Bank of Montreal Can trimmed its holdings in shares of American Financial Group Inc (NYSE:AFG) by 87.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 11,831 shares of the insurance provider’s stock after selling 81,690 shares during the period. Bank of Montreal Can’s holdings in American Financial Group were worth $1,284,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Dai Ichi Life Insurance Company Ltd purchased a new position in shares of American Financial Group during the third quarter valued at approximately $201,000. Strategic Global Advisors LLC purchased a new position in American Financial Group in the 3rd quarter worth approximately $207,000. GSA Capital Partners LLP purchased a new position in American Financial Group in the 3rd quarter worth approximately $211,000. Checchi Capital Advisers LLC purchased a new position in American Financial Group in the 3rd quarter worth approximately $211,000. Finally, Ladenburg Thalmann Financial Services Inc. purchased a new position in American Financial Group in the 3rd quarter worth approximately $244,000. Hedge funds and other institutional investors own 60.38% of the company’s stock.
AFG has been the subject of a number of recent analyst reports. Sandler O’Neill restated a “buy” rating and issued a $119.00 price objective on shares of American Financial Group in a report on Wednesday, January 10th. ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America boosted their price objective on shares of American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Finally, Zacks Investment Research lowered shares of American Financial Group from a “buy” rating to a “hold” rating in a report on Thursday, December 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $116.75.
American Financial Group Inc (NYSE:AFG) opened at $112.12 on Friday. American Financial Group Inc has a 1-year low of $92.45 and a 1-year high of $121.69. The firm has a market cap of $9,870.00, a P/E ratio of 18.05, a P/E/G ratio of 1.11 and a beta of 0.82. 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 (NYSE:AFG) last announced its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.67 by $0.53. American Financial Group had a net margin of 6.92% and a return on equity of 11.10%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $1.98 EPS. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. analysts anticipate that American Financial Group Inc will post 8.2 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Monday, January 15th were paid a dividend of $0.35 per share. The ex-dividend date was Thursday, January 11th. This represents a $1.40 dividend on an annualized basis and a yield of 1.25%. American Financial Group’s dividend payout ratio is presently 22.54%.
In other American Financial Group news, CEO Carl H. Lindner III sold 150,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total transaction of $15,706,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Vito C. Peraino sold 51,000 shares of the business’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. Over the last quarter, insiders have sold 202,438 shares of company stock valued at $21,663,214. Company insiders own 14.90% 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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