LS Investment Advisors LLC decreased its holdings in shares of American Financial Group Inc (NYSE:AFG) by 11.9% during the 4th quarter, Holdings Channel reports. The firm owned 7,869 shares of the insurance provider’s stock after selling 1,063 shares during the period. LS Investment Advisors LLC’s holdings in American Financial Group were worth $854,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AFG. Cerebellum GP LLC acquired a new stake in shares of American Financial Group during the fourth quarter worth $111,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of American Financial Group during the third quarter worth $201,000. Strategic Global Advisors LLC acquired a new stake in shares of American Financial Group during the third quarter worth $207,000. Checchi Capital Advisers LLC acquired a new stake in shares of American Financial Group during the third quarter worth $211,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of American Financial Group during the third quarter worth $211,000. Institutional investors and hedge funds own 60.38% of the company’s stock.

In related news, Director Virginia Drosos sold 1,438 shares of American Financial Group stock in a transaction on Friday, December 15th. The stock was sold at an average price of $104.21, for a total value of $149,853.98. Following the transaction, the director now owns 8,034 shares in the company, valued at $837,223.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Vito C. Peraino sold 51,000 shares of American Financial Group stock in a transaction on Monday, February 5th. The shares were sold at an average price of $113.86, for a total value of $5,806,860.00. The disclosure for this sale can be found here. Insiders sold 202,438 shares of company stock worth $21,663,214 in the last quarter. 14.90% of the stock is owned by insiders.

Several research firms have recently issued reports on AFG. ValuEngine upgraded American Financial Group from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Bank of America raised their price objective on American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Zacks Investment Research upgraded American Financial Group from a “hold” rating to a “buy” rating and set a $123.00 price objective on the stock in a report on Thursday, January 18th. Finally, Sandler O’Neill restated a “buy” rating and set a $119.00 price objective on shares of American Financial Group in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $116.75.

American Financial Group Inc (AFG) opened at $110.61 on Thursday. American Financial Group Inc has a fifty-two week low of $91.81 and a fifty-two week high of $121.69. The firm has a market capitalization of $9,636.10, a price-to-earnings ratio of 16.64, a P/E/G ratio of 1.10 and a beta of 0.82. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.19 and a quick ratio of 0.19.

American Financial Group (NYSE:AFG) last issued its earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.53. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm earned $1.98 earnings per share. The firm’s revenue for the quarter was up 7.1% compared to the same quarter last year. equities analysts forecast that American Financial Group Inc will post 8.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Monday, January 15th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date was Thursday, January 11th. American Financial Group’s payout ratio is currently 26.42%.

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American Financial Group Profile

American Financial Group, Inc (AFG) is a holding company engaged primarily in property and casualty insurance businesses. The Company, through Great American Insurance Group, focuses on commercial products for businesses, and is engaged in the sale of fixed and fixed-indexed annuities in the retail, financial institutions and education markets.

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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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