Envestnet Asset Management Inc. Has $7.37 Million Stock Position in American Financial Group, Inc. (NYSE:AFG)

Envestnet Asset Management Inc. raised its stake in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 4.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,834 shares of the insurance provider's stock after acquiring an additional 2,474 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.06% of American Financial Group worth $7,372,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in AFG. MML Investors Services LLC raised its stake in American Financial Group by 3.5% during the third quarter. MML Investors Services LLC now owns 3,400 shares of the insurance provider's stock worth $458,000 after acquiring an additional 116 shares during the period. Barclays PLC raised its position in shares of American Financial Group by 11.0% during the 3rd quarter. Barclays PLC now owns 63,333 shares of the insurance provider's stock worth $8,528,000 after purchasing an additional 6,272 shares during the period. Franklin Resources Inc. lifted its holdings in shares of American Financial Group by 17.4% in the 3rd quarter. Franklin Resources Inc. now owns 49,796 shares of the insurance provider's stock worth $6,833,000 after purchasing an additional 7,365 shares during the last quarter. Retirement Systems of Alabama boosted its position in American Financial Group by 1.0% during the 3rd quarter. Retirement Systems of Alabama now owns 171,354 shares of the insurance provider's stock valued at $23,064,000 after purchasing an additional 1,714 shares during the period. Finally, Lord Abbett & CO. LLC grew its stake in American Financial Group by 0.4% during the 3rd quarter. Lord Abbett & CO. LLC now owns 399,177 shares of the insurance provider's stock worth $53,729,000 after buying an additional 1,563 shares during the last quarter. 64.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lowered their price target on shares of American Financial Group from $144.00 to $126.00 and set a "market perform" rating for the company in a research report on Wednesday, April 9th.

American Financial Group Stock Performance

Shares of NYSE AFG traded up $0.57 during midday trading on Thursday, reaching $129.04. 149,403 shares of the company traded hands, compared to its average volume of 372,697. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 12.22 and a beta of 0.59. The stock has a 50-day moving average price of $125.66 and a 200 day moving average price of $132.53. American Financial Group, Inc. has a 52 week low of $114.73 and a 52 week high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Sell-side analysts anticipate that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Tuesday, April 15th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Tuesday, April 15th. American Financial Group's payout ratio is 30.27%.

Insider Transactions at American Financial Group

In related news, Director Gregory G. Joseph bought 3,000 shares of American Financial Group stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost 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 in the company, valued at approximately $6,954,717. This trade represents a 5.51 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 17.40% of the company's stock.

American Financial Group 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.