BlackRock Inc. cut its stake in shares of American Financial Group Inc (NYSE:AFG) by 3.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,369,130 shares of the insurance provider’s stock after selling 307,910 shares during the quarter. BlackRock Inc. owned approximately 0.09% of American Financial Group worth $805,196,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of AFG. Oregon Public Employees Retirement Fund grew its holdings in shares of American Financial Group by 8,953.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,456,350 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 2,429,217 shares during the last quarter. Brand Asset Management Group Inc. bought a new position in American Financial Group in the 1st quarter worth approximately $30,000. Oppenheimer Asset Management Inc. bought a new position in American Financial Group in the 4th quarter worth approximately $37,000. Fort L.P. bought a new position in American Financial Group in the 4th quarter worth approximately $46,000. Finally, Quadrant Capital Group LLC grew its holdings in American Financial Group by 3,170.6% in the 1st quarter. Quadrant Capital Group LLC now owns 556 shares of the insurance provider’s stock worth $53,000 after buying an additional 539 shares in the last quarter. 63.18% of the stock is owned by institutional investors.

Separately, ValuEngine raised American Financial Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 29th.

Shares of AFG stock opened at $98.20 on Monday. American Financial Group Inc has a 12-month low of $84.18 and a 12-month high of $115.00. The company has a market capitalization of $8.81 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.85 and a beta of 0.89. 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 (NYSE:AFG) last issued its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.03). American Financial Group had a return on equity of 13.90% and a net margin of 9.45%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the company earned $2.42 earnings per share. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. Equities research analysts forecast that American Financial Group Inc will post 8.67 EPS for the current fiscal year.

The firm also recently disclosed a special dividend, which was paid on Tuesday, May 28th. Investors of record on Wednesday, May 15th were issued a $1.50 dividend. This represents a yield of 1.56%. The ex-dividend date was Tuesday, May 14th. American Financial Group’s dividend payout ratio (DPR) is 19.05%.

In related news, CEO Carl H. Lindner III sold 83,436 shares of the stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $98.06, for a total value of $8,181,734.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James E. Evans sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $98.77, for a total value of $197,540.00. Following the completion of the transaction, the director now directly owns 132,309 shares of the company’s stock, valued at $13,068,159.93. The disclosure for this sale can be found here. Insiders sold a total of 404,642 shares of company stock valued at $40,591,372 over the last three months. Corporate insiders own 11.90% of the company’s stock.

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American Financial Group Company Profile

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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