Skandinaviska Enskilda Banken AB publ Buys 1,144 Shares of American Financial Group, Inc. (NYSE:AFG)

Skandinaviska Enskilda Banken AB publ boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,460 shares of the insurance provider’s stock after acquiring an additional 1,144 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in American Financial Group were worth $2,271,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Daiwa Securities Group Inc. boosted 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 valued at $638,000 after buying an additional 100 shares during the last quarter. Diversified Trust Co raised its holdings in American Financial Group by 5.0% during the 2nd quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock worth $259,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. lifted its position in American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after purchasing an additional 133 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in shares of American Financial Group by 2.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,882 shares of the insurance provider’s stock valued at $937,000 after purchasing an additional 136 shares during the last quarter. Finally, QRG Capital Management Inc. grew its position 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 worth $485,000 after buying an additional 141 shares during the period. 64.37% of the stock is owned by institutional investors.

American Financial Group Price Performance

Shares of AFG opened at $136.89 on Tuesday. The stock has a market cap of $11.48 billion, a P/E ratio of 13.10 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 stock’s 50-day moving average price is $130.43 and its two-hundred day moving average price is $129.24. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data 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. The firm had revenue of $1.90 billion during the quarter, compared to analysts’ expectations of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.38 earnings per share. On average, equities analysts predict that American Financial Group, Inc. will post 10.96 earnings per share for the current year.

American Financial Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were paid a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.07%. The ex-dividend date was Monday, July 15th. American Financial Group’s payout ratio is presently 27.18%.

Insiders Place Their Bets

In other American Financial Group news, Director Amy Y. Murray purchased 1,200 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were bought at an average price of $125.17 per share, with a total value of $150,204.00. Following the completion of the transaction, the director now directly owns 1,200 shares in the company, valued at approximately $150,204. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 14.50% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.