Victory Capital Management Inc. Sells 980,431 Shares of American Financial Group, Inc. (NYSE:AFG)

Victory Capital Management Inc. decreased its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 29.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,369,886 shares of the insurance provider's stock after selling 980,431 shares during the quarter. Victory Capital Management Inc. owned 2.83% of American Financial Group worth $311,261,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the company. Norges Bank bought a new stake in American Financial Group during the 4th quarter valued at $122,419,000. Voya Investment Management LLC raised its position in shares of American Financial Group by 89.5% in 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 in the last quarter. Northern Trust Corp raised its position in shares of American Financial Group by 35.8% in 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 in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of American Financial Group in the fourth quarter worth $20,675,000. Finally, First Trust Advisors LP raised its position 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 buying an additional 148,259 shares in the last quarter. Institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

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

American Financial Group Trading Up 0.1%

Shares of NYSE AFG traded up $0.18 during trading hours on Friday, hitting $127.52. The company's stock had a trading volume of 71,196 shares, compared to its average volume of 421,758. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 13.40 and a beta of 0.71. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. The business has a 50-day simple moving average of $124.58 and a 200-day simple moving average of $127.11.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The business's revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.76 earnings per share. On average, analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

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 issued a dividend of $0.80 per share. The ex-dividend date is Tuesday, July 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.51%. 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.