Frontier Investment Mgmt Co. cut its holdings in shares of American Financial Group Inc (NYSE:AFG) by 19.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,710 shares of the insurance provider’s stock after selling 900 shares during the quarter. Frontier Investment Mgmt Co.’s holdings in American Financial Group were worth $403,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Cerebellum GP LLC purchased a new stake in shares of American Financial Group during the 4th quarter valued at $111,000. Dai Ichi Life Insurance Company Ltd purchased a new stake in shares of American Financial Group during the 3rd quarter valued at $201,000. Signition LP purchased a new stake in shares of American Financial Group during the 4th quarter valued at $204,000. Strategic Global Advisors LLC purchased a new stake in shares of American Financial Group during the 3rd quarter valued at $207,000. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of American Financial Group during the 3rd quarter valued at $211,000. 60.78% of the stock is owned by hedge funds and other institutional investors.
Shares of American Financial Group Inc (NYSE:AFG) opened at $112.12 on Tuesday. 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 stock has a market capitalization of $9,897.39, a price-to-earnings ratio of 21.15, a PEG ratio of 1.13 and a beta of 0.82. American Financial Group Inc has a 12-month low of $92.45 and a 12-month high of $121.69.
American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.53. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.98 EPS. sell-side analysts predict that American Financial Group Inc will post 8.2 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, January 15th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.40 annualized dividend and a dividend yield of 1.25%. American Financial Group’s payout ratio is 26.42%.
Several equities research analysts have recently issued reports on AFG shares. ValuEngine raised American Financial Group from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Bank of America raised their target price 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. Zacks Investment Research raised American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 target price for the company in a research report on Thursday, January 18th. Finally, Sandler O’Neill reaffirmed a “buy” rating and set a $119.00 target price 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 issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $116.75.
In other news, Director Virginia Drosos sold 1,438 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $104.21, for a total transaction of $149,853.98. Following the completion of the transaction, the director now owns 8,034 shares in the company, valued at approximately $837,223.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Vito C. Peraino sold 51,000 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $113.86, for a total value of $5,806,860.00. The disclosure for this sale can be found here. Insiders have sold a total of 202,438 shares of company stock valued at $21,663,214 in the last quarter. 13.70% of the stock is owned by corporate insiders.
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About American Financial Group
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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