American Financial Group, Inc. (NYSE:AFG) Stock Position Boosted by Axa S.A.

AXA S.A. lifted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 71.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 45,864 shares of the insurance provider's stock after purchasing an additional 19,153 shares during the quarter. AXA S.A. owned about 0.05% of American Financial Group worth $5,642,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new stake in shares of American Financial Group in the second quarter worth $30,000. Headlands Technologies LLC purchased a new position in American Financial Group in the second quarter valued at about $38,000. Covestor Ltd lifted its stake in shares of American Financial Group by 402.3% during the first quarter. Covestor Ltd now owns 432 shares of the insurance provider's stock worth $59,000 after purchasing an additional 346 shares in the last quarter. Blue Trust Inc. boosted its position in shares of American Financial Group by 44.3% in the second quarter. Blue Trust Inc. now owns 433 shares of the insurance provider's stock worth $59,000 after buying an additional 133 shares during the period. Finally, Abich Financial Wealth Management LLC raised its holdings in shares of American Financial Group by 10,460.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 528 shares of the insurance provider's stock valued at $72,000 after buying an additional 523 shares during the period. Institutional investors and hedge funds own 64.37% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup lowered American Financial Group from a "buy" rating to a "neutral" rating and cut their target price for the company from $144.00 to $137.00 in a research report on Friday, June 28th.

American Financial Group Stock Performance

AFG stock traded down $1.15 during trading on Friday, hitting $135.12. 186,491 shares of the company's stock traded hands, compared to its average volume of 331,748. The stock has a fifty day moving average price of $130.93 and a two-hundred day moving average price of $129.42. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.34. American Financial Group, Inc. has a 52 week low of $105.22 and a 52 week high of $137.95. The stock has a market capitalization of $11.34 billion, a price-to-earnings ratio of 12.93 and a beta of 0.78.

American Financial Group (NYSE:AFG - Get Free Report) last issued its earnings results on Tuesday, August 6th. The insurance provider reported $2.56 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.45 by $0.11. The firm had revenue of $1.90 billion for the quarter, compared to analysts' expectations of $1.72 billion. American Financial Group had a net margin of 11.06% and a return on equity of 21.16%. American Financial Group's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted $2.38 earnings per share. As a group, equities analysts anticipate that American Financial Group, Inc. will post 10.96 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Monday, July 15th were paid a dividend of $0.71 per share. The ex-dividend date of this dividend was Monday, July 15th. This represents a $2.84 dividend on an annualized basis and a yield of 2.10%. American Financial Group's payout ratio is currently 27.18%.

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.