American Financial Group, Inc. (NYSE:AFG) Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lessened its stake in American Financial Group, Inc. (NYSE:AFG - Free Report) by 20.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 27,829 shares of the insurance provider's stock after selling 7,231 shares during the quarter. Skandinaviska Enskilda Banken AB publ's holdings in American Financial Group were worth $3,786,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock valued at $47,000 after acquiring an additional 158 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American Financial Group by 91.2% during the 4th quarter. Jones Financial Companies Lllp now owns 520 shares of the insurance provider's stock valued at $71,000 after acquiring an additional 248 shares in the last quarter. Allworth Financial LP lifted its holdings in shares of American Financial Group by 301.1% during the 4th 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 3rd quarter valued at $125,000. Finally, Brooklyn Investment Group purchased a new stake in American Financial Group during the 3rd quarter worth $130,000. Institutional investors and hedge funds own 64.37% of the company's stock.

Remove Ads

American Financial Group Stock Down 0.1 %

American Financial Group stock traded down $0.07 during midday trading on Thursday, hitting $125.15. 518,323 shares of the stock were exchanged, compared to its average volume of 320,183. The company has a 50 day moving average price of $128.96 and a two-hundred day moving average price of $134.12. The firm has a market cap of $10.51 billion, a P/E ratio of 11.84 and a beta of 0.79. American Financial Group, Inc. has a 1 year low of $118.97 and a 1 year high of $150.19. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.53 and a quick ratio of 0.53.

American Financial Group (NYSE:AFG - Get Free Report) last released its earnings results 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 return on equity of 20.30% and a net margin of 10.66%. On average, sell-side analysts predict that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Dividend Announcement

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

Analyst Ratings Changes

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

Insider Activity at American Financial Group

In other American Financial Group news, Director Gregory G. Joseph acquired 3,000 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was acquired 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 in the company, valued at approximately $6,954,717. This represents a 5.51 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 14.50% of the company's stock.

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.