ING Groep NV Boosts Position in American Financial Group Inc (AFG)

ING Groep NV boosted its holdings in American Financial Group Inc (NYSE:AFG) by 23.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,370 shares of the insurance provider’s stock after acquiring an additional 1,961 shares during the quarter. ING Groep NV’s holdings in American Financial Group were worth $1,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new stake in American Financial Group in the 4th quarter valued at $111,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in American Financial Group in the 3rd quarter valued at $201,000. Strategic Global Advisors LLC acquired a new stake in American Financial Group in the 3rd quarter valued at $207,000. Checchi Capital Advisers LLC acquired a new stake in American Financial Group in the 3rd quarter valued at $211,000. Finally, GSA Capital Partners LLP acquired a new stake in American Financial Group in the 3rd quarter valued at $211,000. 60.38% of the stock is owned by institutional investors and hedge funds.

AFG has been the subject of several research reports. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 21st. Sandler O’Neill restated a “buy” rating and set a $119.00 price objective on shares of American Financial Group in a research note on Wednesday, January 10th. ValuEngine upgraded American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Bank of America raised their price objective on American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. American Financial Group currently has an average rating of “Buy” and an average price target of $116.75.

In other news, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $104.71, for a total transaction of $15,706,500.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO S Craig Lindner sold 50,000 shares of American Financial Group 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. Over the last 90 days, insiders have sold 252,438 shares of company stock worth $26,973,714. Company insiders own 13.70% of the company’s stock.

American Financial Group Inc (AFG) opened at $109.36 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. American Financial Group Inc has a 52 week low of $91.27 and a 52 week high of $121.69. The firm has a market capitalization of $9,621.98, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.10 and a beta of 0.82.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business earned $1.98 EPS. The business’s revenue was up 7.1% on a year-over-year basis. equities research analysts anticipate that American Financial Group Inc will post 8.2 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, January 11th. American Financial Group’s dividend payout ratio (DPR) is presently 26.42%.

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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.

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

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