American Financial Group, Inc. (NYSE:AFG) Shares Purchased by Slagle Financial LLC

Slagle Financial LLC raised its position in shares of American Financial Group, Inc. (NYSE:AFG) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,133 shares of the insurance provider’s stock after purchasing an additional 557 shares during the period. Slagle Financial LLC’s holdings in American Financial Group were worth $1,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. boosted its position in American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 158 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of American Financial Group by 91.2% in the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 248 shares during the period. Allworth Financial LP boosted its holdings in shares of American Financial Group by 301.1% in the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider’s stock valued at $94,000 after acquiring an additional 527 shares in the last quarter. iA Global Asset Management Inc. acquired a new position in shares of American Financial Group during the third quarter valued at approximately $125,000. Finally, Brooklyn Investment Group bought a new position in American Financial Group during the 3rd quarter valued at $130,000. 64.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the acquisition, the director now owns 57,477 shares in the company, valued at approximately $6,954,717. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 14.50% of the company’s stock.

American Financial Group Price Performance

NYSE:AFG opened at $127.87 on Friday. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The firm has a market cap of $10.74 billion, a PE ratio of 12.10 and a beta of 0.79. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $128.17 and its two-hundred day moving average price is $133.84.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. On average, equities analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The business also recently announced a special dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be given a $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group’s dividend payout ratio is currently 30.27%.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lowered American Financial Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

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.