Amundi Sells 77,250 Shares of American Financial Group, Inc. (NYSE:AFG)

Amundi lessened its holdings in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 18.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 342,313 shares of the insurance provider's stock after selling 77,250 shares during the quarter. Amundi owned approximately 0.41% of American Financial Group worth $45,880,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its position 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 purchasing an additional 158 shares during the last quarter. 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 valued at $71,000 after purchasing an additional 248 shares during the last quarter. Allworth Financial LP boosted its holdings in 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. acquired a new position in American Financial Group during the third quarter worth $125,000. Finally, Brooklyn Investment Group bought a new position in American Financial Group during the third quarter valued at about $130,000. Institutional investors and hedge funds own 64.37% of the company's stock.

Analysts Set New Price Targets

AFG has been the topic of a number of analyst reports. Keefe, Bruyette & Woods lowered American Financial Group from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $164.00 to $144.00 in a report on Friday, February 7th. BMO Capital Markets boosted their price objective on shares of American Financial Group from $135.00 to $143.00 and gave the stock a "market perform" rating in a research note on Friday, November 15th.

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Insider Transactions at American Financial Group

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

American Financial Group Stock Performance

NYSE AFG traded up $1.16 during trading on Thursday, hitting $124.88. The company's stock had a trading volume of 482,665 shares, compared to its average volume of 318,484. American Financial Group, Inc. has a 52 week low of $118.97 and a 52 week high of $150.19. 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 firm has a market cap of $10.49 billion, a P/E ratio of 11.81 and a beta of 0.79. The firm has a 50 day moving average price of $129.72 and a 200 day moving average price of $134.34.

American Financial Group (NYSE:AFG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share 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%. Equities research analysts forecast 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 announced 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 of this dividend is Monday, March 17th. American Financial Group's payout ratio is currently 30.27%.

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.