Two Sigma Investments LP trimmed its position in American Financial Group Inc (NYSE:AFG) by 97.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,128 shares of the insurance provider’s stock after selling 124,631 shares during the quarter. Two Sigma Investments LP’s holdings in American Financial Group were worth $340,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of American Financial Group by 3.7% in the 3rd quarter. Wells Fargo & Company MN now owns 164,943 shares of the insurance provider’s stock valued at $17,063,000 after buying an additional 5,817 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new position in American Financial Group during the 3rd quarter worth $244,000. California Public Employees Retirement System grew its position in American Financial Group by 3.0% during the 3rd quarter. California Public Employees Retirement System now owns 226,933 shares of the insurance provider’s stock worth $23,476,000 after purchasing an additional 6,675 shares during the last quarter. GSA Capital Partners LLP purchased a new position in American Financial Group during the 3rd quarter worth $211,000. Finally, Public Employees Retirement System of Ohio grew its position in American Financial Group by 71.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 53,742 shares of the insurance provider’s stock worth $5,560,000 after purchasing an additional 22,452 shares during the last quarter. Institutional investors and hedge funds own 62.27% of the company’s stock.
Several analysts have recently commented on AFG shares. Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $124.00 target price for the company in a research note on Thursday, April 12th. Sandler O’Neill reiterated a “buy” rating and issued a $119.00 price objective on shares of American Financial Group in a research note on Wednesday, January 10th. ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, 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 report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $117.00.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $1.98 earnings per share. American Financial Group’s revenue for the quarter was up 7.1% on a year-over-year basis. research analysts predict that American Financial Group Inc will post 8.24 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Friday, April 13th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Thursday, April 12th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.23%. American Financial Group’s payout ratio is currently 21.37%.
In related news, insider John B. Berding sold 5,285 shares of the company’s stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $113.58, for a total value of $600,270.30. Following the sale, the insider now directly owns 59,585 shares of the company’s stock, valued at $6,767,664.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Vito C. Peraino sold 51,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were 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. Insiders own 13.70% of the company’s stock.
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American Financial Group 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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