American Financial Group Inc (AFG) Shares Bought by Rhumbline Advisers

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Rhumbline Advisers lifted its position in American Financial Group Inc (NYSE:AFG) by 41.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 194,652 shares of the insurance provider’s stock after buying an additional 56,799 shares during the quarter. Rhumbline Advisers’ holdings in American Financial Group were worth $17,622,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Wedge Capital Management L L P NC raised its holdings in shares of American Financial Group by 7.9% in the 4th quarter. Wedge Capital Management L L P NC now owns 8,752 shares of the insurance provider’s stock valued at $792,000 after buying an additional 642 shares during the period. Advisors Asset Management Inc. raised its holdings in shares of American Financial Group by 3.0% in the 4th quarter. Advisors Asset Management Inc. now owns 11,304 shares of the insurance provider’s stock valued at $1,023,000 after buying an additional 329 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of American Financial Group by 55.1% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 45,896 shares of the insurance provider’s stock valued at $4,155,000 after buying an additional 16,300 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of American Financial Group in the 4th quarter valued at $37,000. Finally, Signition LP raised its holdings in shares of American Financial Group by 34.3% in the 4th quarter. Signition LP now owns 4,546 shares of the insurance provider’s stock valued at $412,000 after buying an additional 1,160 shares during the period. Hedge funds and other institutional investors own 66.04% of the company’s stock.

Several research firms recently commented on AFG. Zacks Investment Research cut American Financial Group from a “buy” rating to a “hold” rating in a research note on Wednesday, January 23rd. Keefe, Bruyette & Woods began coverage on American Financial Group in a research note on Thursday, January 10th. They set a “market perform” rating and a $107.00 target price for the company.

In related news, CEO Carl H. Lindner III sold 28,668 shares of the business’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $91.05, for a total transaction of $2,610,221.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Gregory G. Joseph bought 1,000 shares of the stock in a transaction that occurred on Wednesday, December 12th. The shares were bought at an average cost of $92.91 per share, with a total value of $92,910.00. Following the completion of the purchase, the director now directly owns 35,594 shares in the company, valued at $3,307,038.54. The disclosure for this purchase can be found here. Insiders own 13.70% of the company’s stock.

AFG opened at $96.74 on Tuesday. American Financial Group Inc has a 12 month low of $84.18 and a 12 month high of $117.50. The firm has a market cap of $8.57 billion, a P/E ratio of 11.52, a P/E/G ratio of 2.16 and a beta of 0.89. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.25.

American Financial Group (NYSE:AFG) last released its earnings results on Wednesday, January 30th. The insurance provider reported $1.75 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.84 by ($0.09). American Financial Group had a return on equity of 14.80% and a net margin of 7.41%. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the previous year, the firm earned $2.20 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, research analysts forecast that American Financial Group Inc will post 8.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, January 25th. Investors of record on Tuesday, January 15th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, January 14th. This represents a $1.60 annualized dividend and a yield of 1.65%. American Financial Group’s payout ratio is 19.05%.

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About American Financial Group

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.

Further Reading: Float

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

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