APG Asset Management N.V. lessened its position in American Financial Group Inc (NYSE:AFG) by 27.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 297,000 shares of the insurance provider’s stock after selling 110,500 shares during the quarter. APG Asset Management N.V. owned 0.33% of American Financial Group worth $23,520,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in shares of American Financial Group by 11.4% during the fourth quarter. BlackRock Inc. now owns 8,677,040 shares of the insurance provider’s stock valued at $785,533,000 after purchasing an additional 889,758 shares during the last quarter. Vanguard Group Inc. increased its position in shares of American Financial Group by 1.0% during the third quarter. Vanguard Group Inc. now owns 7,116,486 shares of the insurance provider’s stock valued at $789,716,000 after acquiring an additional 73,729 shares in the last quarter. Vanguard Group Inc increased its position in shares of American Financial Group by 1.0% during the third quarter. Vanguard Group Inc now owns 7,116,486 shares of the insurance provider’s stock valued at $789,716,000 after acquiring an additional 73,729 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of American Financial Group by 8,953.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,456,350 shares of the insurance provider’s stock valued at $27,000 after acquiring an additional 2,429,217 shares in the last quarter. Finally, Victory Capital Management Inc. increased its position in shares of American Financial Group by 5.2% during the fourth quarter. Victory Capital Management Inc. now owns 2,204,941 shares of the insurance provider’s stock valued at $199,613,000 after acquiring an additional 109,007 shares in the last quarter. 64.46% of the stock is currently owned by institutional investors and hedge funds.
In other American Financial Group news, CEO Carl H. Lindner III sold 83,436 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $98.06, for a total value of $8,181,734.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James E. Evans sold 8,000 shares of the business’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $99.17, for a total transaction of $793,360.00. Following the completion of the sale, the director now owns 137,309 shares in the company, valued at approximately $13,616,933.53. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 168,989 shares of company stock worth $16,427,175. 13.70% of the stock is owned by corporate insiders.
American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.09). American Financial Group had a net margin of 7.41% and a return on equity of 14.92%. The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the firm posted $2.20 EPS. The firm’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts expect that American Financial Group Inc will post 8.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Investors 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 dividend payout ratio (DPR) is 19.05%.
A number of equities research analysts have commented on the stock. 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 for the company. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd.
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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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