LS Investment Advisors LLC lowered its stake in American Financial Group Inc (NYSE:AFG) by 8.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 5,849 shares of the insurance provider’s stock after selling 523 shares during the period. LS Investment Advisors LLC’s holdings in American Financial Group were worth $530,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in AFG. Standard Life Aberdeen plc grew its stake in American Financial Group by 38,541.5% in the 3rd quarter. Standard Life Aberdeen plc now owns 7,580,682 shares of the insurance provider’s stock valued at $735,330,000 after buying an additional 7,561,064 shares during the last quarter. BlackRock Inc. grew its position in shares of American Financial Group by 6.9% during the 3rd quarter. BlackRock Inc. now owns 7,787,282 shares of the insurance provider’s stock worth $864,155,000 after purchasing an additional 500,746 shares in the last quarter. Wealthquest Corp acquired a new position in shares of American Financial Group during the 4th quarter worth approximately $35,611,000. USS Investment Management Ltd acquired a new position in shares of American Financial Group during the 4th quarter worth approximately $31,717,000. Finally, Wells Fargo & Company MN grew its position in shares of American Financial Group by 81.2% during the 3rd quarter. Wells Fargo & Company MN now owns 581,427 shares of the insurance provider’s stock worth $64,521,000 after purchasing an additional 260,539 shares in the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.
In other news, Director Gregory G. Joseph purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, December 12th. The stock was bought at an average price of $92.91 per share, with a total value of $92,910.00. Following the acquisition, the director now owns 35,594 shares in the company, valued at approximately $3,307,038.54. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl H. Lindner III sold 28,668 shares of the company’s stock in a transaction that occurred on Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total transaction of $2,610,221.40. The disclosure for this sale can be found here. Corporate insiders own 13.70% of the company’s stock.
Shares of NYSE:AFG opened at $96.07 on Monday. American Financial Group Inc has a 12-month low of $84.18 and a 12-month high of $117.50. The company has a market cap of $8.57 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25.
American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.84 by ($0.09). American Financial Group had a return on equity of 14.80% and a net margin of 7.41%. The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company earned $2.20 EPS. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. Equities analysts expect that American Financial Group Inc will post 8.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Tuesday, January 15th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Monday, January 14th. American Financial Group’s dividend payout ratio (DPR) is presently 19.05%.
A number of research analysts have issued reports on the stock. Zacks Investment Research restated a “buy” rating and set a $115.00 target price on shares of American Financial Group in a research report on Monday, November 12th. Keefe, Bruyette & Woods assumed coverage on shares of American Financial Group in a research report on Thursday, January 10th. They set a “market perform” rating and a $107.00 target price on the stock.
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American Financial Group Profile
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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