TIAA CREF Investment Management LLC decreased its position in American Financial Group, Inc. (NYSE:AFG) by 8.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 277,057 shares of the insurance provider’s stock after selling 24,274 shares during the period. TIAA CREF Investment Management LLC’s holdings in American Financial Group were worth $26,437,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Credit Agricole S A acquired a new position in shares of American Financial Group during the fourth quarter worth $123,000. Quantbot Technologies LP acquired a new position in shares of American Financial Group during the first quarter worth $154,000. Smith Moore & CO. acquired a new position in shares of American Financial Group during the first quarter worth $202,000. Barings LLC acquired a new position in shares of American Financial Group during the fourth quarter worth $203,000. Finally, Aberdeen Asset Management PLC UK acquired a new position in shares of American Financial Group during the fourth quarter worth $217,000. 61.84% of the stock is owned by institutional investors and hedge funds.

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

Shares of American Financial Group, Inc. (AFG) traded up 0.52% on Friday, hitting $102.43. 610,575 shares of the stock were exchanged. The company has a market cap of $8.98 billion, a P/E ratio of 12.95 and a beta of 0.80. The firm’s 50-day moving average is $98.65 and its 200-day moving average is $92.94. American Financial Group, Inc. has a one year low of $69.06 and a one year high of $102.50.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, May 3rd. The insurance provider reported $1.69 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.32. American Financial Group had a net margin of 10.62% and a return on equity of 11.11%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $1.25 EPS. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. On average, equities analysts forecast that American Financial Group, Inc. will post $6.56 EPS for the current fiscal year.

The company also recently declared a special dividend, which was paid on Thursday, May 25th. Stockholders of record on Monday, May 15th were issued a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, May 11th. This represents a dividend yield of 1.27%. This is a positive change from American Financial Group’s previous special dividend of $1.00. American Financial Group’s payout ratio is currently 15.82%.

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Separately, Zacks Investment Research raised shares of American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 price objective for the company in a research note on Monday, May 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $92.00.

In other news, Director Terry S. Jacobs sold 1,059 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $99.21, for a total transaction of $105,063.39. Following the sale, the director now owns 3,359 shares in the company, valued at $333,246.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William W. Verity sold 1,773 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $99.26, for a total transaction of $175,987.98. Following the sale, the director now owns 5,135 shares in the company, valued at approximately $509,700.10. The disclosure for this sale can be found here. Insiders have sold 258,946 shares of company stock worth $25,597,516 in the last 90 days. 14.90% of the stock is owned by company insiders.

American Financial Group Company Profile

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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