American Financial Group, Inc. (NYSE:AFG) Shares Sold by Crestline Management LP

Crestline Management LP cut its holdings in American Financial Group, Inc. (NYSE:AFG) by 4.5% during the fourth quarter, HoldingsChannel reports. The firm owned 5,452 shares of the insurance provider’s stock after selling 255 shares during the period. Crestline Management LP’s holdings in American Financial Group were worth $747,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Crossmark Global Holdings Inc. increased its position in American Financial Group by 1.4% in the 4th quarter. Crossmark Global Holdings Inc. now owns 5,798 shares of the insurance provider’s stock valued at $794,000 after acquiring an additional 81 shares during the period. Horan Securities Inc. grew its stake in shares of American Financial Group by 3.2% in the 4th quarter. Horan Securities Inc. now owns 2,595 shares of the insurance provider’s stock valued at $355,000 after purchasing an additional 81 shares during the last quarter. Shoker Investment Counsel Inc. increased its holdings in shares of American Financial Group by 3.3% in the fourth quarter. Shoker Investment Counsel Inc. now owns 2,648 shares of the insurance provider’s stock valued at $363,000 after purchasing an additional 85 shares during the period. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of American Financial Group by 4.6% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 2,226 shares of the insurance provider’s stock worth $305,000 after purchasing an additional 97 shares during the last quarter. Finally, Legacy Financial Advisors Inc. lifted its holdings in shares of American Financial Group by 2.5% during the fourth quarter. Legacy Financial Advisors Inc. now owns 4,127 shares of the insurance provider’s stock worth $565,000 after purchasing an additional 100 shares during the period. 64.37% of the stock is owned by hedge funds and other institutional investors.

American Financial Group Price Performance

American Financial Group stock opened at $122.15 on Friday. The company has a market cap of $10.22 billion, a P/E ratio of 11.56 and a beta of 0.72. American Financial Group, Inc. has a one year low of $114.73 and a one year high of $150.19. The business has a fifty day moving average of $126.43 and a two-hundred day moving average of $131.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53.

American Financial Group (NYSE:AFG) last announced its quarterly earnings data on Tuesday, May 6th. The insurance provider reported $1.81 EPS for the quarter, missing the consensus estimate of $2.17 by ($0.36). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. The company had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the business earned $2.76 EPS. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis. As a group, analysts predict 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 quarterly dividend, which was paid on Friday, April 25th. Investors of record on Tuesday, April 15th were paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend was Tuesday, April 15th. American Financial Group’s payout ratio is currently 30.27%.

Insider Buying and Selling

In other news, Director Gregory G. Joseph purchased 3,000 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was acquired at an average price of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the transaction, the director now directly owns 57,477 shares in the company, valued at $6,954,717. This represents a 5.51 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 17.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods dropped their price objective on shares of American Financial Group from $126.00 to $125.00 and set a “market perform” rating on the stock in a research note on Friday.

American Financial Group Profile

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.