Colony Group LLC Reduces Position in American Financial Group Inc (AFG)

Colony Group LLC trimmed its holdings in American Financial Group Inc (NYSE:AFG) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,780 shares of the insurance provider’s stock after selling 515 shares during the period. Colony Group LLC’s holdings in American Financial Group were worth $2,153,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lavaca Capital LLC purchased a new stake in shares of American Financial Group during the 4th quarter valued at $27,000. Oppenheimer Asset Management Inc. purchased a new position in American Financial Group in the 4th quarter worth $37,000. Fort L.P. purchased a new position in American Financial Group in the 4th quarter worth $46,000. Enlightenment Research LLC purchased a new position in American Financial Group in the 4th quarter worth $63,000. Finally, Honkamp Krueger Financial Services Inc. purchased a new position in American Financial Group in the 3rd quarter worth $111,000. Institutional investors own 64.46% of the company’s stock.

American Financial Group stock traded down $0.08 during trading hours on Monday, reaching $97.99. The stock had a trading volume of 135,877 shares, compared to its average volume of 369,155. The firm has a market cap of $8.79 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.85 and a beta of 0.88. American Financial Group Inc has a 52 week low of $84.18 and a 52 week high of $117.50. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.26.

American Financial Group (NYSE:AFG) last announced its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.09). The firm had revenue of $1.27 billion during the quarter, compared to the consensus estimate of $1.28 billion. American Financial Group had a return on equity of 14.92% and a net margin of 7.41%. American Financial Group’s revenue was up 3.7% on a year-over-year basis. During the same period last year, the business earned $2.20 EPS. As a group, sell-side analysts expect that American Financial Group Inc will post 8.62 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, April 15th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Friday, April 12th. American Financial Group’s payout ratio is 19.05%.

A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Keefe, Bruyette & Woods assumed coverage on shares of American Financial Group in a research report on Thursday, January 10th. They issued a “market perform” rating and a $107.00 target price on the stock.

In related news, Director Lehman John I. Von sold 1,359 shares of American Financial Group stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $96.54, for a total transaction of $131,197.86. Following the completion of the transaction, the director now directly owns 9,327 shares of the company’s stock, valued at approximately $900,428.58. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Carl H. Lindner III sold 83,436 shares of American Financial Group stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $98.06, for a total transaction of $8,181,734.16. The disclosure for this sale can be found here. Insiders have sold a total of 168,989 shares of company stock worth $16,427,175 in the last ninety days. Insiders own 13.70% of the company’s stock.

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About American Financial Group

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. 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; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers' compensation insurance; 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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