Barclays PLC lowered its position in shares of American Financial Group Inc (NYSE:AFG) by 71.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 19,831 shares of the insurance provider’s stock after selling 48,643 shares during the period. Barclays PLC’s holdings in American Financial Group were worth $2,226,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Fuller & Thaler Asset Management Inc. bought a new position in shares of American Financial Group during the fourth quarter worth about $119,000. Pin Oak Investment Advisors Inc. bought a new position in shares of American Financial Group during the fourth quarter worth about $122,000. Focused Wealth Management Inc grew its position in shares of 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 acquiring an additional 700 shares during the last quarter. Two Sigma Securities LLC bought a new position in American Financial Group in the 4th quarter valued at about $234,000. Finally, OLD Mutual Customised Solutions Proprietary Ltd. grew its position in American Financial Group by 125.0% in the 4th quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,700 shares of the insurance provider’s stock valued at $293,000 after buying an additional 1,500 shares in the last quarter. Institutional investors and hedge funds own 61.30% of the company’s stock.
In related news, CEO Carl H. Lindner III sold 100,000 shares of the stock in a transaction dated Wednesday, June 6th. The shares were sold at an average price of $110.14, for a total value of $11,014,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Terry S. Jacobs sold 864 shares of the stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $110.41, for a total transaction of $95,394.24. The disclosure for this sale can be found here. Insiders sold a total of 136,149 shares of company stock valued at $15,025,365 in the last quarter. 13.70% of the stock is currently owned by insiders.
American Financial Group (NYSE:AFG) last announced its earnings results on Wednesday, May 2nd. The insurance provider reported $2.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.98 by $0.44. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.14 billion. American Financial Group had a net margin of 6.76% and a return on equity of 12.37%. American Financial Group’s revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.69 EPS. equities research analysts expect that American Financial Group Inc will post 8.43 EPS for the current fiscal year.
The business also recently announced a None dividend, which was paid on Friday, May 25th. Investors of record on Tuesday, May 15th were given a $1.50 dividend. The ex-dividend date of this dividend was Monday, May 14th. This represents a yield of 1.26%. American Financial Group’s dividend payout ratio is presently 21.37%.
A number of equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 9th. ValuEngine lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $117.00.
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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