American Financial Group, Inc. (NYSE:AFG) Position Trimmed by American Financial Group Inc. 401 K Retirement & Savings Plan

American Financial Group Inc. 401 K Retirement & Savings Plan reduced its position in American Financial Group, Inc. (NYSE:AFG - Free Report) by 0.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,593,700 shares of the insurance provider's stock after selling 3,858 shares during the quarter. American Financial Group makes up about 100.0% of American Financial Group Inc. 401 K Retirement & Savings Plan's holdings, making the stock its largest position. American Financial Group Inc. 401 K Retirement & Savings Plan owned about 3.09% of American Financial Group worth $355,155,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in AFG. Bank of New York Mellon Corp boosted its holdings in shares of American Financial Group by 26.2% in the fourth quarter. Bank of New York Mellon Corp now owns 997,340 shares of the insurance provider's stock worth $136,566,000 after acquiring an additional 207,285 shares during the period. FMR LLC lifted its holdings in American Financial Group by 3.8% during the 3rd quarter. FMR LLC now owns 5,516,351 shares of the insurance provider's stock worth $742,501,000 after purchasing an additional 202,522 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in American Financial Group by 78.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 333,078 shares of the insurance provider's stock worth $44,832,000 after purchasing an additional 146,237 shares during the period. Geode Capital Management LLC grew its holdings in American Financial Group by 10.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,553,207 shares of the insurance provider's stock valued at $208,699,000 after buying an additional 143,820 shares in the last quarter. Finally, State Street Corp grew its holdings in American Financial Group by 4.0% during the 3rd quarter. State Street Corp now owns 2,693,356 shares of the insurance provider's stock valued at $362,526,000 after buying an additional 104,172 shares in the last quarter. 64.37% of the stock is currently owned by institutional investors.

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American Financial Group Price Performance

AFG traded up $2.33 on Friday, reaching $130.10. The company had a trading volume of 624,233 shares, compared to its average volume of 356,797. American Financial Group, Inc. has a 52-week low of $118.97 and a 52-week high of $150.19. The company has a market cap of $10.93 billion, a price-to-earnings ratio of 12.31 and a beta of 0.79. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. The business has a 50 day simple moving average of $128.06 and a 200 day simple moving average of $133.80.

American Financial Group (NYSE:AFG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.03). American Financial Group had a net margin of 10.66% and a return on equity of 20.30%. As a group, sell-side analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current year.

American Financial Group Announces Dividend

The company also recently declared a special dividend, which will be paid on Friday, March 28th. Investors of record on Monday, March 17th will be paid a $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group's payout ratio is 30.27%.

Insider Activity at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of American Financial Group stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now directly owns 57,477 shares of the company's stock, valued at $6,954,717. This trade represents a 5.51 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

American Financial Group Company 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.