California State Teachers Retirement System lowered its stake in American Financial Group Inc (NYSE:AFG) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 117,854 shares of the insurance provider’s stock after selling 1,417 shares during the period. California State Teachers Retirement System owned approximately 0.13% of American Financial Group worth $10,669,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA grew its position in American Financial Group by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 21,095 shares of the insurance provider’s stock worth $1,910,000 after acquiring an additional 120 shares in the last quarter. State of Alaska Department of Revenue grew its position in American Financial Group by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 7,628 shares of the insurance provider’s stock worth $690,000 after acquiring an additional 147 shares in the last quarter. Advisor Group Inc. grew its position in American Financial Group by 18.5% in the fourth quarter. Advisor Group Inc. now owns 1,046 shares of the insurance provider’s stock worth $94,000 after acquiring an additional 163 shares in the last quarter. Daiwa Securities Group Inc. grew its position in American Financial Group by 6.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 2,854 shares of the insurance provider’s stock worth $258,000 after acquiring an additional 180 shares in the last quarter. Finally, LifePlan Financial Group Inc grew its position in American Financial Group by 27.6% in the fourth quarter. LifePlan Financial Group Inc now owns 1,166 shares of the insurance provider’s stock worth $106,000 after acquiring an additional 252 shares in the last quarter. Institutional investors own 63.29% of the company’s stock.
Shares of NYSE:AFG opened at $96.25 on Wednesday. American Financial Group Inc has a 1 year low of $84.18 and a 1 year high of $117.50. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 11.65, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.26.
In other American Financial Group news, Director James E. Evans sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $99.17, for a total transaction of $793,360.00. Following the completion of the transaction, the director now owns 137,309 shares in the company, valued at $13,616,933.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Vito C. Peraino sold 1,254 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $96.21, for a total value of $120,647.34. Following the transaction, the vice president now owns 79,847 shares of the company’s stock, valued at approximately $7,682,079.87. The disclosure for this sale can be found here. Insiders have sold 10,613 shares of company stock valued at $1,045,205 in the last 90 days. Company insiders own 13.70% of the company’s stock.
Several brokerages have issued reports on AFG. Zacks Investment Research lowered American Financial Group from a “buy” rating to a “hold” rating in a research report on Wednesday, January 23rd. Keefe, Bruyette & Woods began coverage on American Financial Group in a research report on Thursday, January 10th. They set a “market perform” rating and a $107.00 target price for the company.
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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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