Xact Kapitalforvaltning AB increased its stake in shares of American Financial Group Inc (NYSE:AFG) by 11.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,921 shares of the insurance provider’s stock after acquiring an additional 801 shares during the period. Xact Kapitalforvaltning AB’s holdings in American Financial Group were worth $889,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Fuller & Thaler Asset Management Inc. purchased a new position in American Financial Group during the fourth quarter worth approximately $119,000. Pin Oak Investment Advisors Inc. purchased a new position in American Financial Group during the fourth quarter worth approximately $122,000. Focused Wealth Management Inc boosted its position in American Financial Group by 77.8% during the first quarter. Focused Wealth Management Inc now owns 1,600 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 700 shares in the last quarter. Two Sigma Securities LLC purchased a new position in American Financial Group during the fourth quarter worth approximately $234,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in American Financial Group by 125.0% during the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,700 shares of the insurance provider’s stock worth $293,000 after purchasing an additional 1,500 shares in the last quarter. 61.33% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on AFG shares. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. ValuEngine downgraded American Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $117.00.
In other news, CEO S Craig Lindner sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was sold at an average price of $110.55, for a total value of $2,211,000.00. Following the transaction, the chief executive officer now owns 2,447,905 shares in the company, valued at $270,615,897.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Terry S. Jacobs sold 864 shares of the firm’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $110.41, for a total value of $95,394.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,864 shares of company stock worth $14,425,094. Company insiders own 14.90% of the company’s stock.
NYSE AFG opened at $107.33 on Friday. The company has a market capitalization of $9.55 billion, a PE ratio of 14.72, a PEG ratio of 1.03 and a beta of 0.77. American Financial Group Inc has a 1-year low of $95.19 and a 1-year high of $121.69. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.25.
American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, May 2nd. The insurance provider reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.98 by $0.44. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.14 billion. American Financial Group had a return on equity of 12.37% and a net margin of 6.76%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.69 earnings per share. research analysts predict that American Financial Group Inc will post 8.43 earnings per share for the current fiscal year.
About American Financial Group
American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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