Tredje AP fonden Sells 5,623 Shares of American Financial Group, Inc. (NYSE:AFG)

Tredje AP fonden lessened its stake in American Financial Group, Inc. (NYSE:AFG) by 50.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,623 shares of the insurance provider’s stock after selling 5,623 shares during the quarter. Tredje AP fonden’s holdings in American Financial Group were worth $770,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. UMB Bank n.a. increased its stake in shares of American Financial Group by 86.8% in the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 158 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in American Financial Group by 91.2% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 248 shares during the period. Allworth Financial LP grew its holdings in shares of American Financial Group by 301.1% in the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after buying an additional 527 shares during the period. iA Global Asset Management Inc. bought a new stake in shares of American Financial Group in the 3rd quarter valued at $125,000. Finally, Brooklyn Investment Group acquired a new stake in American Financial Group during the 3rd quarter worth $130,000. Institutional investors and hedge funds own 64.37% of the company’s stock.

Insider Activity at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were purchased at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now directly owns 57,477 shares of the company’s stock, valued at $6,954,717. This represents a 5.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 14.50% of the stock is owned by insiders.

American Financial Group Stock Performance

AFG opened at $127.25 on Friday. The company has a market capitalization of $10.69 billion, a price-to-earnings ratio of 12.04 and a beta of 0.79. The business’s 50-day moving average price is $129.35 and its two-hundred day moving average price is $134.27. American Financial Group, Inc. has a 1 year low of $118.97 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. Equities analysts expect that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The firm also recently announced a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. American Financial Group’s payout ratio is 30.27%.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods cut American Financial Group from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $164.00 to $144.00 in a research note on Friday, February 7th.

About American Financial Group

American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general 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 lending and leasing institutions, fidelity and surety products, and trade credit insurance.