Comerica Bank lowered its position in American Financial Group Inc (NYSE:AFG) by 1.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,416 shares of the insurance provider’s stock after selling 694 shares during the period. Comerica Bank’s holdings in American Financial Group were worth $4,397,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its holdings in shares of American Financial Group by 11.4% in the fourth quarter. BlackRock Inc. now owns 8,677,040 shares of the insurance provider’s stock worth $785,533,000 after acquiring an additional 889,758 shares during the period. Vanguard Group Inc grew its holdings in shares of American Financial Group by 1.0% in the third quarter. Vanguard Group Inc now owns 7,116,486 shares of the insurance provider’s stock worth $789,716,000 after acquiring an additional 73,729 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of American Financial Group by 8,953.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,456,350 shares of the insurance provider’s stock worth $27,000 after acquiring an additional 2,429,217 shares during the period. Victory Capital Management Inc. grew its holdings in shares of American Financial Group by 5.2% in the fourth quarter. Victory Capital Management Inc. now owns 2,204,941 shares of the insurance provider’s stock worth $199,613,000 after acquiring an additional 109,007 shares during the period. Finally, LSV Asset Management grew its holdings in shares of American Financial Group by 1.4% in the fourth quarter. LSV Asset Management now owns 1,268,863 shares of the insurance provider’s stock worth $114,870,000 after acquiring an additional 17,826 shares during the period. 64.29% of the stock is owned by institutional investors.

In other American Financial Group news, VP Vito C. Peraino sold 1,254 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $96.21, for a total transaction of $120,647.34. Following the completion of the sale, the vice president now owns 79,847 shares of the company’s stock, valued at $7,682,079.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Evans sold 8,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were sold at an average price of $99.17, for a total value of $793,360.00. Following the sale, the director now directly owns 137,309 shares of the company’s stock, valued at approximately $13,616,933.53. The disclosure for this sale can be found here. Insiders have sold 360,642 shares of company stock valued at $36,162,192 in the last three months. 11.90% of the stock is currently owned by corporate insiders.

Shares of AFG opened at $99.28 on Thursday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.15 and a quick ratio of 0.15. American Financial Group Inc has a one year low of $84.18 and a one year high of $115.00. The firm has a market capitalization of $8.99 billion, a P/E ratio of 11.82, a PEG ratio of 1.89 and a beta of 0.90.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, May 1st. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.05 by ($0.03). American Financial Group had a net margin of 9.45% and a return on equity of 13.90%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm posted $2.42 EPS. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts predict that American Financial Group Inc will post 8.67 EPS for the current fiscal year.

The business also recently declared a special dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $1.50 per share. This represents a yield of 1.56%. The ex-dividend date is Tuesday, May 14th. American Financial Group’s dividend payout ratio is presently 19.05%.

Separately, Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd.

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About American Financial Group

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. 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; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 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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