State Board of Administration of Florida Retirement System Has $8.54 Million Position in American Financial Group Inc (AFG)

State Board of Administration of Florida Retirement System reduced its stake in American Financial Group Inc (NYSE:AFG) by 1.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 94,294 shares of the insurance provider’s stock after selling 1,276 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.11% of American Financial Group worth $8,536,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Lavaca Capital LLC acquired a new position in shares of American Financial Group in the fourth quarter valued at $27,000. Oppenheimer Asset Management Inc. acquired a new position in shares of American Financial Group in the fourth quarter valued at $37,000. Honkamp Krueger Financial Services Inc. acquired a new position in shares of American Financial Group in the third quarter valued at $111,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in shares of American Financial Group by 25,000.0% in the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock valued at $111,000 after purchasing an additional 1,000 shares in the last quarter. Finally, FMR LLC acquired a new position in shares of American Financial Group in the third quarter valued at $113,000. Hedge funds and other institutional investors own 66.04% of the company’s stock.

In other American Financial Group news, CEO Carl H. Lindner III sold 28,668 shares of the company’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total value of $2,610,221.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Gregory G. Joseph purchased 1,000 shares of the stock in a transaction on Wednesday, December 12th. The stock was bought at an average price of $92.91 per share, for a total transaction of $92,910.00. Following the completion of the transaction, the director now directly owns 35,594 shares of the company’s stock, valued at $3,307,038.54. The disclosure for this purchase can be found here. Corporate insiders own 13.70% of the company’s stock.

A number of research analysts recently commented on AFG shares. Keefe, Bruyette & Woods started coverage on American Financial Group in a research note on Thursday, January 10th. They issued a “market perform” rating and a $107.00 target price for the company. Zacks Investment Research restated a “buy” rating and issued a $115.00 target price on shares of American Financial Group in a research note on Monday, November 12th.

Shares of NYSE AFG opened at $97.73 on Wednesday. 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 $8.57 billion, a P/E ratio of 11.63, a PEG ratio of 2.16 and a beta of 0.89. American Financial Group Inc has a one year low of $84.18 and a one year high of $117.50.

American Financial Group (NYSE:AFG) last issued its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.09). The firm had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. American Financial Group had a net margin of 7.41% and a return on equity of 14.80%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. Equities analysts anticipate that American Financial Group Inc will post 8.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Tuesday, January 15th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date was Monday, January 14th. American Financial Group’s dividend payout ratio (DPR) is 19.05%.

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American Financial Group 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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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