Vanguard Personalized Indexing Management LLC Purchases 1,131 Shares of American Financial Group, Inc. (NYSE:AFG)

Vanguard Personalized Indexing Management LLC raised its position in shares of American Financial Group, Inc. (NYSE:AFG) by 16.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,113 shares of the insurance provider’s stock after purchasing an additional 1,131 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in American Financial Group were worth $977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in AFG. UBS Group AG lifted its stake in American Financial Group by 1.8% in the fourth quarter. UBS Group AG now owns 110,503 shares of the insurance provider’s stock worth $13,138,000 after acquiring an additional 1,998 shares during the period. Wells Fargo & Company MN boosted its stake in shares of American Financial Group by 0.6% during the fourth quarter. Wells Fargo & Company MN now owns 78,387 shares of the insurance provider’s stock valued at $9,319,000 after purchasing an additional 460 shares in the last quarter. US Bancorp DE boosted its stake in shares of American Financial Group by 4.6% during the fourth quarter. US Bancorp DE now owns 10,505 shares of the insurance provider’s stock valued at $1,249,000 after purchasing an additional 461 shares in the last quarter. Commerce Bank increased its holdings in American Financial Group by 2.1% during the fourth quarter. Commerce Bank now owns 9,021 shares of the insurance provider’s stock valued at $1,073,000 after buying an additional 185 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its stake in American Financial Group by 5.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 32,792 shares of the insurance provider’s stock worth $3,899,000 after buying an additional 1,758 shares in the last quarter. 64.37% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group Trading Up 0.9 %

NYSE:AFG opened at $136.89 on Tuesday. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 13.10 and a beta of 0.78. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.95. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. The firm has a 50 day moving average of $130.43 and a 200 day moving average of $129.24.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share 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 firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter last year, the firm earned $2.38 EPS. The business’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts anticipate 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. Stockholders of record on Monday, July 15th were issued a dividend of $0.71 per share. The ex-dividend date was Monday, July 15th. This represents a $2.84 annualized dividend and a dividend yield of 2.07%. American Financial Group’s dividend payout ratio (DPR) is currently 27.18%.

Insider Activity at American Financial Group

In related news, Director Amy Y. Murray purchased 1,200 shares of the business’s stock in a transaction on 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 purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $150,204. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

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.