on equity of 18.34% and a net margin of 9.66%. The business's revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.76 earnings per share. Equities research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th will be issued a $0.80 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 annualized dividend and a yield of 2.54%. American Financial Group's dividend payout ratio (DPR) is presently 33.61%.

Wall Street Analysts Forecast Growth

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

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.