Caisse Des Depots ET Consignations Acquires Shares of 10,019 American Financial Group, Inc. (NYSE:AFG)

Caisse Des Depots ET Consignations bought a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,019 shares of the insurance provider's stock, valued at approximately $1,372,000.

Other hedge funds have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of American Financial Group by 17.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 55,269 shares of the insurance provider's stock worth $7,461,000 after purchasing an additional 8,212 shares in the last quarter. Zions Bancorporation N.A. lifted its stake in American Financial Group by 51.9% in the fourth quarter. Zions Bancorporation N.A. now owns 4,584 shares of the insurance provider's stock valued at $628,000 after acquiring an additional 1,567 shares during the last quarter. Vanguard Group Inc. grew its position in shares of American Financial Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 8,287,861 shares of the insurance provider's stock valued at $1,134,857,000 after acquiring an additional 99,560 shares during the period. LPL Financial LLC increased its stake in shares of American Financial Group by 8.4% during the 4th quarter. LPL Financial LLC now owns 6,846 shares of the insurance provider's stock worth $937,000 after purchasing an additional 533 shares during the last quarter. Finally, Simplex Trading LLC bought a new stake in shares of American Financial Group in the 4th quarter valued at about $416,000. Institutional investors own 64.37% of the company's stock.

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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 that occurred on Thursday, February 20th. The shares were acquired at an average cost of $121.00 per share, for a total transaction of $363,000.00. Following the completion of the purchase, the director now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 14.50% of the company's stock.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods downgraded 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 research report on Friday, February 7th.

American Financial Group Stock Performance

Shares of AFG traded up $1.25 during trading hours on Monday, hitting $131.29. The company had a trading volume of 399,668 shares, compared to its average volume of 357,116. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 12.39 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 business has a fifty day moving average of $128.06 and a 200-day moving average of $133.80. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19.

American Financial Group (NYSE:AFG - Get Free Report) last released its quarterly 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 net margin of 10.66% and a return on equity of 20.30%. Equities analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, March 28th. Shareholders of record on Monday, March 17th were issued a $2.00 dividend. The ex-dividend date of this dividend was Monday, March 17th. American Financial Group's dividend payout ratio is 30.27%.

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.