BidaskClub lowered shares of American Financial Group, Inc. (NYSE:AFG) from a buy rating to a hold rating in a research note issued to investors on Thursday, July 13th.

Separately, Zacks Investment Research downgraded American Financial Group from a buy rating to a hold rating in a research report on Tuesday, July 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $93.67.

Shares of American Financial Group (NYSE:AFG) traded up 0.21% during mid-day trading on Thursday, hitting $104.87. 454,168 shares of the stock were exchanged. American Financial Group has a 12 month low of $72.14 and a 12 month high of $105.13. The firm has a market cap of $9.19 billion, a P/E ratio of 11.82 and a beta of 0.83. The stock’s 50 day moving average is $100.56 and its 200 day moving average is $96.20.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.30 by $0.31. American Financial Group had a return on equity of 11.75% and a net margin of 11.89%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period last year, the business posted $1.28 EPS. American Financial Group’s quarterly revenue was up 3.7% on a year-over-year basis. Analysts expect that American Financial Group will post $6.73 EPS for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Friday, July 14th were issued a dividend of $0.3125 per share. This represents a $1.25 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, July 12th. American Financial Group’s dividend payout ratio (DPR) is 14.06%.

In related news, CEO Carl H. Lindner III sold 95,405 shares of American Financial Group stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $98.68, for a total value of $9,414,565.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Carl H. Lindner III sold 42,646 shares of American Financial Group stock in a transaction on Monday, June 5th. The shares were sold at an average price of $99.39, for a total value of $4,238,585.94. The disclosure for this sale can be found here. Insiders have sold 377,266 shares of company stock worth $37,680,881 in the last 90 days. Insiders own 13.70% of the company’s stock.

Several hedge funds have recently made changes to their positions in AFG. Victory Capital Management Inc. raised its stake in shares of American Financial Group by 1.8% in the second quarter. Victory Capital Management Inc. now owns 2,135,790 shares of the insurance provider’s stock valued at $212,234,000 after buying an additional 37,752 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of American Financial Group during the second quarter valued at $20,516,000. GAM Holding AG raised its stake in shares of American Financial Group by 45.2% in the second quarter. GAM Holding AG now owns 11,627 shares of the insurance provider’s stock valued at $1,155,000 after buying an additional 3,622 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of American Financial Group by 1.0% in the second quarter. State Board of Administration of Florida Retirement System now owns 122,203 shares of the insurance provider’s stock valued at $12,143,000 after buying an additional 1,250 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in shares of American Financial Group during the second quarter worth approximately $545,000. 62.33% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Company Profile

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

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