Great West Life Assurance Co. Can Has $8.87 Million Stake in American Financial Group Inc (AFG)

Great West Life Assurance Co. Can lessened its position in shares of American Financial Group Inc (NYSE:AFG) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 79,890 shares of the insurance provider’s stock after selling 3,146 shares during the quarter. Great West Life Assurance Co. Can owned about 0.09% of American Financial Group worth $8,873,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of American Financial Group in the second quarter valued at approximately $225,000. Alps Advisors Inc. grew its stake in shares of American Financial Group by 146.0% in the second quarter. Alps Advisors Inc. now owns 4,693 shares of the insurance provider’s stock valued at $509,000 after buying an additional 2,785 shares in the last quarter. Crossmark Global Holdings Inc. grew its stake in shares of American Financial Group by 6.8% in the second quarter. Crossmark Global Holdings Inc. now owns 10,379 shares of the insurance provider’s stock valued at $1,114,000 after buying an additional 660 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of American Financial Group by 6.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 238,023 shares of the insurance provider’s stock valued at $25,547,000 after buying an additional 14,804 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of American Financial Group by 135.1% in the second quarter. Wells Fargo & Company MN now owns 320,888 shares of the insurance provider’s stock valued at $34,442,000 after buying an additional 184,397 shares in the last quarter. 62.79% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:AFG opened at $95.19 on Friday. American Financial Group Inc has a 1-year low of $94.97 and a 1-year high of $121.69. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.17 and a quick ratio of 0.17. The firm has a market capitalization of $8.69 billion, a P/E ratio of 11.00, a PEG ratio of 0.90 and a beta of 0.84.

American Financial Group (NYSE:AFG) last released its earnings results on Tuesday, October 30th. The insurance provider reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.31. American Financial Group had a net margin of 9.98% and a return on equity of 15.39%. The business had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the business earned $1.06 earnings per share. The firm’s revenue was up 4.7% on a year-over-year basis. As a group, sell-side analysts anticipate that American Financial Group Inc will post 8.6 EPS for the current year.

The company also recently announced a special dividend, which was paid on Monday, November 26th. Investors of record on Friday, November 16th were paid a $1.50 dividend. The ex-dividend date was Thursday, November 15th. American Financial Group’s dividend payout ratio is presently 24.43%.

In related news, CEO Carl H. Lindner III sold 181,000 shares of the firm’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $113.49, for a total value of $20,541,690.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 14.90% of the stock is currently owned by company insiders.

Several equities analysts recently weighed in on AFG shares. Zacks Investment Research reissued a “buy” rating and issued a $115.00 target price on shares of American Financial Group in a research note on Monday, November 12th. ValuEngine cut shares of American Financial Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $118.67.

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About American Financial Group

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; 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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