Proficio Capital Partners LLC Purchases New Shares in American Financial Group, Inc. (NYSE:AFG)

Proficio Capital Partners LLC bought a new position in shares of American Financial Group, Inc. (NYSE:AFG - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,439 shares of the insurance provider's stock, valued at approximately $5,127,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of AFG. UMB Bank n.a. raised its stake in American Financial Group by 86.8% during the fourth quarter. UMB Bank n.a. now owns 340 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 158 shares in the last quarter. Jones Financial Companies Lllp raised its stake in American Financial Group by 91.2% during the fourth 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 in the last quarter. Allworth Financial LP raised its stake in American Financial Group by 301.1% during the fourth quarter. Allworth Financial LP now owns 702 shares of the insurance provider's stock valued at $94,000 after purchasing an additional 527 shares in the last quarter. iA Global Asset Management Inc. purchased a new stake in American Financial Group during the third quarter valued at $125,000. Finally, Brooklyn Investment Group purchased a new stake in American Financial Group during the third quarter valued at $130,000. Institutional investors own 64.37% of the company's stock.

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 on Thursday, February 20th. The stock was bought 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. This represents a 5.51 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 14.50% of the stock is currently owned by insiders.

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American Financial Group Stock Down 0.1 %

American Financial Group stock traded down $0.07 during midday trading on Thursday, hitting $125.15. 518,318 shares of the company's stock were exchanged, compared to its average volume of 320,183. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.53 and a current ratio of 0.53. American Financial Group, Inc. has a 12 month low of $118.97 and a 12 month high of $150.19. The firm has a 50-day moving average of $128.96 and a two-hundred day moving average of $134.12. The company has a market cap of $10.51 billion, a PE ratio of 11.84 and a beta of 0.79.

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

American Financial Group Dividend Announcement

The business 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 $2.00 dividend. The ex-dividend date is Monday, March 17th. American Financial Group's payout ratio is currently 30.27%.

Wall Street Analyst Weigh In

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

About American Financial Group

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.