Texas Permanent School Fund Grows Position in American Financial Group Inc (AFG)

Texas Permanent School Fund lifted its stake in shares of American Financial Group Inc (NYSE:AFG) by 3.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,907 shares of the insurance provider’s stock after acquiring an additional 1,766 shares during the period. Texas Permanent School Fund’s holdings in American Financial Group were worth $4,609,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in AFG. Lavaca Capital LLC acquired a new position in American Financial Group during the fourth quarter worth $27,000. Oregon Public Employees Retirement Fund raised its holdings in American Financial Group by 8,953.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,456,350 shares of the insurance provider’s stock worth $27,000 after buying an additional 2,429,217 shares during the last quarter. Brand Asset Management Group Inc. acquired a new position in American Financial Group during the first quarter worth $30,000. Oppenheimer Asset Management Inc. acquired a new position in American Financial Group during the fourth quarter worth $37,000. Finally, Fort L.P. acquired a new position in American Financial Group during the fourth quarter worth $46,000. Institutional investors own 63.92% of the company’s stock.

In other news, CEO S Craig Lindner sold 30,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $102.75, for a total value of $3,082,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Carl H. Lindner III sold 83,436 shares of the company’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $98.06, for a total transaction of $8,181,734.16. The disclosure for this sale can be found here. In the last quarter, insiders sold 362,001 shares of company stock valued at $36,293,390. Company insiders own 11.90% of the company’s stock.

AFG opened at $103.13 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.14 and a current ratio of 0.15. American Financial Group Inc has a 1-year low of $84.18 and a 1-year high of $115.00. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.92 and a beta of 0.90.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, May 1st. The insurance provider reported $2.02 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.05 by ($0.03). American Financial Group had a return on equity of 13.90% and a net margin of 9.45%. The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company posted $2.42 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities research analysts anticipate that American Financial Group Inc will post 8.65 earnings per share for the current year.

The company also recently announced a special dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 15th will be paid a $1.50 dividend. The ex-dividend date is Tuesday, May 14th. This represents a dividend yield of 1.56%. American Financial Group’s payout ratio is 19.05%.

Separately, Zacks Investment Research upgraded shares of American Financial Group from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Friday, January 18th.

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About American Financial Group

American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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