American Financial Group Inc (AFG) Position Boosted by American Financial Group Inc. 401 K Retirement & Savings Plan

American Financial Group Inc. 401 K Retirement & Savings Plan boosted its stake in shares of American Financial Group Inc (NYSE:AFG) by 0.8% in the 4th quarter, Holdings Channel reports. The firm owned 2,850,394 shares of the insurance provider’s stock after buying an additional 22,654 shares during the quarter. American Financial Group makes up 100.0% of American Financial Group Inc. 401 K Retirement & Savings Plan’s holdings, making the stock its largest holding. American Financial Group Inc. 401 K Retirement & Savings Plan’s holdings in American Financial Group were worth $309,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in AFG. Swiss National Bank raised its stake in shares of American Financial Group by 1.2% in the 3rd quarter. Swiss National Bank now owns 274,500 shares of the insurance provider’s stock valued at $28,397,000 after buying an additional 3,200 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of American Financial Group by 41.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 139,108 shares of the insurance provider’s stock valued at $14,388,000 after buying an additional 40,512 shares in the last quarter. Cetera Advisors LLC acquired a new position in shares of American Financial Group in the 3rd quarter valued at $272,000. The Manufacturers Life Insurance Company raised its stake in shares of American Financial Group by 2.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 108,917 shares of the insurance provider’s stock valued at $10,823,000 after buying an additional 2,982 shares in the last quarter. Finally, BNP Paribas Arbitrage SA raised its stake in shares of American Financial Group by 359.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock valued at $20,312,000 after buying an additional 153,586 shares in the last quarter. Hedge funds and other institutional investors own 60.38% of the company’s stock.

Shares of American Financial Group Inc (NYSE AFG) opened at $112.12 on Monday. 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 fifty-two week low of $92.45 and a fifty-two week high of $121.69. The firm has a market cap of $9,897.39, a PE ratio of 21.15, a PEG ratio of 1.13 and a beta of 0.82.

American Financial Group (NYSE:AFG) last posted its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.67 by $0.53. American Financial Group had a net margin of 6.92% and a return on equity of 11.10%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $1.98 EPS. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. research analysts expect that American Financial Group Inc will post 8.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, January 15th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Thursday, January 11th. American Financial Group’s payout ratio is 26.42%.

In other news, Director Virginia Drosos sold 1,438 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the sale, the director now owns 8,034 shares of the company’s stock, valued at approximately $837,223.14. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Vito C. Peraino sold 51,000 shares of the company’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.86, for a total transaction of $5,806,860.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 202,438 shares of company stock worth $21,663,214. 14.90% of the stock is owned by insiders.

A number of equities analysts have recently issued reports on AFG shares. Zacks Investment Research upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Sandler O’Neill restated a “buy” rating and issued a $119.00 price objective on shares of American Financial Group in a research note on Wednesday, January 10th. Bank of America increased their price objective on shares of American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. American Financial Group currently has a consensus rating of “Buy” and a consensus target price of $116.75.

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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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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