American Financial Group, Inc. (NYSE:AFG) Shares Sold by Korea Investment CORP

Korea Investment CORP trimmed its holdings in American Financial Group, Inc. (NYSE:AFG) by 8.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 29,088 shares of the insurance provider’s stock after selling 2,600 shares during the period. Korea Investment CORP’s holdings in American Financial Group were worth $3,983,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its stake in shares of American Financial Group by 86.8% during the 4th quarter. UMB Bank n.a. now owns 340 shares of the insurance provider’s stock valued at $47,000 after buying an additional 158 shares during the period. Jones Financial Companies Lllp grew its position 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 acquiring an additional 248 shares during the period. Allworth Financial LP grew its position 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 acquiring an additional 527 shares during the period. iA Global Asset Management Inc. acquired a new stake in American Financial Group during the third quarter worth about $125,000. Finally, GAMMA Investing LLC raised its holdings in shares of American Financial Group by 31.6% in the 4th quarter. GAMMA Investing LLC now owns 1,059 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 254 shares during the period. Hedge funds and other institutional investors own 64.37% of the company’s stock.

American Financial Group Stock Up 0.6 %

Shares of NYSE AFG opened at $132.19 on Wednesday. The stock has a fifty day moving average price of $127.93 and a 200 day moving average price of $133.77. 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 12-month low of $118.97 and a 12-month high of $150.19. The company has a market cap of $11.10 billion, a P/E ratio of 12.51 and a beta of 0.79.

American Financial Group (NYSE:AFG) 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%. Research analysts anticipate that American Financial Group, Inc. will post 10.5 EPS for the current fiscal year.

American Financial Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Tuesday, April 15th will be given a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.42%. American Financial Group’s payout ratio is currently 30.27%.

Insider Activity

In other American Financial Group news, Director Gregory G. Joseph purchased 3,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price 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 in the company, 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.

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 dropped their target price for the stock from $164.00 to $144.00 in a research report on Friday, February 7th.

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.