Focus Partners Advisor Solutions LLC Has $300,000 Stake in American Financial Group, Inc. $AFG

Focus Partners Advisor Solutions LLC decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 28.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,381 shares of the insurance provider’s stock after selling 930 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in American Financial Group were worth $300,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AFG. Charles Schwab Investment Management Inc. increased its stake in shares of American Financial Group by 395.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,520,714 shares of the insurance provider’s stock valued at $331,071,000 after buying an additional 2,012,027 shares during the period. AQR Capital Management LLC increased its position in American Financial Group by 240.0% during the 1st quarter. AQR Capital Management LLC now owns 585,841 shares of the insurance provider’s stock valued at $76,821,000 after purchasing an additional 413,516 shares during the period. Nuveen LLC acquired a new stake in American Financial Group during the 1st quarter valued at approximately $30,442,000. Millennium Management LLC boosted its holdings in shares of American Financial Group by 166.7% during the 1st quarter. Millennium Management LLC now owns 280,012 shares of the insurance provider’s stock worth $36,777,000 after buying an additional 175,015 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of American Financial Group by 112.5% during the 1st quarter. Ameriprise Financial Inc. now owns 327,621 shares of the insurance provider’s stock worth $43,030,000 after buying an additional 173,452 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Up 0.4%

Shares of AFG opened at $131.57 on Friday. The business has a 50-day moving average of $138.52 and a 200 day moving average of $130.46. American Financial Group, Inc. has a fifty-two week low of $114.73 and a fifty-two week high of $150.19. The firm has a market cap of $10.97 billion, a P/E ratio of 14.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.47.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 5th. The insurance provider reported $2.14 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.06. American Financial Group had a return on equity of 17.41% and a net margin of 9.21%.The company had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter last year, the firm posted $2.56 EPS. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts forecast that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 24th. Shareholders of record on Wednesday, October 15th were issued a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, October 15th. This is a boost from American Financial Group’s previous quarterly dividend of $0.80. American Financial Group’s payout ratio is presently 38.68%.

Wall Street Analyst Weigh In

AFG has been the topic of a number of recent research reports. Wall Street Zen upgraded American Financial Group from a “sell” rating to a “hold” rating in a report on Saturday, September 13th. Jefferies Financial Group raised their price objective on American Financial Group from $125.00 to $130.00 and gave the company a “hold” rating in a research note on Monday, August 11th. Weiss Ratings restated a “hold (c+)” rating on shares of American Financial Group in a research note on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods lowered their target price on American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 12th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, American Financial Group presently has a consensus rating of “Hold” and a consensus price target of $136.75.

Insiders Place Their Bets

In other American Financial Group news, Director Stephen Craig Lindner, Jr. sold 10,000 shares of American Financial Group stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $134.31, for a total transaction of $1,343,100.00. Following the completion of the transaction, the director owned 326,730 shares of the company’s stock, valued at $43,883,106.30. The trade was a 2.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.40% of the stock is owned by insiders.

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.