American Financial Group, Inc. (NYSE:AFG) Position Trimmed by ProShare Advisors LLC

ProShare Advisors LLC decreased its holdings in shares of American Financial Group, Inc. (NYSE:AFG) by 1.7% in the 4th quarter, Holdings Channel reports. The firm owned 254,071 shares of the insurance provider’s stock after selling 4,270 shares during the quarter. ProShare Advisors LLC’s holdings in American Financial Group were worth $34,790,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in the business. Quantinno Capital Management LP increased its stake in American Financial Group by 56.6% during the fourth quarter. Quantinno Capital Management LP now owns 7,938 shares of the insurance provider’s stock valued at $1,087,000 after purchasing an additional 2,869 shares during the last quarter. Nomura Holdings Inc. bought a new stake in American Financial Group during the fourth quarter valued at $1,312,000. NorthRock Partners LLC bought a new stake in American Financial Group during the fourth quarter valued at $496,000. OMERS ADMINISTRATION Corp increased its stake in American Financial Group by 3.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 18,673 shares of the insurance provider’s stock valued at $2,557,000 after purchasing an additional 704 shares during the last quarter. Finally, Measured Risk Portfolios Inc. bought a new stake in American Financial Group during the fourth quarter valued at $73,000. Institutional investors own 64.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their target price on shares of American Financial Group from $126.00 to $125.00 and set a “market perform” rating for the company in a research note on Friday, May 9th.

Insider Buying and Selling

In related news, Director Gregory G. Joseph acquired 3,000 shares of American Financial Group stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of $121.00 per share, with a total value of $363,000.00. Following the completion of the acquisition, the director now directly owns 57,477 shares of the company’s stock, valued at $6,954,717. This trade represents a 5.51% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 17.40% of the company’s stock.

American Financial Group Stock Up 1.7%

American Financial Group stock opened at $124.13 on Friday. The company has a 50-day simple moving average of $126.14 and a 200-day simple moving average of $131.58. The firm has a market capitalization of $10.39 billion, a P/E ratio of 11.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19.

American Financial Group (NYSE:AFG) last released its quarterly earnings results on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). The firm had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.74 billion. American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.76 EPS. As a group, equities analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Tuesday, April 15th were issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.58%. The ex-dividend date was Tuesday, April 15th. American Financial Group’s payout ratio is currently 33.61%.

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.