James Investment Research Inc. lowered its holdings in American Financial Group Inc (NYSE:AFG) by 20.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 316,012 shares of the insurance provider’s stock after selling 79,097 shares during the period. American Financial Group makes up 1.2% of James Investment Research Inc.’s portfolio, making the stock its 16th biggest position. James Investment Research Inc. owned about 0.36% of American Financial Group worth $34,300,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of American Financial Group by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,700,258 shares of the insurance provider’s stock worth $665,805,000 after buying an additional 182,739 shares during the last quarter. State Street Corp grew its stake in shares of American Financial Group by 22.8% in the 2nd quarter. State Street Corp now owns 2,641,452 shares of the insurance provider’s stock worth $262,481,000 after purchasing an additional 490,781 shares during the last quarter. Investec Asset Management LTD grew its stake in shares of American Financial Group by 1.6% in the 3rd quarter. Investec Asset Management LTD now owns 1,171,186 shares of the insurance provider’s stock worth $121,159,000 after purchasing an additional 18,292 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in shares of American Financial Group by 1.9% in the third quarter. Allianz Asset Management GmbH now owns 1,037,666 shares of the insurance provider’s stock worth $107,347,000 after buying an additional 19,832 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of American Financial Group by 35.0% in the second quarter. Goldman Sachs Group Inc. now owns 913,932 shares of the insurance provider’s stock worth $90,817,000 after buying an additional 237,195 shares during the period. 60.38% of the stock is owned by institutional investors.
Several analysts recently commented on AFG shares. Sandler O’Neill restated a “buy” rating and set a $119.00 price target on shares of American Financial Group in a report on Wednesday, January 10th. ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America lifted their price target on shares of American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. American Financial Group has a consensus rating of “Buy” and a consensus price target of $116.75.
Shares of American Financial Group Inc (NYSE:AFG) opened at $110.61 on Thursday. The company has a market cap of $9,653.75, a price-to-earnings ratio of 20.87, a PEG ratio of 1.10 and a beta of 0.82. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group Inc has a 52 week low of $91.81 and a 52 week high of $121.69.
American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.53. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.11 billion. American Financial Group had a net margin of 6.92% and a return on equity of 11.10%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.98 EPS. sell-side analysts expect that American Financial Group Inc will post 8.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, January 15th were paid a $0.35 dividend. The ex-dividend date was Thursday, January 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.27%. American Financial Group’s dividend payout ratio (DPR) is presently 26.42%.
In related news, CEO Carl H. Lindner III sold 150,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Vito C. Peraino sold 51,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $113.86, for a total value of $5,806,860.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,438 shares of company stock valued at $21,663,214. 13.70% of the stock is currently owned by company insiders.
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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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