Royal Bank of Canada decreased its position in American Financial Group, Inc. (NYSE:AFG) by 6.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 335,393 shares of the insurance provider’s stock after selling 22,157 shares during the quarter. Royal Bank of Canada owned approximately 0.38% of American Financial Group worth $33,328,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in shares of American Financial Group by 35.0% in the second quarter. Goldman Sachs Group Inc. now owns 913,932 shares of the insurance provider’s stock valued at $90,817,000 after purchasing an additional 237,195 shares during the period. Picton Mahoney Asset Management raised its position in shares of American Financial Group by 4.4% in the second quarter. Picton Mahoney Asset Management now owns 143,375 shares of the insurance provider’s stock valued at $14,248,000 after purchasing an additional 6,000 shares during the period. Numeric Investors LLC bought a new position in shares of American Financial Group in the second quarter valued at approximately $686,000. Brandywine Global Investment Management LLC raised its position in shares of American Financial Group by 2.0% in the second quarter. Brandywine Global Investment Management LLC now owns 172,849 shares of the insurance provider’s stock valued at $17,177,000 after purchasing an additional 3,418 shares during the period. Finally, Virtu KCG Holdings LLC raised its position in shares of American Financial Group by 39.6% in the second quarter. Virtu KCG Holdings LLC now owns 3,868 shares of the insurance provider’s stock valued at $384,000 after purchasing an additional 1,097 shares during the period. 62.33% of the stock is currently owned by institutional investors.

A number of research firms have recently commented on AFG. Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. Buckingham Research began coverage on shares of American Financial Group in a research report on Monday, September 11th. They issued a “neutral” rating and a $103.00 price target on the stock. Finally, BidaskClub lowered shares of American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $100.67.

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In other news, CEO S Craig Lindner sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total transaction of $2,606,750.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Michelle A. Gillis sold 2,051 shares of the company’s stock in a transaction that occurred on Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total value of $215,108.88. Following the sale, the insider now owns 17,939 shares in the company, valued at approximately $1,881,442.32. The disclosure for this sale can be found here. Corporate insiders own 14.90% of the company’s stock.

American Financial Group, Inc. (NYSE AFG) opened at 105.66 on Friday. American Financial Group, Inc. has a 52-week low of $73.38 and a 52-week high of $106.44. The company has a market cap of $9.30 billion, a price-to-earnings ratio of 11.91 and a beta of 0.84. The stock has a 50 day moving average of $101.77 and a 200-day moving average of $99.63.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, August 1st. The insurance provider reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.30 by $0.31. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter in the prior year, the business posted $1.28 EPS. The business’s revenue was up 3.7% compared to the same quarter last year. On average, analysts forecast that American Financial Group, Inc. will post $6.19 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Friday, October 13th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.33%. This is a boost from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s dividend payout ratio is currently 14.06%.

About American Financial Group

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.

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

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