First Trust Advisors LP grew its position in shares of American Financial Group Inc (NYSE:AFG) by 89.1% during the fourth quarter, Holdings Channel reports. The fund owned 200,734 shares of the insurance provider’s stock after purchasing an additional 94,603 shares during the quarter. First Trust Advisors LP’s holdings in American Financial Group were worth $21,788,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its stake in shares of American Financial Group by 166.0% during the 3rd quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock worth $49,931,000 after purchasing an additional 301,200 shares during the period. APG Asset Management N.V. raised its stake in shares of American Financial Group by 182.7% during the 3rd quarter. APG Asset Management N.V. now owns 292,900 shares of the insurance provider’s stock worth $30,301,000 after purchasing an additional 189,300 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of American Financial Group by 359.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock worth $20,312,000 after purchasing an additional 153,586 shares during the period. Victory Capital Management Inc. raised its stake in shares of American Financial Group by 5.7% during the 4th quarter. Victory Capital Management Inc. now owns 1,975,902 shares of the insurance provider’s stock worth $214,463,000 after purchasing an additional 106,980 shares during the period. Finally, Schroder Investment Management Group raised its stake in shares of American Financial Group by 30.9% during the 3rd quarter. Schroder Investment Management Group now owns 398,057 shares of the insurance provider’s stock worth $41,362,000 after purchasing an additional 93,879 shares during the period. 60.78% of the stock is currently owned by hedge funds and other institutional investors.
In related news, VP Vito C. Peraino sold 51,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.86, for a total value of $5,806,860.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Virginia Drosos sold 1,438 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $104.21, for a total value of $149,853.98. Following the completion of the sale, the director now owns 8,034 shares in the company, valued at $837,223.14. The disclosure for this sale can be found here. Insiders sold a total of 202,438 shares of company stock worth $21,663,214 over the last 90 days. 14.90% of the stock is currently owned by company insiders.
AFG has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded American Financial Group from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. Sandler O’Neill reiterated a “buy” rating and set a $119.00 target price on shares of American Financial Group in a research note on Wednesday, January 10th. Bank of America lifted their target price on American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, ValuEngine upgraded American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $116.75.
Shares of American Financial Group Inc (AFG) opened at $112.44 on Friday. The company has a market capitalization of $9,925.64, a price-to-earnings ratio of 17.14, a PEG ratio of 1.13 and a beta of 0.82. American Financial Group Inc has a 52 week low of $92.45 and a 52 week high of $121.69. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.19 and a current ratio of 0.19.
American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 EPS for the quarter, topping the Zacks’ consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the business posted $1.98 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. research analysts predict that American Financial Group Inc will post 8.2 earnings per share for the current fiscal year.
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American Financial Group Company 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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