CIBC Asset Management Inc lifted its stake in shares of American Financial Group Inc (NYSE:AFG) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,633 shares of the insurance provider’s stock after acquiring an additional 1,497 shares during the period. CIBC Asset Management Inc’s holdings in American Financial Group were worth $419,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of AFG. NumerixS Investment Technologies Inc boosted its stake in American Financial Group by 40.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 6,300 shares of the insurance provider’s stock worth $563,000 after buying an additional 1,800 shares during the last quarter. Northern Trust Corp boosted its stake in American Financial Group by 6.0% in the 4th quarter. Northern Trust Corp now owns 703,489 shares of the insurance provider’s stock worth $63,687,000 after buying an additional 39,720 shares during the last quarter. Blueshift Asset Management LLC acquired a new stake in American Financial Group in the 4th quarter worth about $585,000. Mn Services Vermogensbeheer B.V. boosted its stake in American Financial Group by 11.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 12,850 shares of the insurance provider’s stock worth $1,018,000 after buying an additional 1,300 shares during the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. acquired a new stake in American Financial Group in the 4th quarter worth about $1,013,000. 63.68% of the stock is currently owned by institutional investors and hedge funds.
AFG has been the topic of several research analyst reports. Keefe, Bruyette & Woods initiated coverage on American Financial Group in a research note on Thursday, January 10th. They issued a “market perform” rating and a $107.00 price objective on the stock. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share for the quarter, missing the consensus estimate of $1.84 by ($0.09). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. American Financial Group had a net margin of 7.41% and a return on equity of 14.92%. The business’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the firm earned $2.20 earnings per share. Sell-side analysts expect that American Financial Group Inc will post 8.62 EPS for the current fiscal year.
In related news, Director Lehman John I. Von sold 1,359 shares of the firm’s stock in a transaction dated Monday, February 11th. The stock was sold at an average price of $96.54, for a total transaction of $131,197.86. Following the sale, the director now directly owns 9,327 shares in the company, valued at approximately $900,428.58. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Vito C. Peraino sold 1,254 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $96.21, for a total value of $120,647.34. Following the sale, the vice president now owns 79,847 shares in the company, valued at $7,682,079.87. The disclosure for this sale can be found here. Insiders sold a total of 39,281 shares of company stock worth $3,655,427 over the last ninety days. Corporate insiders own 13.70% of the company’s stock.
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About American Financial Group
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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