Eaton Vance Management lowered its holdings in shares of American Financial Group Inc (NYSE:AFG) by 4.0% in the 4th quarter, HoldingsChannel reports. The firm owned 931,076 shares of the insurance provider’s stock after selling 38,771 shares during the period. Eaton Vance Management’s holdings in American Financial Group were worth $101,059,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Swiss National Bank grew its position in shares of American Financial Group by 1.2% during the third quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock worth $28,397,000 after purchasing an additional 3,200 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of American Financial Group by 41.1% during the third quarter. Russell Investments Group Ltd. now owns 139,108 shares of the insurance provider’s stock worth $14,388,000 after purchasing an additional 40,512 shares in the last quarter. Cetera Advisors LLC purchased a new stake in shares of American Financial Group during the third quarter worth about $272,000. BNP Paribas Arbitrage SA grew its position in shares of American Financial Group by 359.1% during the third quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock worth $20,312,000 after purchasing an additional 153,586 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of American Financial Group by 7.2% during the third quarter. Principal Financial Group Inc. now owns 665,119 shares of the insurance provider’s stock worth $68,805,000 after purchasing an additional 44,918 shares in the last quarter. Hedge funds and other institutional investors own 60.78% of the company’s stock.
Several research firms recently issued reports on AFG. ValuEngine upgraded American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 price target for the company in a report on Thursday, January 18th. Bank of America raised their price target on American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $116.75.
In other news, CEO Carl H. Lindner III sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Vito C. Peraino sold 51,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were 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. Insiders have sold a total of 202,438 shares of company stock valued at $21,663,214 in the last 90 days. 14.90% of the stock is currently owned by company insiders.
American Financial Group Inc (NYSE AFG) opened at $111.84 on Friday. The firm has a market capitalization of $9,950.36, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 1.13 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. American Financial Group Inc has a 1-year low of $92.45 and a 1-year high of $121.69.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.53. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.11 billion. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.98 EPS. equities research analysts expect that American Financial Group Inc will post 8.2 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.25%. The ex-dividend date was Thursday, January 11th. American Financial Group’s dividend payout ratio is presently 26.42%.
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About American Financial Group
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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