Xponance Inc. Has $1.30 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Xponance Inc. trimmed its position in American Financial Group, Inc. (NYSE:AFG) by 6.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,602 shares of the insurance provider’s stock after selling 787 shares during the quarter. Xponance Inc.’s holdings in American Financial Group were worth $1,304,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crestline Management LP acquired a new stake in shares of American Financial Group during the 4th quarter worth approximately $2,972,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in American Financial Group by 13.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock worth $5,145,000 after acquiring an additional 4,420 shares during the period. Hengehold Capital Management LLC raised its position in shares of American Financial Group by 40.0% during the 1st quarter. Hengehold Capital Management LLC now owns 25,532 shares of the insurance provider’s stock valued at $3,485,000 after acquiring an additional 7,295 shares during the last quarter. Vident Advisory LLC lifted its stake in shares of American Financial Group by 360.7% in the 1st quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock valued at $3,706,000 after purchasing an additional 21,261 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of American Financial Group by 3.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 648,878 shares of the insurance provider’s stock worth $77,145,000 after purchasing an additional 18,945 shares during the last quarter. 64.37% of the stock is owned by institutional investors.

American Financial Group Stock Down 0.9 %

Shares of NYSE AFG opened at $135.10 on Friday. American Financial Group, Inc. has a 52-week low of $105.22 and a 52-week 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. The stock has a market cap of $11.33 billion, a P/E ratio of 12.93 and a beta of 0.78. The firm has a 50 day moving average price of $130.93 and a 200 day moving average price of $129.42.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, beating analysts’ consensus estimates of $2.45 by $0.11. The business 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 firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.38 EPS. Analysts expect that American Financial Group, Inc. will post 10.96 EPS for the current year.

American Financial Group Dividend Announcement

The firm 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. This represents a $2.84 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Monday, July 15th. American Financial Group’s dividend payout ratio (DPR) is presently 27.18%.

Wall Street Analyst Weigh In

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

About American Financial Group

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.