Veriti Management LLC bought a new position in American Financial Group, Inc. (NYSE:AFG – Get Rating) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,390 shares of the insurance provider’s stock, valued at approximately $202,000.
Several other large investors have also bought and sold shares of the company. CIBC Asset Management Inc grew its position in American Financial Group by 7.9% during the fourth quarter. CIBC Asset Management Inc now owns 3,665 shares of the insurance provider’s stock valued at $503,000 after purchasing an additional 269 shares in the last quarter. Dorsey Wright & Associates increased its position in shares of American Financial Group by 511.1% during the 4th quarter. Dorsey Wright & Associates now owns 16,604 shares of the insurance provider’s stock worth $2,280,000 after purchasing an additional 13,887 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of American Financial Group by 382.1% during the third quarter. Cubist Systematic Strategies LLC now owns 7,819 shares of the insurance provider’s stock worth $984,000 after purchasing an additional 6,197 shares during the last quarter. JB Capital LLC increased its holdings in shares of American Financial Group by 8.0% in the fourth quarter. JB Capital LLC now owns 3,185 shares of the insurance provider’s stock valued at $437,000 after purchasing an additional 236 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new stake in American Financial Group during the 4th quarter worth about $2,187,000. Institutional investors own 64.93% of the company’s stock.
Several research analysts have recently weighed in on the stock. StockNews.com initiated coverage on shares of American Financial Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Keefe, Bruyette & Woods boosted their target price on American Financial Group to $178.00 and gave the stock a “na” rating in a report on Monday, May 16th.
NYSE:AFG opened at $137.53 on Monday. American Financial Group, Inc. has a 52 week low of $119.07 and a 52 week high of $152.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.45 and a current ratio of 0.45. The firm’s fifty day moving average is $139.57 and its 200-day moving average is $138.31. The firm has a market cap of $11.70 billion, a P/E ratio of 6.30 and a beta of 0.91.
American Financial Group (NYSE:AFG – Get Rating) last issued its earnings results on Wednesday, May 4th. The insurance provider reported $3.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.45 by $1.11. The company had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.41 billion. American Financial Group had a return on equity of 21.08% and a net margin of 28.14%. American Financial Group’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $2.38 EPS. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 10.98 earnings per share for the current year.
The firm also recently disclosed a None dividend, which was paid on Friday, May 27th. Stockholders of record on Friday, May 20th were issued a dividend of $8.56 per share. This is a boost from American Financial Group’s previous None dividend of $2.00. The ex-dividend date was Thursday, May 19th. American Financial Group’s dividend payout ratio (DPR) is currently 10.26%.
In related news, Director Terry S. Jacobs sold 293 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $140.03, for a total value of $41,028.79. Following the transaction, the director now owns 6,850 shares of the company’s stock, valued at approximately $959,205.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 14.60% of the company’s stock.
About American Financial Group (Get Rating)
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. It offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general 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 lending and leasing institutions, fidelity and surety products, and trade credit insurance.
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