William Blair Investment Management LLC decreased its position in American Financial Group Inc (NYSE:AFG) by 9.9% in the first quarter, HoldingsChannel reports. The firm owned 7,621 shares of the insurance provider’s stock after selling 834 shares during the quarter. William Blair Investment Management LLC’s holdings in American Financial Group were worth $733,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the company. Brand Asset Management Group Inc. purchased a new stake in American Financial Group during the 1st quarter worth about $30,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of American Financial Group in the 4th quarter valued at about $37,000. Fort L.P. purchased a new stake in shares of American Financial Group in the 4th quarter valued at about $46,000. Quadrant Capital Group LLC lifted its holdings in shares of American Financial Group by 3,170.6% in the 1st quarter. Quadrant Capital Group LLC now owns 556 shares of the insurance provider’s stock valued at $53,000 after purchasing an additional 539 shares during the last quarter. Finally, Enlightenment Research LLC purchased a new stake in shares of American Financial Group in the 4th quarter valued at about $63,000. 63.28% of the stock is currently owned by hedge funds and other institutional investors.

American Financial Group stock traded up $0.44 during midday trading on Wednesday, reaching $101.50. The stock had a trading volume of 6,581 shares, compared to its average volume of 361,165. American Financial Group Inc has a twelve month low of $84.18 and a twelve month high of $115.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.15 and a current ratio of 0.15. The firm has a market capitalization of $9.08 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 1.90 and a beta of 0.89.

American Financial Group (NYSE:AFG) last posted its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.02 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.03). American Financial Group had a return on equity of 13.90% and a net margin of 9.45%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the business posted $2.42 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities analysts forecast that American Financial Group Inc will post 8.67 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Tuesday, May 28th. Investors of record on Wednesday, May 15th were paid a dividend of $1.50 per share. This represents a dividend yield of 1.56%. The ex-dividend date was Tuesday, May 14th. American Financial Group’s dividend payout ratio (DPR) is 19.05%.

Separately, ValuEngine upgraded American Financial Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th.

In other news, Director Terry S. Jacobs sold 679 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $100.50, for a total transaction of $68,239.50. Following the completion of the sale, the director now owns 3,500 shares in the company, valued at approximately $351,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Carl H. Lindner III sold 163,012 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $102.96, for a total transaction of $16,783,715.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 435,589 shares of company stock valued at $43,746,328. 11.90% of the stock is currently owned by insiders.

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American Financial Group Profile

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

Further Reading: How is Preferred Stock Different from Common Stock?

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

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