Dimensional Fund Advisors LP Sells 57,018 Shares of American Financial Group, Inc. (NYSE:AFG)

Dimensional Fund Advisors LP trimmed its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 5.4% in the second quarter, Holdings Channel.com reports. The fund owned 998,349 shares of the insurance provider’s stock after selling 57,018 shares during the quarter. Dimensional Fund Advisors LP’s holdings in American Financial Group were worth $122,831,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AFG. Innealta Capital LLC bought a new position in shares of American Financial Group during the 2nd quarter worth about $30,000. Headlands Technologies LLC bought a new position in shares of American Financial Group during the 2nd quarter worth about $38,000. Covestor Ltd lifted its holdings in shares of American Financial Group by 402.3% during the 1st quarter. Covestor Ltd now owns 432 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 346 shares during the period. Blue Trust Inc. lifted its holdings in shares of American Financial Group by 44.3% during the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock worth $59,000 after acquiring an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC lifted its holdings in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 523 shares during the period. 64.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut shares of American Financial Group from a “buy” rating to a “neutral” rating and dropped 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 %

Shares of American Financial Group stock opened at $135.62 on Monday. The stock has a market capitalization of $11.37 billion, a P/E ratio of 12.98 and a beta of 0.78. 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 company has a 50-day simple moving average of $130.23 and a 200 day simple moving average of $129.18. American Financial Group, Inc. has a 12-month low of $105.22 and a 12-month 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 for the quarter, beating the consensus estimate 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 company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company posted $2.38 EPS. Research 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 given a $0.71 dividend. This represents a $2.84 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s payout ratio is presently 27.18%.

Insider Buying and Selling at American Financial Group

In related news, Director Amy Y. Murray acquired 1,200 shares of the stock in a transaction on Friday, June 28th. The stock was purchased at an average price of $125.17 per share, for a total transaction of $150,204.00. Following the transaction, the director now owns 1,200 shares of the company’s stock, valued at approximately $150,204. The acquisition was disclosed in a filing with the SEC, which is available through this link. Corporate 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.