Mutual of America Capital Management LLC Has $9.69 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Mutual of America Capital Management LLC raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 1.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,791 shares of the insurance provider’s stock after purchasing an additional 1,421 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.09% of American Financial Group worth $9,693,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Renaissance Technologies LLC acquired a new stake in shares of American Financial Group during the second quarter worth $1,501,000. Envestnet Asset Management Inc. lifted its holdings in shares of American Financial Group by 5.7% during the second quarter. Envestnet Asset Management Inc. now owns 47,143 shares of the insurance provider’s stock worth $5,800,000 after buying an additional 2,556 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of American Financial Group by 2.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 7,073 shares of the insurance provider’s stock worth $864,000 after buying an additional 191 shares in the last quarter. Vest Financial LLC lifted its holdings in shares of American Financial Group by 39.4% during the second quarter. Vest Financial LLC now owns 8,711 shares of the insurance provider’s stock worth $1,072,000 after buying an additional 2,460 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its holdings in shares of American Financial Group by 0.4% during the second quarter. Johnson Investment Counsel Inc. now owns 576,174 shares of the insurance provider’s stock worth $70,881,000 after buying an additional 2,389 shares in the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Transactions at American Financial Group

In other news, Director Amy Y. Murray purchased 1,200 shares of American Financial Group stock in a transaction dated Friday, June 28th. The shares were bought at an average cost of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $150,204. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 14.50% of the company’s stock.

American Financial Group Stock Down 0.7 %

Shares of NYSE AFG opened at $135.54 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.95. The stock has a market capitalization of $11.37 billion, a P/E ratio of 12.97 and a beta of 0.78. The stock’s fifty day moving average is $129.79 and its 200 day moving average is $129.05.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, topping analysts’ consensus estimates of $2.45 by $0.11. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the business earned $2.38 earnings per share. American Financial Group’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts forecast that American Financial Group, Inc. will post 10.96 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Monday, July 15th were issued a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Monday, July 15th. American Financial Group’s dividend payout ratio (DPR) is currently 27.18%.

Wall Street Analyst Weigh In

Separately, Citigroup downgraded American Financial Group from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $144.00 to $137.00 in a report on Friday, June 28th.

About American Financial Group

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.