World Asset Management Inc boosted its stake in shares of American Financial Group, Inc. (NYSE:AFG) by 1.1% during the second quarter, Holdings Channel reports. The firm owned 5,000 shares of the insurance provider’s stock after buying an additional 52 shares during the period. World Asset Management Inc’s holdings in American Financial Group were worth $497,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in AFG. Morgan Stanley raised its position in shares of American Financial Group by 82.9% in the first quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock valued at $21,662,000 after buying an additional 102,874 shares during the period. BTIM Corp. raised its position in shares of American Financial Group by 3.1% in the first quarter. BTIM Corp. now owns 105,104 shares of the insurance provider’s stock valued at $10,029,000 after buying an additional 3,198 shares during the period. Mackenzie Financial Corp raised its position in shares of American Financial Group by 0.5% in the first quarter. Mackenzie Financial Corp now owns 6,452 shares of the insurance provider’s stock valued at $616,000 after buying an additional 30 shares during the period. Creative Planning raised its position in shares of American Financial Group by 3.1% in the first quarter. Creative Planning now owns 11,173 shares of the insurance provider’s stock valued at $1,066,000 after buying an additional 336 shares during the period. Finally, BlackRock Inc. raised its position in shares of American Financial Group by 10,325.5% in the first quarter. BlackRock Inc. now owns 5,915,732 shares of the insurance provider’s stock valued at $564,476,000 after buying an additional 5,858,989 shares during the period. Hedge funds and other institutional investors own 62.33% of the company’s stock.

American Financial Group, Inc. (NYSE:AFG) opened at 104.26 on Friday. The stock’s 50 day moving average price is $101.23 and its 200 day moving average price is $96.91. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 11.75 and a beta of 0.83. American Financial Group, Inc. has a 12 month low of $73.38 and a 12 month high of $105.58.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Friday, July 14th were paid a dividend of $0.3125 per share. The ex-dividend date was Wednesday, July 12th. This represents a $1.25 annualized dividend and a yield of 1.20%. American Financial Group’s payout ratio is currently 14.06%.

WARNING: “World Asset Management Inc Purchases 52 Shares of American Financial Group, Inc. (NYSE:AFG)” was published by Daily Political and is the sole property of of Daily Political. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/11/world-asset-management-inc-purchases-52-shares-of-american-financial-group-inc-nyseafg.html.

AFG has been the topic of several recent research reports. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price objective on the stock in a research report on Monday, May 8th. BidaskClub lowered American Financial Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 24th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. American Financial Group currently has an average rating of “Buy” and a consensus price target of $93.67.

In other American Financial Group news, Director Terry S. Jacobs sold 1,059 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $99.21, for a total transaction of $105,063.39. Following the sale, the director now directly owns 3,359 shares of the company’s stock, valued at $333,246.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO S Craig Lindner sold 11,178 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $98.30, for a total value of $1,098,797.40. The disclosure for this sale can be found here. Insiders have sold 327,169 shares of company stock worth $32,890,665 over the last three months. 14.90% of the stock is currently owned by insiders.

About American Financial Group

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.

Want to see what other hedge funds are holding AFG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Financial Group, Inc. (NYSE:AFG).

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

Receive News & Ratings for American Financial Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Financial Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.