AMP Capital Investors Ltd boosted its holdings in American Financial Group Inc (NYSE:AFG) by 67.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 141,598 shares of the insurance provider’s stock after acquiring an additional 57,221 shares during the quarter. AMP Capital Investors Ltd’s holdings in American Financial Group were worth $15,370,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in AFG. Janus Henderson Group PLC lifted its holdings in American Financial Group by 166.0% in the third quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock valued at $49,931,000 after buying an additional 301,200 shares during the period. Schroder Investment Management Group lifted its holdings in American Financial Group by 59.0% in the fourth quarter. Schroder Investment Management Group now owns 632,957 shares of the insurance provider’s stock valued at $68,701,000 after buying an additional 234,900 shares during the period. APG Asset Management N.V. lifted its holdings in American Financial Group by 43.6% in the fourth quarter. APG Asset Management N.V. now owns 420,700 shares of the insurance provider’s stock valued at $38,027,000 after buying an additional 127,800 shares during the period. Investec Asset Management LTD lifted its holdings in American Financial Group by 10.5% in the fourth quarter. Investec Asset Management LTD now owns 1,294,622 shares of the insurance provider’s stock valued at $140,518,000 after buying an additional 123,436 shares during the period. Finally, Gillson Capital LP acquired a new position in American Financial Group in the fourth quarter valued at approximately $12,985,000. Institutional investors and hedge funds own 62.32% of the company’s stock.
Shares of American Financial Group Inc (AFG) opened at $114.63 on Tuesday. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.24. The firm has a market cap of $10,140.00, a price-to-earnings ratio of 18.46, a price-to-earnings-growth ratio of 1.17 and a beta of 0.80. American Financial Group Inc has a twelve month low of $92.45 and a twelve month high of $121.69.
Several equities analysts recently weighed in on AFG shares. Sandler O’Neill restated a “buy” rating and issued a $119.00 price objective on shares of American Financial Group in a report on Wednesday, January 10th. ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America increased their price objective on shares of American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $116.75.
In other news, Director Gregory G. Joseph bought 500 shares of the business’s stock in a transaction on Monday, February 26th. The shares were bought at an average cost of $113.50 per share, for a total transaction of $56,750.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virginia Drosos sold 1,438 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the sale, the director now owns 8,034 shares in the company, valued at $837,223.14. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.
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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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