Nisa Investment Advisors LLC Has $6.65 Million Stock Holdings in American Financial Group, Inc. (NYSE:AFG)

Nisa Investment Advisors LLC trimmed its position in shares of American Financial Group, Inc. (NYSE:AFG) by 3.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,375 shares of the insurance provider’s stock after selling 1,885 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of American Financial Group worth $6,646,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in AFG. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of American Financial Group by 13.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,701 shares of the insurance provider’s stock worth $5,145,000 after acquiring an additional 4,420 shares during the period. Vident Advisory LLC increased its holdings in American Financial Group by 360.7% in the first quarter. Vident Advisory LLC now owns 27,155 shares of the insurance provider’s stock worth $3,706,000 after purchasing an additional 21,261 shares in the last quarter. Norden Group LLC bought a new stake in American Financial Group in the first quarter worth approximately $885,000. Edgestream Partners L.P. increased its holdings in American Financial Group by 308.5% in the first quarter. Edgestream Partners L.P. now owns 24,080 shares of the insurance provider’s stock worth $3,286,000 after purchasing an additional 18,185 shares in the last quarter. Finally, Duality Advisers LP bought a new stake in American Financial Group in the first quarter worth approximately $912,000. 64.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, BMO Capital Markets lifted their target price on American Financial Group from $132.00 to $135.00 and gave the stock a “market perform” rating in a report on Tuesday, October 8th.

American Financial Group Trading Down 1.1 %

NYSE AFG opened at $128.92 on Friday. The company has a market cap of $10.82 billion, a price-to-earnings ratio of 12.30 and a beta of 0.78. American Financial Group, Inc. has a 52 week low of $106.62 and a 52 week high of $138.81. The business has a 50 day moving average price of $134.21 and a 200-day moving average price of $129.69. 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 (NYSE:AFG) last released its quarterly earnings data on Tuesday, August 6th. The insurance provider reported $2.56 EPS for the quarter, beating the consensus estimate of $2.45 by $0.11. The firm had revenue of $1.90 billion during the quarter, compared to the consensus estimate of $1.72 billion. American Financial Group had a return on equity of 21.16% and a net margin of 11.06%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 earnings per share. As a group, equities analysts expect that American Financial Group, Inc. will post 10.98 earnings per share for the current fiscal year.

American Financial Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Tuesday, October 15th were issued a dividend of $0.80 per share. This is an increase from American Financial Group’s previous quarterly dividend of $0.71. The ex-dividend date was Tuesday, October 15th. This represents a $3.20 annualized dividend and a dividend yield of 2.48%. American Financial Group’s payout ratio is currently 30.19%.

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.