Wright Investors Service Inc. reduced its holdings in American Financial Group, Inc. (NYSE:AFG) by 13.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,090 shares of the insurance provider’s stock after selling 770 shares during the period. Wright Investors Service Inc.’s holdings in American Financial Group were worth $527,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Acrospire Investment Management LLC lifted its stake in American Financial Group by 153.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 800 shares in the last quarter. Bessemer Group Inc. purchased a new stake in American Financial Group in the 2nd quarter worth about $155,000. TLP Group LLC purchased a new stake in American Financial Group in the 2nd quarter worth about $194,000. ETRADE Capital Management LLC purchased a new stake in American Financial Group in the 2nd quarter worth about $216,000. Finally, Public Employees Retirement Association of Colorado lifted its stake in American Financial Group by 1.9% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock worth $220,000 after acquiring an additional 42 shares in the last quarter. 62.49% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Michelle A. Gillis sold 2,051 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $104.88, for a total transaction of $215,108.88. Following the completion of the transaction, the insider now directly owns 17,939 shares of the company’s stock, valued at $1,881,442.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO S Craig Lindner sold 25,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $104.27, for a total value of $2,606,750.00. The disclosure for this sale can be found here. 13.70% of the stock is owned by corporate insiders.

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American Financial Group, Inc. (AFG) traded down 3.60% during midday trading on Wednesday, hitting $101.69. The stock had a trading volume of 272,564 shares. The stock has a 50-day moving average of $103.84 and a 200-day moving average of $100.96. American Financial Group, Inc. has a 52 week low of $73.38 and a 52 week high of $106.52. The firm has a market cap of $8.95 billion, a P/E ratio of 11.46 and a beta of 0.84.

American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. American Financial Group had a return on equity of 11.66% and a net margin of 11.89%. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. During the same period in the previous year, the firm earned $1.51 earnings per share. The company’s revenue was up 9.3% on a year-over-year basis. Analysts forecast that American Financial Group, Inc. will post $6.00 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, October 13th were given a dividend of $0.35 per share. This is a boost from American Financial Group’s previous quarterly dividend of $0.31. This represents a $1.40 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, October 12th. American Financial Group’s dividend payout ratio is currently 15.75%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Buckingham Research assumed coverage on American Financial Group in a research note on Monday, September 11th. They set a “neutral” rating and a $103.00 price target for the company. Finally, BidaskClub downgraded American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $100.67.

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.

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

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