Bishop Rock Capital L.P. Trims Holdings in American Financial Group Inc (AFG)

Bishop Rock Capital L.P. reduced its position in shares of American Financial Group Inc (NYSE:AFG) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 84,217 shares of the insurance provider’s stock after selling 30,960 shares during the quarter. American Financial Group comprises about 6.2% of Bishop Rock Capital L.P.’s portfolio, making the stock its 5th biggest position. Bishop Rock Capital L.P. owned 0.10% of American Financial Group worth $8,712,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AFG. Renaissance Technologies LLC bought a new stake in American Financial Group during the 1st quarter valued at $849,000. Sumitomo Mitsui Asset Management Company LTD bought a new stake in American Financial Group during the 2nd quarter valued at $501,000. Public Employees Retirement Association of Colorado boosted its position in American Financial Group by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after acquiring an additional 42 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in American Financial Group by 36.8% during the 2nd quarter. Great West Life Assurance Co. Can now owns 60,959 shares of the insurance provider’s stock valued at $6,050,000 after acquiring an additional 16,386 shares in the last quarter. Finally, Bessemer Group Inc. bought a new stake in American Financial Group during the 2nd quarter valued at $155,000. Institutional investors own 60.46% of the company’s stock.

Shares of American Financial Group Inc (NYSE:AFG) opened at $104.40 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $9,217.48, a price-to-earnings ratio of 16.50, a price-to-earnings-growth ratio of 2.96 and a beta of 0.86. American Financial Group Inc has a 52-week low of $84.04 and a 52-week high of $106.76.

American Financial Group (NYSE:AFG) last announced its earnings results on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.21. The business had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 EPS. equities research analysts forecast that American Financial Group Inc will post 6.05 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Monday, November 27th. Shareholders of record on Friday, November 17th were given a dividend of $2.00 per share. This represents a yield of 1.33%. The ex-dividend date was Thursday, November 16th. This is a boost from American Financial Group’s previous special dividend of $1.50. American Financial Group’s dividend payout ratio (DPR) is 17.97%.

Separately, Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $112.00 target price on the stock in a research report on Thursday, September 14th.

In other news, CEO Carl H. Lindner III sold 150,000 shares of the firm’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO S Craig Lindner sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total value of $5,310,500.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

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American Financial Group 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.

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

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