Hsbc Holdings PLC Purchases 852 Shares of American Financial Group, Inc. (NYSE:AFG)

Hsbc Holdings PLC raised its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 130,499 shares of the insurance provider’s stock after acquiring an additional 852 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of American Financial Group worth $16,053,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC raised its stake in American Financial Group by 16.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,113 shares of the insurance provider’s stock valued at $977,000 after purchasing an additional 1,131 shares during the period. Amalgamated Bank raised its position in shares of American Financial Group by 1.4% during the second quarter. Amalgamated Bank now owns 42,117 shares of the insurance provider’s stock valued at $5,181,000 after buying an additional 585 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of American Financial Group by 1.8% in the second quarter. Mutual of America Capital Management LLC now owns 78,791 shares of the insurance provider’s stock worth $9,693,000 after buying an additional 1,421 shares in the last quarter. Renaissance Technologies LLC bought a new position in shares of American Financial Group during the second quarter worth $1,501,000. Finally, Envestnet Asset Management Inc. grew its stake in 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 valued at $5,800,000 after acquiring an additional 2,556 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Stock Down 0.7 %

Shares of AFG opened at $135.62 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $11.37 billion, a price-to-earnings 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. The business’s 50 day simple moving average is $130.23 and its 200-day simple moving average is $129.18.

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

American Financial Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 15th were paid a dividend of $0.71 per share. The ex-dividend date was Monday, July 15th. This represents a $2.84 annualized dividend and a yield of 2.09%. American Financial Group’s payout ratio is currently 27.18%.

Analyst Ratings Changes

Separately, Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $144.00 to $137.00 in a research note on Friday, June 28th.

Insider Buying and Selling at American Financial Group

In related news, Director Amy Y. Murray bought 1,200 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were purchased at an average price of $125.17 per share, with a total value of $150,204.00. Following the transaction, the director now owns 1,200 shares in the company, valued at approximately $150,204. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 14.50% of the company’s stock.

American Financial Group Company 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.