Pacer Advisors Inc. Has $456,000 Stake in American Financial Group, Inc. (NYSE:AFG)

Key Points

• Pacer Advisors Inc. reduced its stake in American Financial Group by 67.1%, owning 3,470 shares valued at $456,000 by the end of the recent quarter.
• American Financial Group's stock price fell by 2.0% to $122.40, with a current market cap of $10.24 billion and a PE ratio of 12.86.
• The company reported $1.81 earnings per share for the last quarter, which missed estimates, along with a quarterly revenue decline of 2.6% year-over-year.

Pacer Advisors Inc. cut its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 67.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,470 shares of the insurance provider's stock after selling 7,066 shares during the period. Pacer Advisors Inc.'s holdings in American Financial Group were worth $456,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of 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 purchasing an additional 42,139 shares during the last quarter. Invesco Ltd. grew its holdings in American Financial Group by 6.8% during the 4th 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. Northern Trust Corp increased its position in American Financial Group by 35.8% in the 4th quarter. Northern Trust Corp now owns 802,069 shares of the insurance provider's stock valued at $109,827,000 after acquiring an additional 211,630 shares in the last quarter. First Trust Advisors LP raised its stake in shares of American Financial Group by 27.7% in the fourth quarter. First Trust Advisors LP now owns 684,178 shares of the insurance provider's stock worth $93,684,000 after acquiring an additional 148,259 shares during the last quarter. Finally, Voya Investment Management LLC lifted its position in shares of 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 purchasing an additional 317,859 shares in the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Trading Down 2.0%

Shares of American Financial Group stock traded down $2.50 on Friday, hitting $122.40. 601,005 shares of the company's stock traded hands, compared to its average volume of 452,874. The firm's 50-day moving average price is $125.03 and its two-hundred day moving average price is $126.46. 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 stock has a market capitalization of $10.24 billion, a PE ratio of 12.86 and a beta of 0.74. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share for the quarter, missing the consensus estimate of $2.17 by ($0.36). The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.74 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The company's quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. On average, research analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Investors of record on Tuesday, July 15th were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group's dividend payout ratio (DPR) is presently 33.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AFG shares. Keefe, Bruyette & Woods boosted their price objective on shares of 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. Wall Street Zen lowered American Financial Group from a "hold" rating to a "sell" rating in a research note 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.