Mesirow Financial Investment Management Equity Management held its stake in American Financial Group, Inc. (NYSE:AFG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,225 shares of the insurance provider’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in American Financial Group were worth $1,414,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teachers Advisors LLC raised its stake in American Financial Group by 8.2% in the fourth quarter. Teachers Advisors LLC now owns 119,925 shares of the insurance provider’s stock worth $10,568,000 after buying an additional 9,125 shares in the last quarter. Creative Planning raised its stake in American Financial Group by 3.1% in the first quarter. Creative Planning now owns 11,173 shares of the insurance provider’s stock worth $1,066,000 after buying an additional 336 shares in the last quarter. Capstone Asset Management Co. raised its stake in American Financial Group by 4.3% in the first quarter. Capstone Asset Management Co. now owns 9,889 shares of the insurance provider’s stock worth $944,000 after buying an additional 408 shares in the last quarter. Alpha Windward LLC bought a new stake in American Financial Group during the first quarter worth $487,000. Finally, Louisiana State Employees Retirement System raised its stake in American Financial Group by 2.8% in the first quarter. Louisiana State Employees Retirement System now owns 18,500 shares of the insurance provider’s stock worth $1,765,000 after buying an additional 500 shares in the last quarter. Institutional investors own 62.33% of the company’s stock.

American Financial Group, Inc. (NYSE AFG) opened at 105.28 on Thursday. American Financial Group, Inc. has a 12 month low of $73.38 and a 12 month high of $105.58. The firm has a market capitalization of $9.23 billion, a P/E ratio of 11.87 and a beta of 0.83. The stock’s 50 day moving average price is $101.11 and its 200-day moving average price is $96.86.

American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Tuesday, August 1st. The insurance provider reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.31. American Financial Group had a net margin of 11.89% and a return on equity of 11.66%. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.12 billion. During the same quarter last year, the company posted $1.28 EPS. The firm’s revenue was up 3.7% compared to the same quarter last year. Equities analysts forecast that American Financial Group, Inc. will post $6.80 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were given a $0.3125 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.25 annualized dividend and a yield of 1.19%. American Financial Group’s dividend payout ratio is presently 14.06%.

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AFG has been the subject of a number of analyst reports. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price for the company in a report on Monday, May 8th. BidaskClub upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $93.67.

In other American Financial Group news, CEO Carl H. Lindner III sold 8,263 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $98.61, for a total value of $814,814.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO S Craig Lindner sold 11,178 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $98.30, for a total transaction of $1,098,797.40. The disclosure for this sale can be found here. Insiders sold a total of 327,169 shares of company stock valued at $32,890,665 in the last three months. 14.90% of the stock is currently owned by corporate insiders.

American Financial Group Company Profile

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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