American Financial Group, Inc. (NYSE:AFG) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. grew its holdings in American Financial Group, Inc. (NYSE:AFG) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,541 shares of the insurance provider’s stock after buying an additional 321 shares during the quarter. Pacer Advisors Inc.’s holdings in American Financial Group were worth $1,543,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Daiwa Securities Group Inc. lifted its holdings in shares of 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 period. Diversified Trust Co lifted its holdings in shares of American Financial Group by 5.0% in the 2nd quarter. Diversified Trust Co now owns 2,105 shares of the insurance provider’s stock valued at $259,000 after buying an additional 100 shares during the period. Blue Trust Inc. lifted its holdings in shares of American Financial Group by 44.3% in the 2nd quarter. Blue Trust Inc. now owns 433 shares of the insurance provider’s stock valued at $59,000 after buying an additional 133 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings 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 buying an additional 136 shares during the period. Finally, QRG Capital Management Inc. raised its holdings in American Financial Group by 3.7% during the second quarter. QRG Capital Management Inc. now owns 3,939 shares of the insurance provider’s stock worth $485,000 after purchasing an additional 141 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

American Financial Group Stock Performance

Shares of AFG stock opened at $136.32 on Friday. The stock has a fifty day moving average price of $130.73 and a 200 day moving average price of $129.38. The stock has a market cap of $11.43 billion, a PE ratio of 13.04 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 company has a debt-to-equity ratio of 0.34, a quick ratio of 0.46 and a current ratio of 0.46.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.45 by $0.11. The company had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. American Financial Group’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.38 earnings per share. Sell-side analysts forecast that American Financial Group, Inc. will post 10.96 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Monday, July 15th were given a dividend of $0.71 per share. This represents a $2.84 annualized dividend and a yield of 2.08%. The ex-dividend date was Monday, July 15th. American Financial Group’s payout ratio is 27.18%.

Analysts Set New Price Targets

Separately, Citigroup cut American Financial Group from a “buy” rating to a “neutral” rating and reduced their price objective for the stock 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.