Fuller & Thaler Asset Management Inc. Invests $119,000 in American Financial Group Inc (AFG)
Fuller & Thaler Asset Management Inc. purchased a new position in American Financial Group Inc (NYSE:AFG) during the fourth quarter, Holdings Channel reports. The fund purchased 1,100 shares of the insurance provider’s stock, valued at approximately $119,000.
Other large investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of American Financial Group in the 4th quarter worth approximately $111,000. Signition LP bought a new stake in shares of American Financial Group in the 4th quarter worth approximately $204,000. Dai Ichi Life Insurance Company Ltd bought a new stake in shares of American Financial Group in the 3rd quarter worth approximately $201,000. Strategic Global Advisors LLC bought a new stake in shares of American Financial Group in the 3rd quarter worth approximately $207,000. Finally, GSA Capital Partners LLP bought a new stake in shares of American Financial Group in the 3rd quarter worth approximately $211,000. 60.78% of the stock is currently owned by institutional investors.
AFG has been the topic of a number of research reports. Sandler O’Neill reaffirmed a “buy” rating and issued a $119.00 price target on shares of American Financial Group in a report on Wednesday, January 10th. ValuEngine upgraded shares of American Financial Group from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America lifted their price objective on shares of American Financial Group from $120.00 to $122.00 and gave the company a “buy” rating in a research note on Thursday, February 1st. Finally, Zacks Investment Research lowered shares of 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 issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $116.75.
American Financial Group (NYSE:AFG) last released its quarterly earnings data on Wednesday, January 31st. The insurance provider reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.67 by $0.53. American Financial Group had a net margin of 6.92% and a return on equity of 11.09%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business earned $1.98 EPS. American Financial Group’s revenue was up 7.1% compared to the same quarter last year. equities analysts predict that American Financial Group Inc will post 8.2 earnings per share for the current fiscal year.
In other news, VP Vito C. Peraino sold 51,000 shares of the business’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $113.86, for a total transaction of $5,806,860.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gregory G. Joseph purchased 500 shares of American Financial Group stock in a transaction dated Monday, February 26th. The shares were purchased at an average price of $113.50 per share, with a total value of $56,750.00. The disclosure for this purchase can be found here. 14.90% of the stock is currently owned by insiders.
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.
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