American Financial Group Inc (AFG) Stake Boosted by State of Alaska Department of Revenue

State of Alaska Department of Revenue lifted its position in shares of American Financial Group Inc (NYSE:AFG) by 64.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,548 shares of the insurance provider’s stock after purchasing an additional 4,920 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Financial Group were worth $1,206,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lavaca Capital LLC bought a new position in shares of American Financial Group during the fourth quarter worth $27,000. Oppenheimer Asset Management Inc. bought a new position in shares of American Financial Group during the fourth quarter worth $37,000. Fort L.P. bought a new position in shares of American Financial Group during the fourth quarter worth $46,000. Enlightenment Research LLC bought a new position in shares of American Financial Group during the fourth quarter worth $63,000. Finally, FMR LLC bought a new position in shares of American Financial Group during the third quarter worth $113,000. 64.19% of the stock is currently owned by institutional investors.

Shares of NYSE:AFG opened at $100.00 on Friday. American Financial Group Inc has a 12 month low of $84.18 and a 12 month high of $117.50. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.26. The firm has a market cap of $8.96 billion, a P/E ratio of 11.90, a P/E/G ratio of 1.86 and a beta of 0.88.

American Financial Group (NYSE:AFG) last issued its quarterly earnings data on Wednesday, January 30th. The insurance provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.09). American Financial Group had a return on equity of 14.92% and a net margin of 7.41%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the business earned $2.20 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. Research analysts predict that American Financial Group Inc will post 8.62 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, April 15th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, April 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.60%. American Financial Group’s payout ratio is 19.05%.

In other American Financial Group news, CEO Carl H. Lindner III sold 74,940 shares of American Financial Group stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $96.08, for a total value of $7,200,235.20. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Vito C. Peraino sold 1,254 shares of American Financial Group stock in a transaction on Monday, March 11th. The shares were sold at an average price of $96.21, for a total transaction of $120,647.34. Following the completion of 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. Over the last 90 days, insiders have sold 168,989 shares of company stock worth $16,427,175. 13.70% of the stock is currently owned by company insiders.

A number of equities research analysts recently commented on AFG shares. Keefe, Bruyette & Woods started coverage on shares of American Financial Group in a report on Thursday, January 10th. They set a “market perform” rating and a $107.00 price objective on the stock. Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Wednesday, January 23rd.

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American Financial Group Profile

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

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