Cramer Rosenthal Mcglynn LLC increased its stake in American Financial Group Inc (NYSE:AFG) by 25.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 266,158 shares of the insurance provider’s stock after purchasing an additional 54,425 shares during the period. Cramer Rosenthal Mcglynn LLC owned 0.30% of American Financial Group worth $28,889,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in American Financial Group in the 4th quarter worth approximately $111,000. Fuller & Thaler Asset Management Inc. acquired a new stake in American Financial Group in the 4th quarter worth approximately $119,000. Signition LP acquired a new stake in American Financial Group in the 4th quarter worth approximately $204,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in American Financial Group in the 3rd quarter worth approximately $201,000. Finally, Strategic Global Advisors LLC acquired a new stake in American Financial Group in the 3rd quarter worth approximately $207,000. Institutional investors own 62.32% of the company’s stock.
In other American Financial Group news, Director Gregory G. Joseph purchased 500 shares of American Financial Group stock in a transaction on Monday, February 26th. The stock was bought at an average cost of $113.50 per share, with a total value of $56,750.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Vito C. Peraino sold 51,000 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $113.86, for a total transaction of $5,806,860.00. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.67 by $0.53. American Financial Group had a net margin of 6.92% and a return on equity of 11.09%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm posted $1.98 EPS. American Financial Group’s revenue for the quarter was up 7.1% compared to the same quarter last year. analysts anticipate that American Financial Group Inc will post 8.2 earnings per share for the current fiscal year.
A number of analysts recently commented on AFG shares. Sandler O’Neill reiterated a “buy” rating and issued a $119.00 target price on shares of American Financial Group in a research note on Wednesday, January 10th. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 target price for the company in a research note on Wednesday, December 20th. Bank of America lifted their target price on shares of American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. American Financial Group currently has an average rating of “Buy” and an average target price of $116.75.
American Financial Group Company 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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