James Investment Research Inc. Lowers Position in American Financial Group Inc (NYSE:AFG)

James Investment Research Inc. reduced its position in American Financial Group Inc (NYSE:AFG) by 30.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,065 shares of the insurance provider’s stock after selling 69,178 shares during the quarter. American Financial Group comprises approximately 0.9% of James Investment Research Inc.’s portfolio, making the stock its 21st biggest position. James Investment Research Inc. owned approximately 0.17% of American Financial Group worth $14,129,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Putnam Investments LLC increased its position in American Financial Group by 7.6% during the second quarter. Putnam Investments LLC now owns 44,217 shares of the insurance provider’s stock worth $4,746,000 after purchasing an additional 3,138 shares during the last quarter. California Public Employees Retirement System grew its position in American Financial Group by 23.1% in the 2nd quarter. California Public Employees Retirement System now owns 264,997 shares of the insurance provider’s stock worth $28,442,000 after purchasing an additional 49,730 shares during the last quarter. Advisors Asset Management Inc. grew its position in American Financial Group by 463.3% in the second quarter. Advisors Asset Management Inc. now owns 61,003 shares of the insurance provider’s stock worth $1,251,000 after buying an additional 50,174 shares during the last quarter. Bank of Nova Scotia grew its position in American Financial Group by 9.5% during the 2nd quarter. Bank of Nova Scotia now owns 33,300 shares of the insurance provider’s stock worth $3,574,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in American Financial Group by 5.2% in the second quarter. Northern Trust Corp now owns 676,137 shares of the insurance provider’s stock worth $72,571,000 after purchasing an additional 33,183 shares in the last quarter. Institutional investors and hedge funds own 66.04% of the company’s stock.

AFG stock opened at $97.58 on Thursday. 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 Inc has a 1 year low of $84.18 and a 1 year high of $117.50. The firm has a market capitalization of $8.57 billion, a PE ratio of 11.62, a PEG ratio of 2.16 and a beta of 0.89.

American Financial Group (NYSE:AFG) last issued its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share 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 firm 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 firm posted $2.20 earnings per share. American Financial Group’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts expect that American Financial Group Inc will post 8.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Tuesday, January 15th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Monday, January 14th. American Financial Group’s payout ratio is 19.05%.

In other American Financial Group news, Director Lehman John I. Von sold 1,359 shares of the stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $96.54, for a total value of $131,197.86. Following the completion of the sale, the director now directly owns 9,327 shares in the company, valued at $900,428.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 28,668 shares of the business’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $91.05, for a total value of $2,610,221.40. The disclosure for this sale can be found here. 13.70% of the stock is owned by company insiders.

AFG has been the subject of a number of recent analyst reports. Zacks Investment Research restated a “buy” rating and issued a $115.00 price objective on shares of American Financial Group in a research report on Monday, November 12th. Keefe, Bruyette & Woods started coverage on American Financial Group in a research note on Thursday, January 10th. They issued a “market perform” rating and a $107.00 price objective on the stock.

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

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