Dimensional Fund Advisors LP Has $122.83 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Dimensional Fund Advisors LP decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 5.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 998,349 shares of the insurance provider’s stock after selling 57,018 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.19% of American Financial Group worth $122,831,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Crestline Management LP acquired a new position in shares of American Financial Group during the 4th quarter worth $2,972,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of American Financial Group by 13.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock worth $5,145,000 after purchasing an additional 4,420 shares during the last quarter. Hengehold Capital Management LLC increased its stake in shares of American Financial Group by 40.0% during the 1st quarter. Hengehold Capital Management LLC now owns 25,532 shares of the insurance provider’s stock worth $3,485,000 after purchasing an additional 7,295 shares during the last quarter. Vident Advisory LLC increased its stake in shares of American Financial Group by 360.7% during the 1st quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock worth $3,706,000 after purchasing an additional 21,261 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of American Financial Group by 3.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock worth $77,145,000 after purchasing an additional 18,945 shares during the last quarter. Institutional investors and hedge funds own 64.37% of the company’s stock.

American Financial Group Price Performance

NYSE AFG opened at $135.62 on Monday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34. The company has a fifty day simple moving average of $130.23 and a 200 day simple moving average of $129.18. The company has a market cap of $11.37 billion, a P/E ratio of 12.98 and a beta of 0.78. American Financial Group, Inc. has a 1 year low of $105.22 and a 1 year high of $137.95.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.45 by $0.11. The business had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. American Financial Group’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.38 EPS. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.96 EPS for the current year.

American Financial Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 15th were issued a $0.71 dividend. This represents a $2.84 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

Insider Buying and Selling at American Financial Group

In related news, Director Amy Y. Murray purchased 1,200 shares of American Financial Group stock in a transaction on Friday, June 28th. The stock was purchased at an average cost of $125.17 per share, with a total value of $150,204.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at $150,204. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 14.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered shares of American Financial Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $144.00 to $137.00 in a research note 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.