HighTower Advisors LLC boosted its stake in American Financial Group, Inc. (NYSE:AFG – Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,658 shares of the insurance provider’s stock after buying an additional 1,685 shares during the period. HighTower Advisors LLC’s holdings in American Financial Group were worth $1,870,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Natixis Advisors LLC grew its stake in shares of American Financial Group by 3.1% in the third quarter. Natixis Advisors LLC now owns 17,929 shares of the insurance provider’s stock valued at $2,413,000 after buying an additional 544 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in American Financial Group by 7.3% during the 3rd quarter. Thrivent Financial for Lutherans now owns 16,952 shares of the insurance provider’s stock valued at $2,282,000 after acquiring an additional 1,146 shares during the period. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in American Financial Group in the 3rd quarter valued at about $210,000. Charles Schwab Investment Management Inc. grew its position in American Financial Group by 8.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 503,115 shares of the insurance provider’s stock valued at $67,719,000 after acquiring an additional 39,623 shares in the last quarter. Finally, Citigroup Inc. increased its stake in American Financial Group by 17.7% during the third quarter. Citigroup Inc. now owns 84,910 shares of the insurance provider’s stock worth $11,429,000 after purchasing an additional 12,749 shares during the period. Institutional investors and hedge funds own 64.37% of the company’s stock.
American Financial Group Trading Down 0.1 %
AFG opened at $125.03 on Monday. The business has a fifty day moving average price of $128.72 and a 200 day moving average price of $134.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The stock has a market capitalization of $10.50 billion, a price-to-earnings ratio of 11.83 and a beta of 0.79.
American Financial Group (NYSE:AFG – Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. Sell-side analysts expect that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.
American Financial Group Dividend Announcement
The company also recently disclosed a special dividend, which will be paid on Friday, March 28th. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group’s payout ratio is 30.27%.
Insider Transactions at American Financial Group
In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the acquisition, the director now owns 57,477 shares in the company, valued at $6,954,717. The trade was a 5.51 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 14.50% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Keefe, Bruyette & Woods lowered shares of American Financial Group from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $164.00 to $144.00 in a research note on Friday, February 7th.
Get Our Latest Report on American Financial Group
About American Financial Group
(Free Report)
American Financial Group, Inc, an insurance holding company, provides specialty property and casualty insurance products in the United States. The company offers property and transportation insurance products, such as physical damage and liability coverage for buses and trucks, inland and ocean marine, agricultural-related products, and other commercial property and specialty transportation coverages; specialty casualty insurance, including primarily excess and surplus, executive and professional liability, general liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers’ compensation insurance; and specialty financial insurance products comprising risk management insurance programs for lending and leasing institutions, fidelity and surety products, and trade credit insurance.
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