Raymond James Financial Services Advisors Inc. grew its stake in American Financial Group, Inc. (NYSE:AFG) by 3.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,979 shares of the insurance provider’s stock after acquiring an additional 198 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in American Financial Group were worth $594,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in AFG. Bank of Montreal Can boosted its position in shares of American Financial Group by 344.2% in the 2nd quarter. Bank of Montreal Can now owns 108,798 shares of the insurance provider’s stock worth $10,811,000 after purchasing an additional 84,306 shares in the last quarter. Morgan Stanley boosted its position in shares of American Financial Group by 82.9% in the 1st quarter. Morgan Stanley now owns 227,007 shares of the insurance provider’s stock worth $21,662,000 after purchasing an additional 102,874 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of American Financial Group by 20.5% in the 2nd quarter. Prudential Financial Inc. now owns 950,796 shares of the insurance provider’s stock worth $94,480,000 after purchasing an additional 161,661 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of American Financial Group by 7.9% in the 2nd quarter. Principal Financial Group Inc. now owns 620,201 shares of the insurance provider’s stock worth $61,629,000 after purchasing an additional 45,232 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of American Financial Group by 136.3% in the 2nd quarter. Swiss National Bank now owns 271,300 shares of the insurance provider’s stock worth $26,959,000 after purchasing an additional 156,500 shares in the last quarter. Institutional investors and hedge funds own 62.49% of the company’s stock.

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American Financial Group (NYSE:AFG) last posted its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 EPS for the quarter, beating the consensus estimate of $0.85 by $0.21. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $979.50 million. American Financial Group had a return on equity of 11.03% and a net margin of 10.22%. American Financial Group’s revenue for the quarter was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Friday, October 13th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.33%. The ex-dividend date was Thursday, October 12th. This is a positive change from American Financial Group’s previous quarterly dividend of $0.31. American Financial Group’s dividend payout ratio is 17.97%.

AFG has been the subject of a number of recent analyst reports. BidaskClub raised American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, July 7th. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Tuesday, August 22nd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. American Financial Group 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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