Voloridge Investment Management LLC lifted its stake in American Financial Group Inc (NYSE:AFG) by 16.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,747 shares of the insurance provider’s stock after purchasing an additional 2,762 shares during the quarter. Voloridge Investment Management LLC’s holdings in American Financial Group were worth $2,130,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in AFG. FMR LLC lifted its position in American Financial Group by 26.4% in the first quarter. FMR LLC now owns 1,057 shares of the insurance provider’s stock worth $101,000 after buying an additional 221 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in American Financial Group by 208.1% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 207,616 shares of the insurance provider’s stock valued at $19,975,000 after acquiring an additional 140,236 shares during the last quarter. State of Alaska Department of Revenue increased its position in American Financial Group by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 12,782 shares of the insurance provider’s stock valued at $1,309,000 after acquiring an additional 234 shares during the last quarter. First Quadrant L P CA raised its stake in shares of American Financial Group by 52,671.4% in the second quarter. First Quadrant L P CA now owns 18,470 shares of the insurance provider’s stock valued at $1,893,000 after acquiring an additional 18,435 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of American Financial Group by 1.5% in the second quarter. Arizona State Retirement System now owns 51,424 shares of the insurance provider’s stock valued at $5,269,000 after acquiring an additional 760 shares during the period. Hedge funds and other institutional investors own 63.80% of the company’s stock.
Shares of NYSE:AFG opened at $108.37 on Wednesday. The firm has a market capitalization of $9.89 billion, a PE ratio of 12.90, a price-to-earnings-growth ratio of 2.34 and a beta of 0.84. The business has a 50 day simple moving average of $106.49 and a two-hundred day simple moving average of $103.73. American Financial Group Inc has a 1 year low of $84.18 and a 1 year high of $110.88. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.16 and a quick ratio of 0.16.
The firm also recently disclosed a None dividend, which was paid on Monday, November 25th. Shareholders of record on Friday, November 15th were given a $1.80 dividend. The ex-dividend date was Thursday, November 14th. This is an increase from American Financial Group’s previous None dividend of $1.00. American Financial Group’s dividend payout ratio is 21.43%.
In other American Financial Group news, CEO Carl H. Lindner III sold 200,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $107.31, for a total value of $21,462,000.00. Also, SVP Michelle A. Gillis sold 5,846 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $105.00, for a total transaction of $613,830.00. Following the completion of the sale, the senior vice president now directly owns 33,678 shares of the company’s stock, valued at $3,536,190. The disclosure for this sale can be found here. In the last quarter, insiders sold 355,294 shares of company stock worth $37,755,815. Insiders own 11.90% of the company’s stock.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of American Financial Group from a “sell” rating to a “hold” rating and set a $108.00 price target for the company in a research note on Wednesday, August 14th. ValuEngine upgraded shares of American Financial Group from a “sell” rating to a “hold” rating in a report on Friday, November 8th.
American Financial Group Profile
American Financial Group, Inc, an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional 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 leasing and financing institutions, surety and fidelity products, and trade credit insurance.
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