Capital Fund Management S.A. trimmed its holdings in shares of American Financial Group Inc (NYSE:AFG) by 50.4% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,000 shares of the insurance provider’s stock after selling 23,400 shares during the period. Capital Fund Management S.A.’s holdings in American Financial Group were worth $2,496,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Cerebellum GP LLC acquired a new position in American Financial Group during the fourth quarter valued at $111,000. Signition LP acquired a new position in American Financial Group during the fourth quarter valued at $204,000. Dai Ichi Life Insurance Company Ltd acquired a new position in American Financial Group during the third quarter valued at $201,000. Strategic Global Advisors LLC acquired a new position in American Financial Group during the third quarter valued at $207,000. Finally, GSA Capital Partners LLP acquired a new position in American Financial Group during the third quarter valued at $211,000. 60.78% of the stock is currently owned by hedge funds and other institutional investors.
American Financial Group Inc (NYSE AFG) opened at $112.12 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19. American Financial Group Inc has a 52-week low of $92.45 and a 52-week high of $121.69. The firm has a market capitalization of $9,897.39, a PE ratio of 21.15, a price-to-earnings-growth ratio of 1.13 and a beta of 0.82.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, January 11th. American Financial Group’s payout ratio is currently 26.42%.
In other American Financial Group news, CEO Carl H. Lindner III sold 150,000 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $104.71, for a total value of $15,706,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Virginia Drosos sold 1,438 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $104.21, for a total value of $149,853.98. Following the completion of the transaction, the director now directly owns 8,034 shares in the company, valued at $837,223.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 202,438 shares of company stock worth $21,663,214. Insiders own 13.70% of the company’s stock.
Several research analysts recently weighed in on the company. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Wednesday, December 20th. ValuEngine raised American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America upped their price target on American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Thursday, February 1st. Finally, Sandler O’Neill reissued a “buy” rating and set a $119.00 price target on shares of American Financial Group in a research report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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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