American Century Companies Inc. Has $12.01 Million Position in American Financial Group, Inc. (NYSE:AFG)

American Century Companies Inc. lifted its stake in American Financial Group, Inc. (NYSE:AFG) by 11.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 97,592 shares of the insurance provider’s stock after acquiring an additional 9,697 shares during the quarter. American Century Companies Inc. owned approximately 0.12% of American Financial Group worth $12,006,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Daiwa Securities Group Inc. increased its position in American Financial Group by 2.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 4,674 shares of the insurance provider’s stock worth $638,000 after purchasing an additional 100 shares during the last quarter. Diversified Trust Co lifted its stake in American Financial Group by 5.0% in the second quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock valued at $259,000 after acquiring an additional 100 shares during the last quarter. Blue Trust Inc. grew its position in American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in shares of American Financial Group by 2.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider’s stock worth $937,000 after purchasing an additional 136 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of American Financial Group by 3.7% during the 2nd quarter. QRG Capital Management Inc. now owns 3,939 shares of the insurance provider’s stock valued at $485,000 after purchasing an additional 141 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Amy Y. Murray acquired 1,200 shares of the stock in a transaction dated Friday, June 28th. The shares were acquired at an average price of $125.17 per share, for a total transaction of $150,204.00. Following the completion of the purchase, the director now owns 1,200 shares in the company, valued at approximately $150,204. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.50% of the company’s stock.

Analyst Ratings Changes

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

American Financial Group Trading Down 0.7 %

NYSE:AFG opened at $135.62 on Friday. The company’s 50 day moving average is $130.23 and its 200-day moving average is $129.18. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. American Financial Group, Inc. has a 12 month low of $105.22 and a 12 month high of $137.95. The firm has a market cap of $11.37 billion, a price-to-earnings ratio of 12.98 and a beta of 0.78.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.72 billion. During the same quarter last year, the firm posted $2.38 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts anticipate that American Financial Group, Inc. will post 10.96 EPS for the current year.

American Financial Group Dividend Announcement

The firm also recently announced 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 currently 27.18%.

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.