Frontier Investment Mgmt Co. Has $403,000 Holdings in American Financial Group Inc (AFG)
Frontier Investment Mgmt Co. lowered its stake in American Financial Group Inc (NYSE:AFG) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,710 shares of the insurance provider’s stock after selling 900 shares during the quarter. Frontier Investment Mgmt Co.’s holdings in American Financial Group were worth $403,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of AFG. Janus Henderson Group PLC boosted its stake in American Financial Group by 166.0% in the 3rd quarter. Janus Henderson Group PLC now owns 482,671 shares of the insurance provider’s stock worth $49,931,000 after purchasing an additional 301,200 shares during the period. Schroder Investment Management Group boosted its stake in American Financial Group by 59.0% in the 4th quarter. Schroder Investment Management Group now owns 632,957 shares of the insurance provider’s stock worth $68,701,000 after purchasing an additional 234,900 shares during the period. APG Asset Management N.V. boosted its stake in American Financial Group by 182.7% in the 3rd quarter. APG Asset Management N.V. now owns 292,900 shares of the insurance provider’s stock worth $30,301,000 after purchasing an additional 189,300 shares during the period. BNP Paribas Arbitrage SA boosted its stake in American Financial Group by 359.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 196,350 shares of the insurance provider’s stock worth $20,312,000 after purchasing an additional 153,586 shares during the period. Finally, Assenagon Asset Management S.A. bought a new position in American Financial Group in the 3rd quarter worth about $11,782,000. Institutional investors and hedge funds own 60.78% of the company’s stock.
Several research analysts have commented on AFG shares. Sandler O’Neill restated a “buy” rating and issued a $119.00 target price on shares of American Financial Group in a research note on Wednesday, January 10th. ValuEngine upgraded American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America raised their target price on American Financial Group from $120.00 to $122.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research downgraded American Financial Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. American Financial Group has an average rating of “Buy” and an average price target of $116.75.
American Financial Group (NYSE:AFG) last issued its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.53. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.11 billion. American Financial Group had a return on equity of 11.10% and a net margin of 6.92%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the company posted $1.98 EPS. sell-side analysts forecast that American Financial Group Inc will post 8.2 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, January 15th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.25%. American Financial Group’s dividend payout ratio (DPR) is presently 26.42%.
In other news, VP Vito C. Peraino sold 51,000 shares of American Financial Group stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $113.86, for a total transaction of $5,806,860.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Carl H. Lindner III sold 150,000 shares of American Financial Group stock in a transaction dated 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. In the last quarter, insiders have sold 202,438 shares of company stock valued at $21,663,214. Corporate insiders own 13.70% of the company’s stock.
American Financial Group Company 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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