Raymond James Financial Services Advisors Inc. cut its position in American Financial Group Inc (NYSE:AFG) by 12.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,234 shares of the insurance provider’s stock after selling 745 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in American Financial Group were worth $542,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Acrospire Investment Management LLC boosted its stake in American Financial Group by 153.6% during the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 800 shares during the last quarter. Bessemer Group Inc. acquired a new position in American Financial Group during the 2nd quarter valued at about $155,000. TLP Group LLC acquired a new position in American Financial Group during the 2nd quarter valued at about $194,000. ETRADE Capital Management LLC acquired a new position in American Financial Group during the 2nd quarter valued at about $216,000. Finally, Public Employees Retirement Association of Colorado boosted its stake in American Financial Group by 1.9% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 2,210 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 42 shares during the last quarter. Institutional investors own 60.46% of the company’s stock.
American Financial Group Inc (AFG) opened at $104.61 on Wednesday. American Financial Group Inc has a 1 year low of $82.92 and a 1 year high of $106.76. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market cap of $9,324.09, a P/E ratio of 16.69, a price-to-earnings-growth ratio of 3.00 and a beta of 0.86.
The business also recently declared a special dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were issued a $2.00 dividend. This represents a dividend yield of 1.33%. The ex-dividend date of this dividend was Thursday, November 16th. This is a boost from American Financial Group’s previous special dividend of $1.50. American Financial Group’s payout ratio is 17.97%.
AFG has been the subject of a number of analyst reports. Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub downgraded American Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Buckingham Research assumed coverage on shares of American Financial Group in a research report on Monday, September 11th. They set a “neutral” rating and a $103.00 target price on the stock.
In related news, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total transaction of $5,310,500.00. 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 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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