Northwest & Ethical Investments L.P. Acquires 3,720 Shares of American Financial Group, Inc. (NYSE:AFG)

Northwest & Ethical Investments L.P. boosted its position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) by 9.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 41,175 shares of the insurance provider's stock after buying an additional 3,720 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in American Financial Group were worth $5,638,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock worth $47,000 after buying an additional 158 shares during the last quarter. Jones Financial Companies Lllp raised its position 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 during the last quarter. Allworth Financial LP lifted its stake in shares of American Financial Group by 301.1% in the 4th quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 527 shares during the period. iA Global Asset Management Inc. bought a new position in shares of American Financial Group in the 3rd quarter worth $125,000. Finally, Brooklyn Investment Group acquired a new stake in shares of American Financial Group during the third quarter worth $130,000. 64.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

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Insider Buying and Selling at American Financial Group

In related news, Director Gregory G. Joseph acquired 3,000 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $121.00 per share, with a total value of $363,000.00. Following the transaction, the director now owns 57,477 shares of the company's stock, valued at $6,954,717. The trade was a 5.51 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 14.50% of the company's stock.

American Financial Group Trading Up 0.2 %

Shares of AFG stock traded up $0.23 on Tuesday, hitting $128.15. The stock had a trading volume of 432,746 shares, compared to its average volume of 334,054. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.31. American Financial Group, Inc. has a twelve month low of $118.97 and a twelve month high of $150.19. The company has a fifty day moving average price of $128.65 and a two-hundred day moving average price of $133.97. The firm has a market cap of $10.76 billion, a P/E ratio of 12.12 and a beta of 0.79.

American Financial Group (NYSE:AFG - Get Free Report) last posted its earnings results on Tuesday, February 4th. The insurance provider reported $3.12 earnings per share (EPS) 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%. As a group, analysts forecast that American Financial Group, Inc. will post 10.5 earnings per share for the current fiscal year.

American Financial Group Announces Dividend

The business also recently announced a special dividend, which will be paid on Friday, March 28th. Shareholders of record on Monday, March 17th will be issued a dividend of $2.00 per share. The ex-dividend date is Monday, March 17th. American Financial Group's dividend payout ratio (DPR) 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.