BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its stake in American Financial Group Inc (NYSE:AFG) by 17.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 39,846 shares of the insurance provider’s stock after selling 8,148 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in American Financial Group were worth $4,122,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Acrospire Investment Management LLC grew its holdings in shares of American Financial Group by 153.6% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,321 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 800 shares during the last quarter. Bessemer Group Inc. acquired a new stake in shares of American Financial Group in the second quarter worth $155,000. Dai Ichi Life Insurance Company Ltd acquired a new stake in shares of American Financial Group in the third quarter worth $201,000. TLP Group LLC acquired a new stake in shares of American Financial Group in the second quarter worth $194,000. Finally, Strategic Global Advisors LLC acquired a new stake in shares of American Financial Group in the third quarter worth $207,000. Institutional investors and hedge funds own 61.45% of the company’s stock.

In related news, CEO S Craig Lindner sold 50,000 shares of American Financial Group stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $106.21, for a total transaction of $5,310,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $104.71, for a total value of $15,706,500.00. The disclosure for this sale can be found here. 14.90% of the stock is currently owned by company insiders.

Several brokerages have recently commented on AFG. Zacks Investment Research cut American Financial Group from a “buy” rating to a “sell” rating in a research report on Tuesday, October 3rd. BidaskClub cut American Financial Group from a “hold” rating to a “sell” rating in a research report on Friday, August 25th.

Shares of American Financial Group Inc (NYSE:AFG) opened at $103.26 on Friday. The company has a market capitalization of $9,173.42, a price-to-earnings ratio of 16.42, a PEG ratio of 2.95 and a beta of 0.86. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.24. American Financial Group Inc has a 12-month low of $85.35 and a 12-month high of $106.76.

American Financial Group (NYSE:AFG) last released its quarterly earnings data on Tuesday, October 31st. The insurance provider reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.21. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $979.50 million. American Financial Group had a return on equity of 10.90% and a net margin of 10.22%. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.51 earnings per share. research analysts expect that American Financial Group Inc will post 6.05 EPS for the current year.

The company also recently disclosed a special dividend, which was paid on Monday, November 27th. Investors of record on Friday, November 17th were given a dividend of $2.00 per share. This is a boost from American Financial Group’s previous special dividend of $1.50. The ex-dividend date of this dividend was Thursday, November 16th. This represents a yield of 1.33%. American Financial Group’s dividend payout ratio (DPR) is presently 17.97%.

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About American Financial Group

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.

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

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