Victory Capital Management Inc. grew its stake in shares of American Financial Group Inc (NYSE:AFG) by 5.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,204,941 shares of the insurance provider’s stock after buying an additional 109,007 shares during the period. American Financial Group accounts for approximately 0.5% of Victory Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Victory Capital Management Inc. owned approximately 2.47% of American Financial Group worth $199,613,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Walthausen & Co. LLC purchased a new stake in American Financial Group in the 3rd quarter worth approximately $6,871,000. Wells Fargo & Company MN lifted its position in American Financial Group by 81.2% in the 3rd quarter. Wells Fargo & Company MN now owns 581,427 shares of the insurance provider’s stock worth $64,521,000 after buying an additional 260,539 shares in the last quarter. Legal & General Group Plc lifted its position in American Financial Group by 2.0% in the 3rd quarter. Legal & General Group Plc now owns 193,067 shares of the insurance provider’s stock worth $21,424,000 after buying an additional 3,808 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in American Financial Group by 0.8% in the 4th quarter. Gateway Investment Advisers LLC now owns 155,049 shares of the insurance provider’s stock worth $14,037,000 after buying an additional 1,175 shares in the last quarter. Finally, LifePlan Financial Group Inc lifted its position in American Financial Group by 27.6% in the 4th quarter. LifePlan Financial Group Inc now owns 1,166 shares of the insurance provider’s stock worth $106,000 after buying an additional 252 shares in the last quarter. 66.04% of the stock is owned by institutional investors.
In related news, CEO Carl H. Lindner III sold 28,668 shares of the firm’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $91.05, for a total value of $2,610,221.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gregory G. Joseph bought 1,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The stock was purchased at an average price of $92.91 per share, for a total transaction of $92,910.00. Following the completion of the purchase, the director now directly owns 35,594 shares in the company, valued at approximately $3,307,038.54. The disclosure for this purchase can be found here. 13.70% of the stock is currently owned by company insiders.
Shares of American Financial Group stock traded up $0.46 during midday trading on Tuesday, reaching $97.20. 1,554 shares of the company’s stock traded hands, compared to its average volume of 399,021. The company has a market capitalization of $8.57 billion, a P/E ratio of 11.62, a P/E/G ratio of 2.16 and a beta of 0.89. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 0.25. American Financial Group Inc has a 52 week low of $84.18 and a 52 week high of $117.50.
American Financial Group (NYSE:AFG) last released its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.09). The business had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.28 billion. American Financial Group had a net margin of 7.41% and a return on equity of 14.80%. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.20 EPS. On average, equities research analysts predict that American Financial Group Inc will post 8.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Tuesday, January 15th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, January 14th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.65%. American Financial Group’s dividend payout ratio is currently 19.05%.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of American Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Keefe, Bruyette & Woods initiated 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 target on the stock.
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American Financial Group Company Profile
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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