Comerica Bank trimmed its holdings in shares of American Financial Group Inc (NYSE:AFG) by 14.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 45,316 shares of the insurance provider’s stock after selling 7,964 shares during the period. Comerica Bank owned approximately 0.05% of American Financial Group worth $4,606,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AFG. CX Institutional grew its holdings in American Financial Group by 2.0% during the third quarter. CX Institutional now owns 22,864 shares of the insurance provider’s stock worth $2,537,000 after acquiring an additional 450 shares during the period. State Treasurer State of Michigan grew its holdings in American Financial Group by 2.0% during the second quarter. State Treasurer State of Michigan now owns 25,590 shares of the insurance provider’s stock worth $2,747,000 after acquiring an additional 500 shares during the period. Baird Financial Group Inc. grew its holdings in American Financial Group by 1.6% during the second quarter. Baird Financial Group Inc. now owns 34,693 shares of the insurance provider’s stock worth $3,724,000 after acquiring an additional 550 shares during the period. MetLife Investment Advisors LLC grew its holdings in American Financial Group by 1.3% during the second quarter. MetLife Investment Advisors LLC now owns 43,599 shares of the insurance provider’s stock worth $4,679,000 after acquiring an additional 556 shares during the period. Finally, Louisiana State Employees Retirement System grew its holdings in American Financial Group by 3.3% during the second quarter. Louisiana State Employees Retirement System now owns 18,700 shares of the insurance provider’s stock worth $2,007,000 after acquiring an additional 600 shares during the period. 62.01% of the stock is currently owned by institutional investors.

NYSE:AFG opened at $103.15 on Friday. The stock has a market cap of $9.31 billion, a P/E ratio of 11.79, a PEG ratio of 0.97 and a beta of 0.84. American Financial Group Inc has a 52-week low of $98.22 and a 52-week high of $121.69. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.31. American Financial Group had a return on equity of 15.39% and a net margin of 9.98%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company earned $1.06 earnings per share. American Financial Group’s revenue was up 4.7% compared to the same quarter last year. Sell-side analysts anticipate that American Financial Group Inc will post 8.6 earnings per share for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Monday, November 26th. Investors of record on Friday, November 16th will be given a $1.50 dividend. The ex-dividend date is Thursday, November 15th. American Financial Group’s dividend payout ratio (DPR) is 24.43%.

In related news, CEO Carl H. Lindner III sold 181,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $113.49, for a total value of $20,541,690.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.90% of the company’s stock.

A number of research analysts recently issued reports on the company. Zacks Investment Research lowered American Financial Group from a “hold” rating to a “sell” rating in a report on Monday, October 15th. ValuEngine lowered American Financial Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. American Financial Group currently has a consensus rating of “Hold” and a consensus target price of $118.67.

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American Financial Group Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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