Nisa Investment Advisors LLC Has $6.34 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Nisa Investment Advisors LLC decreased its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 4.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,248 shares of the insurance provider’s stock after selling 2,377 shares during the period. Nisa Investment Advisors LLC owned 0.06% of American Financial Group worth $6,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Slagle Financial LLC increased its stake in shares of American Financial Group by 2.9% in the 1st quarter. Slagle Financial LLC now owns 13,508 shares of the insurance provider’s stock valued at $1,774,000 after acquiring an additional 375 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of American Financial Group by 12.1% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,508 shares of the insurance provider’s stock valued at $1,117,000 after acquiring an additional 921 shares during the last quarter. M&T Bank Corp increased its stake in shares of American Financial Group by 6.4% in the 1st quarter. M&T Bank Corp now owns 3,019 shares of the insurance provider’s stock valued at $396,000 after acquiring an additional 182 shares during the last quarter. Values First Advisors Inc. increased its stake in shares of American Financial Group by 2.3% in the 1st quarter. Values First Advisors Inc. now owns 14,902 shares of the insurance provider’s stock valued at $1,955,000 after acquiring an additional 340 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of American Financial Group by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 59,633 shares of the insurance provider’s stock valued at $7,832,000 after acquiring an additional 5,799 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Trading Down 1.1%

NYSE AFG opened at $126.41 on Friday. The company has a market cap of $10.58 billion, a PE ratio of 13.28 and a beta of 0.71. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.34. American Financial Group, Inc. has a 12 month low of $114.73 and a 12 month high of $150.19. The stock has a 50 day moving average of $124.51 and a 200-day moving average of $127.40.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 earnings per share for the quarter, missing analysts’ consensus estimates of $2.17 by ($0.36). American Financial Group had a net margin of 9.66% and a return on equity of 18.34%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the company posted $2.76 EPS. The firm’s revenue was down 2.6% on a year-over-year basis. On average, equities research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Tuesday, July 15th will be given a dividend of $0.80 per share. The ex-dividend date of this dividend is Tuesday, July 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.53%. American Financial Group’s payout ratio is 33.61%.

Analyst Ratings Changes

A number of analysts have recently commented on AFG shares. Wall Street Zen cut American Financial Group from a “hold” rating to a “sell” rating in a research note on Saturday, June 21st. Keefe, Bruyette & Woods boosted their price objective on American Financial Group from $125.00 to $127.00 and gave the company a “market perform” rating in a research report on Wednesday.

American Financial Group 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.