American Financial Group, Inc. $AFG Shares Sold by Gulf International Bank UK Ltd

Gulf International Bank UK Ltd trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 28.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,060 shares of the insurance provider’s stock after selling 1,626 shares during the quarter. Gulf International Bank UK Ltd’s holdings in American Financial Group were worth $533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Xponance Inc. boosted its holdings in American Financial Group by 0.7% during the first quarter. Xponance Inc. now owns 11,882 shares of the insurance provider’s stock worth $1,561,000 after buying an additional 80 shares in the last quarter. Astoria Portfolio Advisors LLC. grew its position in American Financial Group by 4.9% during the first quarter. Astoria Portfolio Advisors LLC. now owns 1,727 shares of the insurance provider’s stock worth $222,000 after buying an additional 81 shares during the period. Utah Retirement Systems grew its position in American Financial Group by 0.8% during the fourth quarter. Utah Retirement Systems now owns 11,917 shares of the insurance provider’s stock worth $1,632,000 after buying an additional 100 shares during the period. Private Trust Co. NA grew its position in American Financial Group by 144.3% during the first quarter. Private Trust Co. NA now owns 215 shares of the insurance provider’s stock worth $28,000 after buying an additional 127 shares during the period. Finally, Johnson Financial Group Inc. grew its position in American Financial Group by 4.9% during the fourth quarter. Johnson Financial Group Inc. now owns 3,101 shares of the insurance provider’s stock worth $423,000 after buying an additional 144 shares during the period. 64.37% of the stock is currently owned by institutional investors and hedge funds.

American Financial Group Stock Performance

Shares of AFG opened at $131.57 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.47 and a current ratio of 0.47. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 14.46 and a beta of 0.74. American Financial Group, Inc. has a 1 year low of $114.73 and a 1 year high of $150.19. The company’s 50 day simple moving average is $126.15 and its 200 day simple moving average is $125.89.

American Financial Group (NYSE:AFG) last issued its earnings results on Tuesday, August 5th. The insurance provider reported $2.14 EPS for the quarter, beating analysts’ consensus estimates of $2.08 by $0.06. American Financial Group had a net margin of 9.21% and a return on equity of 17.41%. The business had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $2.56 EPS. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Tuesday, July 15th were issued a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Tuesday, July 15th. American Financial Group’s dividend payout ratio (DPR) is currently 35.16%.

Analyst Ratings Changes

Several research analysts have weighed in on AFG shares. Keefe, Bruyette & Woods lowered their target price on shares of American Financial Group from $127.00 to $124.00 and set a “market perform” rating on the stock in a research report on Tuesday, August 12th. Jefferies Financial Group upped their target price on shares of American Financial Group from $125.00 to $130.00 and gave the stock a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $136.75.

About American Financial Group

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.