LS Investment Advisors LLC Has $530,000 Stake in American Financial Group Inc (AFG)

LS Investment Advisors LLC lowered its holdings in shares of American Financial Group Inc (NYSE:AFG) by 8.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,849 shares of the insurance provider’s stock after selling 523 shares during the period. LS Investment Advisors LLC’s holdings in American Financial Group were worth $530,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Lavaca Capital LLC acquired a new stake in shares of American Financial Group during the fourth quarter worth $27,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of American Financial Group during the fourth quarter worth $37,000. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of American Financial Group during the third quarter worth $111,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of American Financial Group by 25,000.0% during the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 1,004 shares of the insurance provider’s stock worth $111,000 after buying an additional 1,000 shares during the period. Finally, FMR LLC acquired a new stake in shares of American Financial Group during the third quarter worth $113,000. 66.04% of the stock is owned by hedge funds and other institutional investors.

In other American Financial Group news, Director Gregory G. Joseph acquired 1,000 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were purchased at an average cost of $92.91 per share, with a total value of $92,910.00. Following the completion of the purchase, the director now owns 35,594 shares of the company’s stock, valued at $3,307,038.54. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Carl H. Lindner III sold 28,668 shares of the firm’s stock in a transaction on Tuesday, December 18th. The shares were sold at an average price of $91.05, for a total transaction of $2,610,221.40. The disclosure for this sale can be found here. Company insiders own 13.70% of the company’s stock.

AFG has been the subject of several recent analyst reports. Zacks Investment Research reiterated a “buy” rating and set a $115.00 price objective on shares of American Financial Group in a research report on Monday, November 12th. Keefe, Bruyette & Woods began coverage on shares of American Financial Group in a report on Thursday, January 10th. They issued a “market perform” rating and a $107.00 price target for the company.

NYSE:AFG opened at $96.07 on Monday. The company has a quick ratio of 0.17, a current ratio of 0.17 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $8.57 billion, a price-to-earnings ratio of 11.44, a P/E/G ratio of 2.16 and a beta of 0.89. American Financial Group Inc has a 12 month low of $84.18 and a 12 month high of $117.50.

American Financial Group (NYSE:AFG) last posted its quarterly earnings results on Wednesday, January 30th. The insurance provider reported $1.75 EPS for the quarter, missing analysts’ consensus estimates of $1.84 by ($0.09). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.28 billion. American Financial Group had a return on equity of 14.80% and a net margin of 7.41%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.20 earnings per share. As a group, research analysts anticipate that American Financial Group Inc will post 8.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Shareholders of record on Tuesday, January 15th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date of this dividend was Monday, January 14th. American Financial Group’s payout ratio is 19.05%.

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American Financial Group Company Profile

American Financial Group, Inc, through its subsidiaries, provides property and casualty insurance products in the United States. The company operates through Property and Casualty Insurance, Annuity, Run-Off Long-Term Care and Life, and Other segments. 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 coverages; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets and customized programs for small to mid-sized businesses; 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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Institutional Ownership by Quarter for American Financial Group (NYSE:AFG)

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