AlphaQuest LLC Sells 5,053 Shares of American Financial Group, Inc. (NYSE:AFG)

AlphaQuest LLC cut its holdings in American Financial Group, Inc. (NYSE:AFG - Free Report) by 71.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,025 shares of the insurance provider's stock after selling 5,053 shares during the period. AlphaQuest LLC's holdings in American Financial Group were worth $277,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. increased its holdings in American Financial Group by 86.8% in 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 in the last quarter. Jones Financial Companies Lllp boosted its position in shares of American Financial Group by 91.2% in the fourth quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock worth $71,000 after purchasing an additional 248 shares during the period. Allworth Financial LP increased its stake 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 worth $94,000 after purchasing an additional 527 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in shares of American Financial Group during the 3rd quarter valued at $125,000. Finally, Brooklyn Investment Group purchased a new position in shares of American Financial Group during the 3rd quarter valued at $130,000. Hedge funds and other institutional investors own 64.37% of the company's stock.

Analyst Ratings Changes

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

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Insider Activity

In other news, Director Gregory G. Joseph acquired 3,000 shares of the business's stock in a transaction on Thursday, February 20th. The shares were 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 of the company's stock, valued at approximately $6,954,717. The trade was a 5.51 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.50% of the company's stock.

American Financial Group Price Performance

Shares of AFG traded down $0.47 during midday trading on Wednesday, hitting $125.01. 353,347 shares of the company traded hands, compared to its average volume of 471,262. American Financial Group, Inc. has a 52 week low of $118.97 and a 52 week high of $150.19. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The firm has a 50 day moving average of $129.10 and a 200-day moving average of $134.18. The stock has a market cap of $10.50 billion, a price-to-earnings ratio of 11.83 and a beta of 0.79.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a return on equity of 20.30% and a net margin of 10.66%. On average, analysts forecast 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. Stockholders of record on Monday, March 17th will be issued a $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group's dividend payout ratio (DPR) is 30.27%.

About American Financial Group

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.