Credit Agricole S A purchased a new stake in shares of American Financial Group Inc (NYSE:AFG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,401 shares of the insurance provider’s stock, valued at approximately $123,000.
Several other large investors have also recently made changes to their positions in AFG. Advisor Group Inc. boosted its stake in shares of American Financial Group by 3.6% in the third quarter. Advisor Group Inc. now owns 1,531 shares of the insurance provider’s stock worth $115,000 after buying an additional 53 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of American Financial Group by 0.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,204 shares of the insurance provider’s stock worth $165,000 after buying an additional 10 shares during the last quarter. Aberdeen Asset Management PLC UK bought a new stake in shares of American Financial Group during the fourth quarter worth about $217,000. Brown Advisory Inc. bought a new stake in shares of American Financial Group during the fourth quarter worth about $221,000. Finally, Mizuho Trust & Banking Co. Ltd. bought a new stake in shares of American Financial Group during the third quarter worth about $207,000. 59.51% of the stock is owned by institutional investors and hedge funds.
Shares of American Financial Group Inc (NYSE:AFG) traded down 0.03% on Friday, hitting $95.78. The stock had a trading volume of 269,909 shares. The stock’s 50-day moving average price is $94.92 and its 200 day moving average price is $86.72. American Financial Group Inc has a 52 week low of $68.25 and a 52 week high of $97.00. The company has a market cap of $8.33 billion, a PE ratio of 13.07 and a beta of 0.70.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, February 1st. The insurance provider reported $1.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.64 by $0.34. American Financial Group had a return on equity of 10.34% and a net margin of 9.99%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the business posted $1.52 earnings per share. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts predict that American Financial Group Inc will post $6.29 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Friday, April 14th will be given a dividend of $0.3125 per share. The ex-dividend date is Tuesday, April 11th. This represents a $1.25 dividend on an annualized basis and a yield of 1.30%. American Financial Group’s payout ratio is 17.08%.
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A number of brokerages have issued reports on AFG. Zacks Investment Research cut American Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Langen Mcalenn reiterated a “buy” rating on shares of American Financial Group in a report on Friday, December 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $87.67.
In other news, insider John B. Berding sold 5,349 shares of American Financial Group stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $94.89, for a total value of $507,566.61. Following the transaction, the insider now owns 71,481 shares in the company, valued at $6,782,832.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Vito C. Peraino sold 26,709 shares of American Financial Group stock in a transaction dated Tuesday, March 14th. The stock was sold at an average price of $96.01, for a total value of $2,564,331.09. Following the completion of the transaction, the vice president now owns 73,832 shares in the company, valued at approximately $7,088,610.32. The disclosure for this sale can be found here. Insiders have sold 280,935 shares of company stock worth $25,802,667 in the last 90 days. Company insiders own 14.90% of the company’s stock.
American Financial Group Company Profile
American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.
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