GSA Capital Partners LLP cut its position in shares of American Financial Group Inc (NYSE:AFG) by 16.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,091 shares of the insurance provider’s stock after selling 830 shares during the period. GSA Capital Partners LLP’s holdings in American Financial Group were worth $360,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Public Employees Retirement Association of Colorado increased its stake in shares of American Financial Group by 0.5% in the third quarter. Public Employees Retirement Association of Colorado now owns 2,204 shares of the insurance provider’s stock worth $165,000 after buying an additional 10 shares during the last quarter. Advisor Group Inc. increased its stake in shares of American Financial Group by 3.6% in the third quarter. Advisor Group Inc. now owns 1,531 shares of the insurance provider’s stock worth $115,000 after buying an additional 53 shares during the last quarter. First Citizens Bank & Trust Co. increased its stake in shares of American Financial Group by 1.3% in the third quarter. First Citizens Bank & Trust Co. now owns 7,488 shares of the insurance provider’s stock worth $562,000 after buying an additional 99 shares during the last quarter. M&T Bank Corp increased its stake in shares of American Financial Group by 3.0% in the third quarter. M&T Bank Corp now owns 5,828 shares of the insurance provider’s stock worth $438,000 after buying an additional 169 shares during the last quarter. Finally, Breton Hill Capital Ltd. increased its stake in shares of American Financial Group by 2.1% in the third quarter. Breton Hill Capital Ltd. now owns 8,875 shares of the insurance provider’s stock worth $666,000 after buying an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 59.51% of the company’s stock.
American Financial Group Inc (NYSE:AFG) traded down 0.02% during midday trading on Friday, hitting $95.79. The company had a trading volume of 293,705 shares. The stock has a market cap of $8.34 billion, a PE ratio of 13.07 and a beta of 0.70. American Financial Group Inc has a 52-week low of $68.25 and a 52-week high of $97.00. The stock’s 50-day moving average price is $94.95 and its 200-day moving average price is $86.88.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Friday, April 14th will be paid a dividend of $0.3125 per share. This represents a $1.25 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Tuesday, April 11th. American Financial Group’s dividend payout ratio (DPR) is currently 17.08%.
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A number of brokerages have issued reports on AFG. Zacks Investment Research downgraded American Financial Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Langen Mcalenn reiterated a “buy” rating on shares of American Financial Group in a research report on Friday, December 30th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.67.
In other American Financial Group news, CEO Carl H. Lindner III sold 200,000 shares of American Financial Group stock in a transaction on Monday, February 6th. The shares were sold at an average price of $90.91, for a total transaction of $18,182,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Vito C. Peraino sold 26,709 shares of the firm’s stock in a transaction on Tuesday, March 14th. The shares were sold at an average price of $96.01, for a total transaction of $2,564,331.09. Following the transaction, the vice president now owns 73,832 shares in the company, valued at approximately $7,088,610.32. The disclosure for this sale can be found here. Insiders have sold a total of 280,935 shares of company stock valued at $25,802,667 in the last three months. Company insiders own 14.90% of the company’s stock.
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.
